Investor Updates
NetSol expands footprint in Australia
19 April 2013
California-based NetSol Technologies has opened an office in Sydney, a move it said would help capture a bigger share of a growing segment of the IT equipment-leasing market.
In opening its second office in Australia after Adelaide, NetSol said it hoped to expand its share of the country’s broad equipment finance sector.
“Australia is a very attractive market for us, with leasing growing at a double-digit pace over the last year,” NetSol chief executive Najeeb Ghauri said.
“Our expansion is part of an initiative to capture this growing market and provide customers with a greater level of service,” Mr Ghauri said.
According to the Australian Equipment Lessors Association, the value of new equipment financed in Australia in 2012 was $43.8 billion, an increase of 15 per cent from the previous year. New business volumes also rose.
“As a whole, the move is part of our strategic growth initiatives as we expand to serve increased customer requirements, higher demand for our core leasing solution, and sales and marketing activities throughout the Asia-Pacific region,” Mr Ghauri said.
NetSol Technologies is a worldwide provider of global IT and enterprise application solution. It is headquartered in Calabasas, California, and has delivery and support locations in San Francisco, London, Beijing, Bangkok, Lahore, Adelaide and Riyadh.
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