This deployment represents NETSOL’s quickest ever implementation, which was done in under 15 weeks

CALABASAS, Calif., June 30, 2022 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a worldwide business services and enterprise application solutions provider to the global asset finance and leasing industry, has announced the Go-Live of their premier, next-generation platform NFS Ascent Omni Point of Sale (Omni POS) on the cloud for Maple Commercial Finance Pty Ltd (Maple) in Australia. The client is a fast-growing asset finance startup headquartered in Sydney.

“It gives me great pleasure in announcing our Go-Live with Maple,” said Asad Ghauri, President, NETSOL Technologies, Asia-Pacific and Group MD Europe, NETSOL Technologies Europe. “Maple has opted for Ascent’s Omni POS as a broker portal for managing the end-to-end origination process. By implementing on the cloud, they benefitted from a seamless and swift deployment process with the ability to scale on demand in the future. Further, by opting for a cloud native approach, the client benefitted from not having to pay any upfront license fees. This deployment represents the quickest ever implementation in NETSOL’s history.”

“We have delivered fast-paced and cost-effective solutions to different local markets across the world. With specific focus on the Australian market, NETSOL ensured its solution for Maple was closely aligned with local requirements and expectations,” he added.

“With cloud hosting and managed services using an agile delivery approach, speed to market proved to be much faster, with a lower cost and reduced risk for the client,” he further stated. “As NETSOL continues to maintain its unsurpassed 100% implementation success rate (worldwide), the deployment time for each project has been decreasing. The implementation for this client witnessed a 60% decrease in deployment time and a 40% reduction in costs.”

“We chose to work with NETSOL after an extensive evaluation process where they proved their ability to adapt to our needs as a fast-growing and nimble startup. Throughout the project, the team supported our requirements and delivered on their commitments in a timely and efficient manner,” said Ben Kennedy, Chief Operating Officer from Maple.

About NETSOL Technologies NETSOL Technologies, Inc. (Nasdaq: NTWK) is a worldwide provider of IT and enterprise software solutions primarily serving the global finance and leasing industry. The company’s suite of applications is backed by 40 years of domain expertise and supported by a committed team of more than 1300 professionals placed in eight strategically located support and delivery centers throughout the world. NFS, LeasePak, LeaseSoft or NFS Ascent® – help companies transform their finance and leasing operations, providing a fully automated asset-based finance solution covering the complete finance and leasing lifecycle.

About Maple Commercial Finance Maple is a modern finance company set out to make an impact on the asset finance market. Our philosophy centers around simplifying access to finance products that today’s businesses need.

Specialties Asset Finance, Commercial Lending, Partnerships, Intermediaries, Equipment Finance, and Funding.

Forward-Looking Statements This press release may contain forward-looking statements relating to the development of the Company's products and services and future operating results, including statements regarding the Company that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words “expects,” “anticipates,” variations of such words, and similar expressions identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of products and services and the timing of the market acceptance. The subject Companies expressly disclaim any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.

Investor Relations (818) 222-9195 investors@netsoltech.com

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