To Enhance their reach in the auto captive and general leasing space in India and APAC
New Delhi, May 29, 2012 – NEC India and NetSol Technologies Thailand have signed a strategic partnership agreement that will enable both companies to complement their key strengths and jointly develop and support businesses in the asset finance & leasing industry in the growing Indian market, while helping both companies to take their services to other key markets in the Asia Pacific region.
NEC is a global technology solutions provider to major financial institutions, automotive and heavy equipment manufacturing companies. With this partnership, NEC will now support NetSol‘s growing customer base by setting up Captive Finance Units, Asset Finance and General Lending operations. NEC chose NetSol as its strategic partner for this initiative given its vast experience and global client base in the auto captive & general leasing space. NEC also plans to utilize NetSol’s successful technology platform ‘NetSol Financial Suite’ (NFS), to support the lending industry across the Asia Pacific region where it currently manages client portfolios exceeding $100 Billion.
Commenting on the alliance, Mr. Koji Oda, Managing Director, NEC India said, “Our partnership with Netsol is of strategic importance to us. Collaborating with NetSol will help us to support the growth plans of our global customers in India and in the APAC region. With this, we also look forward to providing local assistance to NetSol’s existing customers in India.”
On the occasion, Mr. Salim Ghauri – Chairman & CEO of NetSol Technologies Ltd., President Asia Pacific Region said, “We are pleased to partner with NEC India and initiate this mutual access to wealth of experience and key industry relationships. It is our goal to provide the best in product & services and this partnership will enhance both NEC and NetSol’s mutual position not only in India but throughout the Asia Pacific region.”
About NEC Corporation
NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company’s experience and global resources, NEC’s advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com
About NEC India Pvt. Ltd.
NEC India Pvt. Ltd, established in New Delhi, India, in August 2006, leverages on NEC's unique capabilities in integrating Information Technology and networking technologies for a diverse customer base across governments, businesses, individuals and society in India. NEC India provides and develops solutions for Carrier Network, Unified Communications, Retail, Security and Surveillance Systems, Information Technology and Multimedia Products to cater to the rapidly expanding Indian market.
NEC is a registered trademark of NEC Corporation. All Rights Reserved. Other product or service marks mentioned herein are the trademarks of their respective owners. ©2012 NEC Corporation.
About NetSol Technologies
NetSol Technologies, Inc. (www.netsoltech.com) is a worldwide provider of global IT and enterprise application solutions that include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets. Headquartered in Calabasas, Calif., NetSol’s product and services offerings have achieved ISO 9001, ISO 20000, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by only 178 companies worldwide. The company’s clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. NetSol has delivery and support locations in San Francisco, London, Beijing, Bangkok, Lahore, Adelaide and Riyadh.
NEC Asia Pacific