SHFL to upgrade to latest version of NetSol's LeaseSoft asset management solution

NetSol Technologies, Inc. ("NetSol" or "Company") (Nasdaq:NTWK) (Nasdaq Dubai:NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced that the Company has signed a LeaseSoft license upgrade agreement with Singers Healthcare Finance Limited ("SHFL"), one of the UK's leading providers of leasing solutions to the healthcare industry.

Under the terms of the agreement, SHFL will upgrade to the latest version of NetSol's LeaseSoft asset management solution. The upgrade will provide SHFL with a large number of functionality enhancements, including specific enhancements to support SHFL's expanding business within the healthcare equipment leasing industry.

Susan Hinton-Smith, CEO of SHFL, commented: "We have enjoyed a successful relationship with NetSol, and this upgrade agreement is made in the certain knowledge that NetSol delivers on its promises. During our time working with NetSol, we have always found them to be refreshingly open and honest. Their consultants thoroughly understand our business, and the Company's approach has always been flexible and commercially realistic. We view NetSol as a partner, and we look forward to extending that partnership in the years ahead."

Naeem Ghauri, CEO and Head of Global Sales for NetSol Technologies Europe, commented: "We are delighted that SHFL has decided to work with us for their system upgrade project. We are immensely proud of our customer base and the longstanding relationships we develop. SHFL's decision is proof that, as a business, we are in tune with our customers, have deep domain expertise and provide a strong solution, service and support package. It is gratifying to win a new customer, but equally as important to know that our existing customers are happy to come back for more."

NetSol's LeaseSoft solution is a premium suite of asset-based leasing software that improves business processes by providing fast and convenient solutions capable of dealing with multi-asset and multi-lingual environments. LeaseSoft is a component of NetSol's flagship Financial Suite (NFS^TM) end-to-end lifecycle solution.