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Investing.com -- NetSol Technologies Inc (NASDAQ:NTWK) stock climbed 2.5% Friday after the company announced new deployments of its Transcend Retail digital platform at Porsche North Houston and Jim Shorkey Nissan dealerships.
The AI-powered solutions provider revealed that Porsche North Houston, part of Indigo Auto Group, implemented the omnichannel retail platform in under five weeks. Following this successful deployment, NETSOL plans to roll out the platform to five additional Porsche dealerships in the group by December 2025.
Jim Shorkey Nissan also went live with the Transcend Retail platform, marking another expansion in NETSOL’s North American market presence. The platform aims to modernize the automotive sales funnel and improve customer experience for dealerships.
"One of my favorite features of Transcend Retail is the user interface and user experience both from the sales side and the client side," said Josh Smylie, Digital Marketing Manager at Indigo Auto Group. "We have captured more leads through the platform than we were with our previous digital retailing tool."
Michael Gaitor, General Manager at Jim Shorkey Auto Group, highlighted the platform’s ease of use, noting: "It is very transparent and everything is very upfront. I think it’s the most modernized tool that’s out there."
Najeeb Ghauri, Founder and CEO of NETSOL Technologies, called the deployments "a landmark moment" for the company as it partners with premier dealership groups to deliver digital automotive retail experiences.
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