Net Sol Technologies, an innovative software company catering to Fortune 500 Companies is planning a global take over. With operations already in Adelaide, Australia; Beijing; Bangkok; Lahore, Pakistan; London; San Francisco and a joint venture in Riyadh, Kingdom of Saudi Arabia Net Sol is well on its way to providing software and other IT services to the world at large.
Netsol provides software to a number of sectors and industries, specifically financial services, health and life sciences, manufacturing, public sector, land management, energy and utilities, government programs, and insurance. As proof of the global pervasiveness of their products, in 2008, NetSol became the first U.S. Company to dual-list on the NASDAQ OMX and the Dubai International Financial (NASDAQ DUBAI) exchanges. The reason: to expand its brand
visibility and investor base in the United Arab Emirates and the Middle East at large.
“These countries are historically more cash transaction-focused economies, relying less on credit,
loans, leases or mortgages,” C.E.O Najeeb Ghauri explains of the Middle East. “However, younger people who are educated overseas are bringing these models back to the Middle East from the U.S. and Europe, so demand for our services is starting to grow there.”
Net-Sol plans on taking full advantage of the changing landscape by continuing to expand on their joint ventures currently in place there. Besides reaching out to customers in emerging markets, the company is also doing more to reach customers in mature markets, especially the United States. In fact, according to Ghauri, even though the United States is going through a difficult time, long term he sees it becoming the company’s biggest market. “All the
major players in this country are looking for ways to minimize their IT costs,” he say, confident that Net Sol is the key to making that happen.
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