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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