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ENCINO, Calif. - NETSOL Technologies, Inc. (NASDAQ:NTWK), a technology company with a market capitalization of $48.36 million and annual revenue of $64.13 million, announced that a leading Chinese leasing company has successfully implemented its Transcend Finance platform to launch operations in Indonesia. According to InvestingPro data, the company has demonstrated strong momentum with a 57% return over the past six months.
The implementation, completed in less than six months, includes NETSOL’s Omni Point of Sale and Contract Management System, along with a customized funding system tailored to the Indonesian market. The solution is fully compliant with local regulatory and operational standards.
The deployment represents a greenfield implementation, allowing the client to build new processes without legacy system constraints. The Chinese leasing company offers various services including equipment leasing, asset financing, and commercial leasing.
"This go-live is a significant milestone not only for our client as they enter a new and competitive market, but also for NETSOL," said Najeeb Ghauri, Founder and CEO of NETSOL Technologies, Inc.
Amanda Li Linjie, President of NETSOL Technologies China, noted the collaborative nature of the project: "We created a highly efficient, scalable system without the limitations of legacy infrastructure."
NETSOL Technologies provides AI-powered solutions enabling OEMs, dealerships and financial institutions to sell, finance and lease assets. The company has operated since 1996 and serves clients in over 30 countries.
The information in this article is based on a press release statement from NETSOL Technologies.
In other recent news, NetSol Technologies Inc. reported a 13% increase in total net revenues for the third quarter of fiscal year 2025, reaching $17.5 million. This growth was driven by a 24% rise in services revenue and a 10% increase in subscription revenues. Additionally, NetSol signed a strategic cooperation agreement with Tianjin Binhai Smart Group Co., Ltd. and the Dongjiang Free Trade Port Zone Government at the Shanghai Cooperation Organization Summit. The company also appointed Ian Smith, former CEO of BMW Financial Services USA, to its Board of Directors, and Richard Howard, an ex-Daimler executive, to its Advisory Board. Shareholders recently approved key proposals, including the re-election of board members and the adoption of the 2025 Equity Incentive Plan. These developments highlight NetSol’s strategic focus on expanding its market presence and enhancing its governance structure.
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