Auto leasing software provider NetSol Technologies Inc. in Calabasas announced Tuesday that it has expand its partnership with consulting firm CGI.
The agreement, which builds on the companies’’ collaboration in the U.K. and U.S., offers NetSol’s NFS Ascent platform to the global finance and leasing industry. The platform supports the entirety of the client, product and contract management lifecycle.
“This important and expanded partnership will be most impactful to our joint customers in the commercial, finance and leasing sectors. With CGI’s expertise, we expect to accelerate and maximize the value proposition from IT investments and deliver the results our customers need to streamline and grow their businesses,” Najeeb Ghauri, NetSol’s chief executive, said in a statement.
NetSol and CGI’s partnership dates back to 2019, when the collaboration’s goal was to help NetSol provide its first cloud managed service for the NFS Ascent platform, which ensures that leasing organizations comply with tax regulations in addition to local client acceptance, product and finance and credit risk policies.
“CGI has longstanding relationships with leading financial services providers in Europe, based on in-depth industry knowledge, independent advice and a consistent delivery track record,” Joe Knightly, CGI Netherland’s vice president of consulting services, said in a statement. “Partnering with NetSol enables us to enhance our offering with the best-in-class turnkey solution for our customers.”
Shares of NetSol (NTWK) closed up 1 cent, or a fraction of a percent, to $4.58 on the Nasdaq Tuesday, a day when the market also closed up a fraction of a percent.