Netsol Technologies

NetSol Technologies

Type	Public NTWK
Industry	IT and Software Solutions
Founded	1995
Headquarters	California, United States of America
Key people	Salim Ghauri, President Asia Pacific Region and Director Naeem Ghauri, President European Region and Director Najeeb Ghauri, Chairman and CEO
Products	NetSol Financial Suite (NFS), e-CIB (Electronic Credit Information Bureau), MTMIS (Motor Transport Management Information System), LRMIS (Land Record Management Information System) and HMIS (Hospital Management Information System)
Employees	800+
Website	http://www.netsoltech.com

Netsol Technologies is a company.

History

NetSol Technologies, Inc. was founded in the year 1995 by three brothers; Salim Ghauri, Najeeb Ghauri, and Naeem Ghauri, each of whom was an accomplished professional in his own right. Having started with humble beginnings in the city of Lahore, NetSol soon grew to a sizable business having operations in Australia, China, Pakistan, Thailand, UK, and a headquarters in California, USA. In 1996 NetSol got its big break, when it was awarded a major offshore contract with Mercedes Benz Thailand, many more such contracts were to follow. Focusing on quality NetSol went on to attain the ISO 9001 and ISO 27001 certifications in 1998 and 2008 respectively, and in 2006 it achieved CMMI Level 5 certification, a distinction shared by fewer than 100 companies worldwide. NetSol was also the first US Company to dual list on both the NASDAQ Capital Market and the Dubai International Financial Exchange DIFX, which became NASDAQ Dubai in 2008.

Time Line

1995

• NetSol conceived and founded

1996

• Majyuyuact with Mercedes-Benz

1997

• Contracts with Tung Yung Leasing and Mercedes-Benz Thailand

1998

• ISO 9001 Certification
• IPO in USA

1999

• Listed on NASDAQ

2000

• Acquired Abraxas Australia
• Foundation laid for NetSol IT Village in Lahore

2003

• Achieved the NCR IT Excellence Award

2004

• Joint Venture with The Innovation Group (now Innovation Group), UK, to form TIG-NetSol (Pvt) Ltd.^[1]

• The product LeaseSoft (now NetSol Financial Suite) was awarded the Best of Financial Applications Award by the Pakistan Software Houses Association (P@SHA ICT Award)
• PSEB and NCR awards achieved for the Highest Software Exports for the year 2004
• Also achieved the Intel Outstanding Solution Provider Award

2005

• Acquired CQ Systems in UK
• First IT company in Pakistan to be listed on the Karachi Stock Exchange (KSE)

2006

• Assessed as a CMMI Level 5 company
• Acquired McCue Systems in USA
• Won the PASHA ICT Awards for:
• The Best IT/ITES Employer
• Best of e-Government and Services
• Best Revenue Growth

2007

• Awarded the Best Financial Industry Application Award for 2007 by Asia Pacific ICT Awards APICTA.
• NetSol ranked no. 19 in Deloitte's Technology Fast 50 Program for Los Angeles

^[2]

2008

• New global headquarters in Emeryville, California, USA
• Global BestShoring™:
• The BestShoring™ business model allows NetSol to make optimal use of its global resource base in order to pass on this advantage to its customer in terms of quality and price. Through BestShoring™ NetSol can deliver an array of services from its delivery centers located in various parts of the world at a competitive rate and at the same time manage business relationships through a local onshore presence.
• Listed on NASDAQ Dubai
• ISO 27001 Certification
• Acquired Ciena Solutions LLC, thus bringing SAP Consulting Services into the product portfolio

2009

• Joint Venture with Atheeb Group, Saudi Arabia to form Atheeb NetSol Limited
• Joint Venture with Grupo Karims, Honduras to form NetSol GK Latin America
• Partnership with Neptune Software plc, Africa

References

1. ^ "Joint Venture with The Innovation Group (now Innovation Group), UK, to form TIG-NetSol (Pvt) Ltd.". Market Wire. 2004. http://findarticles.com/p/articles/mi_pwwi/is_200412/ai_n8582130/. 
2. ^ "NetSol Technologies Ranked Number 19 in Deloitte's Technology Fast 50 Program for Los Angeles". http://www.equitygroups.com/nasd/ntwk/messages/125892.html.