NASDAQ Invites NetSol Chief to Ring the Bell for the Third Time

Najeeb Ghauri
Founder, Chairman & Chief Executive Officer
NetSol Technologies, Inc.


A Pakistan Link Report


Anaheim , CA : NetSol Technologies has earned the singular distinction of being invited to ring the bell for the third time on NASDAQ stock exchange in recognition of its ten-year listing. Mr. Najeeb Ghauri, NetSol Chairman and CEO, will host the NASDAQ New York Opening Bell Ringing Ceremony at the NASDAQ MarketSite in New York's Times Square on November 3.

The ceremony will begin at 9:15 a.m. A Senior Executive from NASDAQ OMX will deliver an official welcome message that will be followed by a speech by Mr. Ghauri. The opening bell ringing will take place at 9:30 a.m.

Mr. Ghauri will also present at the Borse Dubai International Investor Conference in New York on November 2 nd & 3 rd, 2009. The event is sponsored by Dubai Financial Market and Nasdaq Dubai in cooperation with Citi Global Markets (Citi) and Goldman Sachs.

“I am very humbled as I might be the only Pakistani American to ring the bell not once but a third time. I recollect only PM Shaukat Aziz doing an opening bell ceremony in 2006 at NYSE,” says a beaming Najeeb Ghauri. He is happy his successes have not been confined to global IT developments but have begun to impact IT growth in Pakistan as well. With a winsome smile, the dashing Pakistani-American entrepreneur mentions that NetSol today is Pakistan’s largest IT services company and a major services contractor to various government organizations in the country.

NetSol Technologies Corporate Highlights

NetSol Technologies is a multinational provider of global business services and enterprise application solutions. The company’s primary offerings include:

NetSol Financial Suite (NFS)

NetSol Financial Suite (NFS) provides comprehensive, custom solutions for credit, lease and loan accounting, fleet management, and wholesale finance needs. NFS includes the products Evolve, LeasePak, and LeaseSoft. NFS is a complete lifecycle lease and loan portfolio management solution, with features and functionality that cover the range of leasing and finance sectors.

BestShoring IT Services

NetSol's Global Business Services (GBS) offerings are enhanced with its proven BestShoring™ business model, which draws upon an extensive team of cross-functional subject matter and domain expertise deployed around the world. Bestshoring™ leverages global engineering resources with project management by local domain experts. Every member of the global network is part of the NetSol family, speaks the same language, and is fully empowered to communicate, collaborate, and participate in client projects.

NetSol’s campus in Lahore employs more than 750 IT professionals and has earned ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by roughly 100 companies worldwide. These achievements are a result of NetSol's processes and products conforming to rigorous quality standards, resulting in the efficient delivery of secure and reliable solutions.

With operations in seven countries around the world, NetSol is proud of its status as a dual-listed public company on the NASDAQ OMX and NASDAQ Dubai stock exchanges and was the first US listed company to dual list on these two exchanges. NetSol’s majority-owned subsidiary in Pakistan is also publicly traded on the Karachi Stock Exchange (KSE: NETSOL).

Najeeb Ghauri

Founder, Chairman & Chief Executive Officer

Najeeb Ghauri is Chairman of the Board of Directors and CEO of NetSol Technologies, Inc. In the early years of the Company, Mr. Ghauri was responsible for restructuring the company's business model into that of an IT company and was instrumental in the completion of the NetSol Technologies IPO in 1998. He also spearheaded the successful listing of NetSol (NTWK) on the Nasdaq Capital Market (formerly known as Nasdaq Small Cap) in December 1999. At the time of its IPO, NetSol was the first IT company originated from Pakistan to be listed on Nasdaq. NetSol grew from just five people to almost 1000 in 2009 and grew from $100K revenue in 1998 to $37MN in 2008. Today, NetSol has nearly 200 customers worldwide and offices in 6 countries.

Mr. Ghauri was influential in listing NetSol’s Pakistani subsidiary on the Karachi Stock Exchange (KSE). In addition, Mr. Ghauri helped establish the first US Company listed on both Nasdaq Capital Market (NASDAQ CM: NTWK) and Dubai stock exchange (NASDAQ DUBAI: NTWK).

NetSol’s campus in Lahore employs more than 750 IT professionals and has earned ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by roughly 100 companies worldwide

On September 13, 2006 and again in June 25, 2008, Mr. Ghauri represented NetSol Technologies as he presided over the closing bell for the Nasdaq Exchange in New York City. He has been twice nominated in the United States for the Ernst & Young ‘Entrepreneur of the Year’, once in 2001 and again in 2008.

Prior to launching NetSol in the US, Mr. Ghauri had over 15 years of combined marketing and management experience with Fortune 500 companies such as Unilever and Atlantic Richfield Corporation (ARCO). He received his bachelor's degree from Eastern Illinois University and earned an MBA in marketing from the Drucker School of Management at the Claremont Graduate School.

Mr. Ghauri is also active in various charitable and educational non-governmental organizations (NGOs) worldwide. He is a founding board member of the Pakistan Human Development Fund, which provides educational tools to children in underdeveloped areas of Pakistan. He is also a founding board member and Vice-Chairman of the US Pakistan Business Council in Washington, DC, a US Chamber of Commerce body and the leading private sector association in the United States promoting trade and investment between the United States and Pakistan.



Editor: Akhtar M. Faruqui
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