NETSOL Technologies, Inc. has signed an agreement with a major global automotive company for its operations in China. The $12 million, five-year contract is for the deployment of NETSOL’s technology platform NFS Ascent.

Najeeb Ghauri (pictured), Chief Executive Officer of NETSOL Technologies, Inc., commented, “This selection is a validation of the superior performance and reliability of our products, specifically NFS Ascent, a cutting-edge solution capable of supporting large clients on a global scale.

“We’re energised by this contract with a leading automotive company in one of their key markets and look forward to providing support across their China-based operations.”

NETSOL commenced implementation in the second quarter of fiscal 2024 and realised a portion of this contract in licensing fees during that quarter.