NETSOL Technologies Limited (PSX: NETSOL) has further strengthened its position in the global automotive finance software market by signing a contract extension valued at approximately $50 million with a tier-one global auto captive.
This latest agreement marks another milestone in a partnership that spans nearly three decades, underscoring the long-standing trust between NETSOL and one of the world’s leading automotive finance players.
According to a notification submitted to the Pakistan Stock Exchange, the contract extends the customer’s use of NETSOL’s flagship Transcend Finance platform for an additional four years. The extension covers both maintenance and licensing services, ensuring continued operational support and platform enhancements.
The customer, described as a long-standing global auto captive, has been working with NETSOL since 1996. Over the years, this collaboration has evolved into a strategic partnership, with NETSOL playing a key role in supporting the client’s digital finance operations across multiple regions.
The new agreement builds on a previously announced multi-country contract exceeding $100 million, signed in 2015, under which NETSOL successfully deployed its Transcend Finance platform across 12 international markets. That deployment enabled standardized, scalable, and efficient lease and loan management operations worldwide.
With the renewed contract, the customer will continue to benefit from Transcend Finance’s end-to-end lease and loan lifecycle management capabilities, supporting everything from origination and servicing to collections and analytics.
Overall, this contract extension highlights NETSOL’s strong foothold in the global automotive finance software sector and reflects the company’s ability to deliver long-term value to tier-one clients through robust, mission-critical solutions.