NetSol Technologies Inc. Strengths, Domain Expertise, and Key Differentiators
NetSol's flagship global solution, NFS, is a comprehensive suite of four sophisticated software applications designed for the asset finance industry. Covering the entire leasing and finance cycle, from quotation origination to end-of-contract transactions, the suite includes digital channel support with intuitive mobile applications. Capable of operating in highly flexible settings, these applications navigate multinational, multi-company, multi-asset, multi-lingual, multi-distributor, and multi-manufacturer environments.
The suite's independent applications automate specific leasing/financing cycle sub-domains. Integrated, they cater to companies of all sizes, including those with multi-billion-dollar portfolios. NFS Ascent, the Company's advanced platform for auto and equipment finance, features meticulously designed architecture and user interfaces based on four decades of experience with global Fortune 500 companies and cutting-edge UX design.
The platform's architectural framework empowers auto captive and asset finance companies to efficiently overhaul legacy-driven technology, ushering in a state-of-the-art IT and business process environment. At the heart of the NFS Ascent platform is a lease accounting and contract processing engine, facilitating various interest calculation methods and ensuring robust accounting for multi-billion-dollar lease portfolios in alignment with diverse regulatory standards.
NFS Ascent, distinguished by its distributed and clustered deployment, empowers finance companies to process extensive data at high speeds. It offers a scalable, end-to-end solution for leasing, lending, and portfolio management, particularly suitable for start-up finance companies, regional banks, brokers, and dealers. With a modest monthly fee, NFS Ascent stands out as a preferred choice. LeasePak CLOUD efficiently streamlines the entire financial life cycle, from contract origination to end-of-term, simplifying middle and back-office activities.
NetSol Technologies Inc. Recent Developments
In May 2023, NETSOL Technologies successfully implemented NFS Ascent for Ikano Bank, the largest multi-country roll-out of the platform. This Cloud-based deployment supports Ikano Bank's business lending in the Nordic and European regions, marking a significant multi-million-euro collaboration. Henrik Staulund, Chief Commercial Officer at Ikano Bank, highlighted the competitive edge gained through streamlined processes and swift implementation with NFS Ascent. The partnership includes digital touchpoints for enhanced digital transformation and improved decision-making.
In April 2021, NETSOL Technologies announced the expansion of its product offerings. Through its subsidiary Otoz, the company introduced digital retailing solutions designed specifically for car dealerships. This cutting-edge platform enables automotive companies to furnish consumers with a holistic and seamless digital shopping experience.
In 2018, NETSOL Technologies secured a $30 million five-year contract with a leading auto finance company in China and Asia-Pacific. Chosen for its proven track record, NETSOL's Ascent platform stood out in a rigorous evaluation of technology, functionality, and compliance. The selection underscores NETSOL's expertise in addressing complex business processes in the Chinese market.
NetSol Technologies Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying NetSol Technologies Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of NetSol Technologies Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified NSF Ascent, NFS Digital, NXT, LeasePak Cloud, LeaseSoft customers.
NetSol Technologies Inc. Overview
23975 Park Sorrento, Suite 250
Calabasas, CA, 91302, United States
1 818-222-9195
https://www.netsoltech.com/
Ownership: - NASDAQ:NTWK
Number of Employees: 1770
Functional Markets: CRM, ERP Financial, ERP Services and Operations,
Key Verticals: Automotive, Banking and Financial Services, P&C Insurance, Manufacturing, Professional Services, Retail, Utilities,
NetSol Technologies Inc. Key Enterprise and Cloud Applications
NSF Ascent, NFS Digital, NXT, LeasePak Cloud, LeaseSoft
NetSol Technologies Inc. Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
NetSol Technologies Inc. Revenue Breakdown By Type, $M:
NetSol Technologies Inc. Enterprise Applications Revenues By Functional Markets, $M:
NetSol Technologies Inc. Enterprise Applications Revenues By Verticals, $M:
NetSol Technologies Inc. Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
NetSol Technologies Inc. Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
NetSol Technologies Inc. Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified NetSol Technologies Inc. Customers
No. of NetSol Technologies Inc. Customers: 300
No. of NetSol Technologies Inc. Enterprise Applications Customers: 300
No. of NetSol Technologies Inc. Cloud Customers: x
No. of NetSol Technologies Inc. Cloud Subscribers: 25000
With a portfolio managing assets exceeding $200 billion globally, NETSOL maintains a track record of over 300 successful implementations and a user base of 25,000 individuals worldwide, all while sustaining a remarkable 100% implementation success rate. This positions NETSOL as a leading solution provider to the North American finance and leasing industry. Operating through global offices in North America, Europe, and across the Asia-Pacific region, NETSOL continues to uphold its industry-leading standing.
In November 2019, NETSOL Technologies achieved a successful implementation of its entire suite, the NFS Ascent Retail Platform, including the Omni Point of Sale (Omni POS) and Contract Management System (CMS), along with the Wholesale Finance System (WFS) from its Wholesale Platform. This deployment was executed for a leading German auto captive finance company with operations in Malaysia.
The Malaysia deployment is part of an ongoing multi-country agreement initiated in December 2015, aiming to upgrade the Next-Gen platform, NFS Ascent, for an existing tier-one NETSOL client. Covering implementations, licenses, maintenance, services, and expected customization fees across 12 countries, this extensive contract is NETSOL's largest. Malaysia marks the ninth successful "Go Live" deployment in this series, following implementations in key markets such as Japan, China, South Africa, Thailand, New Zealand, Australia, South Korea, and Hong Kong.
In November 2019, NETSOL Technologies achieved a successful implementation of its flagship NFS Ascent Retail Platform, which includes the Omni Point of Sale (Omni POS) and Contract Management System (CMS). This implementation was carried out for a leading German auto captive finance company with operations in Hong Kong.
The Hong Kong deployment is part of a significant multi-country contract initiated in December 2015, representing NETSOL's largest agreement to date. The contract involves upgrading an existing customer to the advanced Next-Gen platform, NFS Ascent, across 12 countries. Hong Kong is the eighth successful "Go Live" deployment in this series, following implementations in Japan, China, South Africa, Thailand, New Zealand, Australia, and South Korea.
NetSol's clientele includes globally recognized automotive manufacturers and major regional banks. Daimler, a multinational conglomerate, is a key strategic partner, contributing 36.3% to NetSol's revenue. In 2018, NetSol secured a $30 million contract in the Asia-Pacific region. The company serves 200 clients with a user base of 10,000, featuring recent additions like Speed Leasing and Daimler.
NetSol Technologies Inc. Market Opportunities, M&A and Geo Expansions
In February 2023, the Japanese equipment finance giant inks a multi-million dollar deal with NETSOL, propelling its NFS Ascent platform into the heart of Australia's market. Expect streamlined operations, boosted customer engagement, and data-driven insights, all within a year.
In May 2023, Darryll Lewis was appointed as the new Managing Director of NETSOL Technologies Europe, bringing over two decades of experience in receivables and asset finance software. Known for driving business growth and delivering innovative solutions, Lewis's appointment aligns with NETSOL's mission to provide exceptional value in the European region. In response, Mr. Lewis expressed his excitement, stating, I am thrilled to lead NETSOL Europe and drive innovation in the Asset Finance market.
In November 2023, NETSOL Technologies appointed Erik Wagner as Chief Marketing Officer to lead global marketing initiatives and sector-specific growth. Wagner's extensive experience aligns with NETSOL's vision for expanding its global presence and enhancing offerings in key industries. Ghauri, NETSOL Technologies CEO, is excited about Wagner's appointment, highlighting his role in expanding the company's footprint. Wagner looks forward to contributing to NETSOL's dynamic organization and driving continued success for global clients.
In December 2020, Naeem Ghauri, Co-Founder and President of Global Sales at NETSOL Technologies, as well as CEO of Otoz, assumed the role of President of NETSOL Technologies. In this newly established position, Ghauri oversees global operations, reporting directly to the Chairman and CEO. As President of NTI, he manages the Profit and Loss (P&L) of all subsidiaries and is tasked with devising a comprehensive strategy for marketing the Company's core business and innovative solutions.
In February 2018, NetSol Technologies and MotoLease jointly introduced LeasePak Cloud, a comprehensive cloud-based leasing and lending solution hosted on Microsoft Azure. This strategic move enhances flexibility for partners, enabling accelerated business generation and maintaining strong customer relationships.
NetSol Technologies Inc. Risks and Challenges
NetSol Technologies has room for expanding its market presence beyond the APAC region. The notable concentration of a substantial portion of the company's total revenue, accounting for 36.3%, from the contract with Daimler, emphasizes the need for diversification and exploration of new market opportunities.
NetSol Technologies Inc. Ecosystem, Partners, Resellers and SI
In October 2021, NETSOL Technologies unveiled an expansion of its strategic partnership with CGI, a leading IT and business consulting services firm in Europe. This agreement strengthens the ongoing collaboration between the two global IT service providers, primarily in the United Kingdom and the United States. Their collective objective is to offer NETSOL's state-of-the-art NFS Ascent platform to the global finance and leasing industry, supported by CGI's proficiency in local business consulting, IT integration, and managed service solutions.
In November 2019, NETSOL Technologies entered into a significant contract with SCI Lease Corp, a leading Canadian-based national automotive leasing company. The agreement pertained to the deployment of NETSOL's NFS Ascent Contract Management System (CMS) on the cloud. This notable contract signifies NETSOL's inaugural official sale of NFS Ascent in the North American market and marks the first Software-as-a-Service (SaaS) based arrangement for Ascent within this region.
NetSol caters to a prestigious clientele that includes Dow-Jones 30 Industrials and Fortune 500 manufacturers, as well as global financial institutions, vehicle manufacturers, and enterprise technology providers. This distinguished group of clients benefits from NetSol's extensive network of delivery locations situated around the globe.
Founded in 1997, NetSol is headquartered in Calabasas, California. Adhering to a global strategy for the sales and delivery of its comprehensive portfolio of solutions and services, the company strategically maintains regional offices across North America, Europe, and the Asia Pacific. NetSol upholds a pervasive presence with dedicated services, solutions, and sales-specific offices situated in key locations, including the USA, England, Pakistan, Thailand, China, Indonesia, and Australia.
NetSol Technologies Inc. Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
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