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MENAFN Press - 19/11/2009

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(MENAFN Press) NetSol Technologies, Inc. NetSol(NASDAQ CM: 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 the signing of an Independent System Review (ISR) and Testing Services contract with BMW Group Financial Services “ Asia Pacific region. The contract calls for the comprehensive testing of a newly developed financial application suite to be deployed in more than eight countries in Asia Pacific and South Africa. The project is the second in a series of contracts signed by NetSols ISR services group with BMW after the successful delivery of ISR services to BMW Group Financial Services Japan last year.

Najeeb Ghauri, NetSol Technologies chairman and chief executive officer commented, Our latest follow on agreement with BMW reflects the expansion of our relationship with this valued global automotive customer and further reaffirms the rebound we are seeing in automotive sector, particularly in the Asia Pacific region. Our Independent System Review and Testing Services offering is an emerging business practice within NetSol as a Global Business Services provider. Developed and successfully deployed in the Asian market, we see opportunities to expand this offering within our North American, European and Middle Eastern geographies.

NetSols ISR and Testing Services enable customers to comprehensively assess developed applications prior to full systems migration, ultimately identifying application problems and bottlenecks before an application engages a full scale deployment. NetSols ISR group provides systems audits that not only cover conformity to specifications but also compliance with end user requirements and business needs. The process can drastically improve the propensity for a successful application launch, reduce deployment risk and improve customer satisfaction, all positively contributing to cost reduction initiatives and recurring business.


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