NetSol Tech. (NTWK) Selected by Netherlands-Based Company to Implement Wholesale Finance System

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July 6, 2009 8:51 AM EDT

NetSol Technologies, Inc. (NASDAQ: NTWK) today announced that a Netherlands-based company, focused on the wholesale commercial finance sector, has selected NetSol's Wholesale Finance System offering, within the NetSol Financial Suite, for their Channel Finance business in Europe.

Naeem Ghauri, President and Head of Global Sales for NetSol Technologies Inc., commented, "We are delighted to announce this new European client win for our Wholesale Finance System suite. By working in close partnership with our new client we will deliver robust wholesale finance system capabilities to handle many different types of assets, as well as combining our invoice financing functionality into a single, fully integrated, solution. Europe is a market with huge potential for channel finance and NetSol's multi-asset, multi-lingual, and multi-party system is uniquely designed to help our client realize exceptional results in a highly flexible environment."