CALABASAS, Calif., Feb. 16, 2023 (GLOBE NEWSWIRE) -- NETSOL Technologies, a leading provider of IT and enterprise software solutions for the global leasing and finance industry, has announced the signing of a multi-million dollar agreement with a major Japanese agricultural and industrial equipment manufacturer's finance division. The contract will see NETSOL's premier technology platform, NFS Ascent Retail, deployed in the company's operations in Australia.
The NFS Ascent Retail platform comprises Ascent Omni Point-of-Sale (Omni POS) and Ascent Contract Management System (CMS). The client, who already uses NETSOL's solutions in New Zealand, has also chosen NFS Digital touchpoints, including Self Point-of-Sale (Self POS), Mobile Point-of-Sale (mPOS), and Mobile Account (mAccount). The implementation timeline is expected to be between twelve and fourteen months.
"We are thrilled to announce this agreement with a major Japanese equipment finance provider to deploy NFS Ascent for use in their operations throughout Australia," said Najeeb Ghauri, Founder and CEO of NETSOL Technologies, Inc. "NFS Ascent is a state-of-the-art, next-generation platform for the global equipment and asset finance and leasing industry, and this company is already an NFS Ascent customer, using our technology for their operations in New Zealand. We are delighted that they have once again chosen our products, and we look forward to expanding our partnership and supporting them in their future business initiatives."
With over 40 years of domain expertise, NETSOL Technologies' suite of applications, including NFS, LeasePak, LeaseSoft, and NFS Ascent, helps companies transform their finance and leasing operations, providing a fully automated asset-based finance solution covering the complete finance and leasing lifecycle.
This latest contract marks another significant milestone for NETSOL Technologies, further strengthening the company's position as a global leader in the leasing and finance industry.
Pakistan is advancing in the realm of latest technologies as a leading digital transformation company, 10Pearls, has acquired Oiga Technologies, a Colombia-based high-tech product development company specializing in artificial intelligence, machine learning, big data, and blockchain. This strategic alignment strengthens 10Pearls' capabilities in emerging technologies and product development, providing its clients with innovative solutions across industry verticals.
Founded in 2017 by Michael Puscar, a renowned data scientist and inventor, Oiga Technologies is a global software development company that combines cutting-edge technologies with data to deliver customized solutions. The Oiga team of 120 data scientists, product innovators, software developers, and inventors will become a part of 10Pearls' product development team. Puscar will play a vital role as a strategic advisor, while Bob Reisenweber, Oiga Technologies’ current CEO, will take on the role of Managing Director, LATAM within 10Pearls.
"We are delighted to welcome Oiga Technologies to our team at 10Pearls. We share a vision of leveraging advanced software technologies to disrupt the economics of innovation and increase competitiveness for our clients globally. Above all, both companies are aligned with values of creating a positive impact and making a difference in the world.”
Imran Aftab, CEO, 10Pearls
"Our customers are constantly looking for tech-forward solutions, and we believe that 10Pearls’ global engineering scale will provide the technological depth and ability to execute in an agile manner to meet their ever-evolving needs.” said Michael Puscar, Founder of Oiga Technologies “This brings two digitally innovative companies leveraging emerging technology to deliver end-to-end digital transformation services and software engineering at scale.”
This marks 10Pearls' third global acquisition in 2023 as it deepens its capabilities in advanced technologies and take Pakistan forward in the IT sector.