Shares of NETSOL Technologies, Inc. (NASDAQ:NTWK) jumped 6% on Thursday following the company’s announcement of a multi-million-dollar contract with a prominent Australian captive finance firm of Japanese origin.
The agreement spans five years and operates on a monthly recurring revenue model, covering the rollout of NETSOL’s Transcend Finance platform across operations in both Australia and New Zealand. This contract strengthens a long-standing global partnership that began in 2008.
NETSOL’s Transcend Finance platform delivers comprehensive lifecycle management, digital engagement tools, and compliance support for automotive finance providers. The deployment will include a dedicated on-site team to assist the client’s internal staff throughout the project implementation.
“This agreement marks a major milestone in NETSOL’s continued expansion in the Asia-Pacific region, reaffirming the company’s position as a trusted partner to the world’s top automakers and their financial arms,” said Najeeb Ghauri, Founder and CEO of NETSOL Technologies.
The deal involves both upgrades to existing systems and new deployments, replacing competitor solutions across the region. Analysts view this as a significant achievement for NETSOL in the highly competitive automotive finance technology sector.
NETSOL Technologies stock price
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