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Tuesday, Nov 5, 2024

NetSol Installs Software for U.K. Financier

NetSol Technologies Inc. has completed a major installation of its financing and leasing software for Aldermore Asset Finance in the United Kingdom. The Calabasas company set up its LeaseSoft V8 program and migrated Aldermore’s loan and lease portfolio to LeaseSoft files. Aldermore made about $1.3 billion in new financing last year. “Aldermore and NetSol teams have worked tirelessly to deliver this critical project in an especially short timeframe and with minimal business disruption,” Carl D’Ammassa, group managing director at Aldermore Bank, said in a statement. “Investment of this kind is critical to help enhance our service to customers and broker partners and further underpins our ambitions for our asset finance business.” Aldermore specializes in commercial loans and leases for industrial plants, machinery, office technology and other equipment. NetSol announced the agreement Friday. Shares closed Monday down 10 cents or 1.4 percent to $7.24 on the Nasdaq.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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