NetSol Technologies
Signs New Agreement with McCue Systems
Calabasas, CA: NetSol
Technologies, Inc. (NASDAQ:NTWK), a developer of proprietary
software applications and provider of information technology
(IT) services, has announced that it has signed a software
development and IT services agreement with Burlingame, California-based
McCue Systems Inc., a leading provider of lease and loan
portfolio management software for banks, leasing companies
and manufacturers. Under the terms of the agreement, NetSol
will provide the following services to McCue:
Software design and development services Software quality
assurance and testing services Product enhancement for McCue’s
LeasePak portfolio management suite “We are pleased
to announce a major new US-based development project with
McCue Systems,” commented Najeeb U. Ghauri, Chairman
of NetSol Technologies. “Our expertise in software
development and IT services for the equipment and vehicle
leasing industry is a perfect fit with McCue, a recognized
leader in enterprise lease loan software solutions. We look
forward to working closely with McCue’s technical
and product management teams to roll out many new functional
enhancements to their customer base over the coming months.”
“To ensure McCue’s leadership position in the
enterprise lease loan application niche, and to best meet
the needs of our customers, we must continue to rapidly
design, develop, test and deploy the highest quality product
upgrades and new modules of our LeasePak software,”
said John McCue III, President and Chairman of McCue Systems.
“The success of NetSol’s LeaseSoft product family,
along with its reputation for having a world class software
development organization, makes it the ideal choice for
a strategic development partnership.” He further added,
“NetSol’s CMM level 4 world class offshore development
center promises a long-term strategic partnership, allowing
us to effectively utilize NetSol's seasoned lease application
development resources to deliver great value to our US-based
LeasePak customers”.
McCue Systems’ LeasePak is a comprehensive enterprise
lease loan management system that helps users track, account
for and efficiently manage equipment and vehicle lease and
loan portfolios. LeasePak provides a complete solution for
all lease and loan accounting, asset management and operational
needs, and is scalable to manage vehicle and equipment portfolios
of any size. The application incorporates both client-server
and Web-based architectures; runs on the SUN/Solaris, HP/UX,
and Linux platforms using the Oracle or Sybase relational
database 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.
NetSol Technologies is an end-to-end solution provider for
the lease and finance industry. Headquartered in Calabasas,
CA, NetSol Technologies, Inc. operates on a global basis
with locations in the US, 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.
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