NETSOL Technologies becomes a member of the Indonesia Financial Services Association
March 09 2017 - 8:00AM
NetSol Technologies, Inc. (Nasdaq:NTWK), a leading global provider
of enterprise application solutions and business services to the
finance and leasing industry, today announced its membership in
Asosiasi Perusahaan Pembiayaan Indonesia (APPI). APPI is
Indonesia’s financial services association and the country’s
foremost body in the finance and leasing industry.
NETSOL Technologies entered the Indonesian market in September
of 2015. In the same year, the company signed an NFS AscentTM deal
worth over $15 million with a major Japanese financial institution
operating in Indonesia, which is currently under implementation.
Indonesia is classified as one of the emerging market economies of
the world and is amongst the largest economies of Southeast Asia.
As a member of the G-20 major economies, it is categorized as a
newly industrialized country. Indonesia has a rapidly growing
finance and leasing industry propelled by the general growth of the
economy, strong foreign direct investment, and a high demand for
transportation and infrastructural development. As the country
industrializes in the years to come, finance and leasing activity
is expected to expand and with it associated industries and
sectors.
APPI is the principal financial services association in
Indonesia bringing together all stakeholders of the finance and
leasing industry in the country. There are over 180 finance and
leasing companies in Indonesia and APPI is the chief portal to any
company looking to enter the market. NETSOL has already delivered
two keynotes at APPI hosted events, enabling NETSOL to not only
showcase their thought leadership in the industry but also interact
with industry notables and authorities. This alliance has helped
NETSOL build a healthy pipeline for the future.
“Indonesia is proving to be a very receptive country in terms of
finance and leasing technology and we are the largest and most
advanced player in the Asia Pacific region in that domain,” said
Najeeb Ghauri, Founder, Chairman & Chief Executive Officer.
“Our experience and expertise are paying off in the country and
further strengthening our foothold in the region.”
About NetSol Technologies
NetSol Technologies, Inc. (Nasdaq:NTWK) is a worldwide provider
of IT and enterprise software solutions primarily serving the
global leasing and financing industry. The Company’s suite of
applications are backed by 40 years of domain expertise and
supported by a committed team of more than 1,500+ professionals
placed in eight strategically located support and delivery centers
throughout the world. NFSTM, LeasePakTM, LeaseSoft or NFS AscentTM
– help companies transform their finance and leasing operations,
providing a fully automated asset-based finance solution covering
the complete leasing and finance lifecycle."
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Forward-Looking Statements
This press release may contain forward-looking statements
relating to the development of the Company's products and services
and future operation results, including statements regarding the
Company that are subject to certain risks and uncertainties that
could cause actual results to differ materially from those
projected. The words “expects,” “anticipates,” variations of such
words, and similar expressions, identify forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, but their absence does not mean that the statement is not
forward-looking. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties, and
assumptions that are difficult to predict. Factors that could
affect the Company's actual results include the progress and costs
of the development of products and services and the timing of the
market acceptance. The subject Companies expressly disclaim any
obligation or undertaking to update or revise any forward-looking
statement contained herein to reflect any change in the company's
expectations with regard thereto or any change in events,
conditions or circumstances upon which any statement is based.
Contact: William Maina ICR investors@netsoltech.com (646)
277-1236
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