NetSol Technologies Signs MOU With Brasilinvest Group to Launch Joint Venture in Brazil

NetSol Technologies NTWK, a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced that it has signed a Memorandum of Understanding with the Brasilinvest Group, a large, pioneering private business development company based in Brazil, to form a software and IT services joint venture focused on serving the Latin American IT market. The new joint venture will leverage NetSol's platform of software products and services and the Brasilinvest Group's regional presence to capitalize on the growing demand for enterprise software solutions in Latin America. Under the terms of the MOU, the joint venture will be majority owned by NetSol and 40% owned by the Brasilinvest Group. Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. RODM, NetSol's financial advisor, facilitated the transaction.