NetSol Technologies Europe Launches Managed IT Services Division

Calabasas, CA: NetSol Technologies, Inc. ("NetSol") (NASDAQ: NTWK) (DIFX: NTWK), a worldwide provider of global business services and enterprise application solutions, announced that its European division  has successfully launched its Managed IT Services Division. This new business division will leverage the Company's existing international client relationships within LeaseSoft as well as its global BestShoring business model.
Najeeb Ghauri, CEO and Chairman of NetSol Technologies, Inc., commented, "Our newly launched European Managed IT Services Division uses our world-class CMMI Level 5 capabilities to compete amongst the best IT companies in the world. In the past 10 years, NetSol has excelled in delivering high-quality solutions to its global LeaseSoft customers. Extending our expertise and value to the customer, we now have a European platform to leverage our global capabilities to deliver essential IT services to new and existing customers. Based on our success in serving clients through our BestShoring platform, we believe this new division lends additional momentum to NetSol and provides another revenue and earnings driver for the new fiscal year."
The BestShoring model reflects NetSol's ability to draw upon its global resource base and construct the best possible solution and price for each and every customer. Unlike traditional outsourcing offshore vendors, NetSol Europe is deploying its BestShoring model to deliver an array of services from its delivery centers, both in Europe and Asia, providing the client with a competitive blended rate, whilst managing the relationship through a local European onshore presence.
About NetSol Technologies Inc. NetSol Technologies (NASDAQ: NTWK) (DIFX: NTWK) is a worldwide provider of global business services and enterprise application solutions. NetSol uses its BestShoring(TM) practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Organized into specialized practices, these product and services offerings include portfolio management systems for the financial services industry, consulting, custom development, systems integration, and technical services for the global Healthcare, Insurance, Real Estate, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 279001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Level 5 assessments, a distinction shared by fewer than 100 companies worldwide. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, technology providers, and governmental agencies. Headquartered in Calabasas, California, NetSol Technologies has operations and offices in London, San Francisco, Sydney, Beijing, Bangkok, and Lahore. To join the NetSol Technologies Inc. email distribution list please visit:
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Editor: Akhtar M. Faruqui
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