NetSol Technologies signs contract with Sany Corp to deploy financial solutions suite
Shares in business services and enterprise applications NetSol Technologies (NASDAQ:NTWK) tacked on 3.5% in early trading after the company announced that it had closed a contract with Sany Corp of China , the largest manufacturer of concrete machinery in the world, and a subsidiary of Shanghai Stock Exchange listed Sany Group (HKG:0631).
NetSol will be supplying its ‘Financial Suite’ solution which
includes credit application processing, contract management systems and a
wholesale financial system solution that will deployed across Sany
Corp’s dealer network and back office operations in China.
The NASDAQ listed company said the contract was of ‘significant
value’ but did not disclose specific financial terms of the contract.
"This win is one of many we have in our current pipeline and is a
further validation of our China strategy and our NFS value proposition.
We have a clear market leadership in this exciting space, which is
continuing to grow exponentially in China,” Naeem Ghauri, head of Global
Sales and President of NetSol Technologies, Inc. for Europe, commented.
NetSol Technologies, formed in 1995, provides of IT and
enterprise application solutions to the financial, insurance, energy,
technology and leasing markets.
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