CALABASAS, Calif., Dec. 15, 2020 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK) a global business services and enterprise application solutions provider, has appointed Co-Founder, President of Global Sales and CEO of Otoz Naeem Ghauri, to serve as President of NETSOL Technologies, Inc. (NTI), effective immediately.

"As head of global sales, Naeem has led teams focused on spearheading innovative growth initiatives, identifying accretive M&A targets and working with global partners to close our largest historical deals," said Najeeb Ghauri, NETSOL Co-Founder, Chairman and Chief Executive Officer. "With this newly created role, we'll be expanding his responsibilities into additional areas of the business with the goal of driving consistent topline growth, which should lead to increased profitability as we look to expand our footholds in key regions outside of APAC, namely Europe and North America."

Naeem Ghauri, President of NETSOL Technologies, added: "I appreciate this vote of confidence from the NETSOL board and leadership team and am looking forward to the opportunity to increase my involvement with our global operations on all levels. In the same way we saw an opportunity over 20 years ago to provide a leading technology solution for the nascent online auto finance market, I believe we now have a great opportunity to do the same for the new mobility economy. In addition to the innovative work we're continuing to do at Otoz, we continue to maintain some of the strongest industry relationships with international, blue-chip organizations using our core business. Leveraging both of these competencies will be my main focus as we build NETSOL for its next phase of growth. One of my immediate targets is to continue to grow our subscription revenues, which are already emerging as our biggest growth segment. SaaS revenues, together with innovation initiatives, would be our most exciting story in the coming quarters."

About NETSOL Technologies
NETSOL Technologies, Inc. (NASDAQ:NTWK) is a worldwide provider of IT and enterprise software solutions primarily serving the global leasing and finance industry. The Company's suite of applications is backed by 40 years of domain expertise and supported by a committed team of more than 1300 professionals placed in eight strategically located support and delivery centers throughout the world. NFS, LeasePak, LeaseSoft or NFS Ascent^® – help companies transform their Finance and Leasing operations, providing a fully automated asset-based finance solution covering the complete finance and leasing lifecycle.

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