NetSol Technologies has announced the expansion of its Beijing
operations. The leasing software provider hopes that its expanded
team will support the growth of the captive finance and automotive
industries in China.

Based on rising demand within the Chinese market for NetSol
Financial Suite, and following a series of local contract wins,
NetSol will hire 20 local enterprise systems engineers, sales and
support staff this year.

“The expansion of our presence in China and our locally-based
engineering team are playing vital roles in supporting our growing
Chinese customer base as well as our expanded sales and marketing
efforts to meet the needs of this high-growth region,” said Najeeb
Ghauri, chief executive of NetSol.

“With a robust outlook still projecting Chinese 2009 GDP growth
in the high single digits, NetSol remains committed to assisting
China’s captive finance industry to continue to flourish.”

Last month, NetSol announced a big win with a Chinese captive
finance company for its flagship software LeaseSoft.

Jason T Hesse

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