NetSol (NTWK) to Implement CAPCMS Modules with Southeast Asia Finance Co.

May 23, 2013 7:09 AM EDT
NetSol Technologies, Inc. (Nasdaq: NTWK) announced that it has signed an agreement to implement NetSol Financial Suite's Credit Application Processing and Contract Management System modules with a leading multi-finance company in Southeast Asia, which currently manages more than one million live contracts generated through its network of 1,000+ dealerships.

The new agreement is valued at more than $4 million for the first phase of development and includes product licenses, business processes consulting fees and on-site implementation services. Additional revenue streams include maintenance, support and product enhancements. The name of the company was not disclosed as per the customer's request.

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