NetSol Technologies Announces
at Major Vehicle Finance Operation
owned Subsidiary Drives $1.5 Million Contract with Automotive
Calabasas, CA: NetSol Technologies, Inc. (NASDAQ:NTWK), a
US-based multinational provider of enterprise software and
services for equipment finance, today announced its wholly
owned subsidiary, Burlingame, CA-based McCue Systems, has
successfully completed the implementation of its flagship
vehicle finance software suite, LeasePak, at a major Korean
vehicle finance operation. Under the terms of the approximately
$1.5 million contract, McCue Systems provided a customized
version of LeasePak, along with implementation and support
The operation will serve the company's dealer network throughout
the United States, facilitating consumer leases for a complete
line of vehicles. The customized LeasePak configuration will
be integrated into the customer's existing dealer network
to simplify and streamline contract origination for dealerships.
"We are pleased to add this marquee brand to the growing
list of global automotive and equipment leasing companies
using LeasePak as their vehicle and asset finance software
of choice," commented McCue Systems CEO John McCue. "The
customer's fast-ramping program required a robust system designed
to efficiently manage growing transaction volume. We look
forward to working closely with their team as they move forward
to expand the use of LeasePak throughout their operations."
About McCue Systems
With over 30 years of experience in developing business solutions
for the equipment and vehicle leasing industry, McCue Systems
Inc. is the leading provider of lease/loan portfolio management
software for banks, leasing companies and manufacturers. Its
flagship product, LeasePak, simplifies lease/loan administration
and asset management by accurately tracking leases, loans
and equipment from origination through end-of-term and disposition.
McCue Systems leads the leasing technology industry in the
development of Web-enabled and Web-based tools to deliver
superior customer service, reduce operating costs, streamline
the lease management lifecycle, and support collaboration
with origination channel and asset partners. For more information,
About NetSol Technologies, Inc.
NetSol Technologies is a US-based multinational provider of
enterprise software and services for equipment financing.
Headquartered in Calabasas, CA, NetSol Technologies, Inc.
operates on a global basis with locations in the U.S., Europe,
East Asia and Asia Pacific. NetSol helps its clients identify,
evaluate and implement technology solutions to meet their
most critical business challenges and maximize their bottom
line. By utilizing its worldwide resources, NetSol delivers
high-quality, cost-effective IT services ranging from consulting
and application development to systems integration and outsourcing.
NetSol's commitment to quality is demonstrated by its achievement
of both ISO 9001 and SEI (Software Engineering Institute)
CMM (Capability Maturity Model) Level 4 assessment. For more
information, visit NetSol Technologies' web site at www.netsoltek.com.