Netsol Technologies
Encyclopedia
History
NetSol Technologies, Inc. was founded in the year 1995 by three brothers; Salim Ghauri, Najeeb Ghauri, and Naeem Ghauri, each of whom was an accomplished professional in his own right. Having started with humble beginnings in the city of LahoreLahore
Lahore is the capital of the Pakistani province of Punjab and the second largest city in the country. With a rich and fabulous history dating back to over a thousand years ago, Lahore is no doubt Pakistan's cultural capital. One of the most densely populated cities in the world, Lahore remains a...
, NetSol soon grew to a sizable business having operations in Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
, Pakistan
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...
, Thailand
Thailand
Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...
, UK
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, and a headquarters in California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
, USA.
In 1996 NetSol got its big break, when it was awarded a major offshore contract with Mercedes Benz Thailand
Thailand
Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...
, many more such contracts were to follow. Focusing on quality NetSol went on to attain the ISO 9001 and ISO 27001 certifications in 1998 and 2008 respectively, and in 2006 it achieved CMMI Level 5 certification, a distinction shared by fewer than 100 companies worldwide.
NetSol was also the first US Company to dual list on both the NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
Capital Market and the Dubai International Financial Exchange DIFX, which became NASDAQ Dubai in 2008.
Time Line
1995- NetSol conceived and founded
1996
- Majyuyuact with Mercedes-Benz
1997
- Contracts with Tung Yung Leasing and Mercedes-Benz Thailand
1998
- ISO 9001 Certification
- IPO in USA
1999
- Listed on NASDAQ
2000
- Acquired Abraxas Australia
- Foundation laid for NetSol IT Village in Lahore
2003
- Achieved the NCR IT Excellence Award
2004
- Joint Venture with The Innovation Group (now Innovation Group), UK, to form TIG-NetSol (Pvt) Ltd.
- The product LeaseSoft (now NetSol Financial Suite) was awarded the Best of Financial Applications Award by the Pakistan Software Houses Association (P@SHA ICT Award)
- PSEB and NCR awards achieved for the Highest Software Exports for the year 2004
- Also achieved the Intel Outstanding Solution Provider Award
2005
- Acquired CQ Systems in UK
- First IT company in Pakistan to be listed on the Karachi Stock Exchange (KSE)
2006
- Assessed as a CMMI Level 5 company
- Acquired McCue Systems in USA
- Won the PASHA ICT Awards for:
- The Best IT/ITES Employer
- Best of e-Government and Services
- Best Revenue Growth
2007
- Awarded the Best Financial Industry Application Award for 2007 by Asia Pacific ICT Awards APICTA.
- NetSol ranked no. 19 in Deloitte's Technology Fast 50 Program for Los Angeles
2008
- New global headquarters in Emeryville, CaliforniaCaliforniaCalifornia is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
, USA - Global BestShoring™:
- The BestShoring™ business model allows NetSol to make optimal use of its global resource base in order to pass on this advantage to its customer in terms of quality and price. Through BestShoring™ NetSol can deliver an array of services from its delivery centers located in various parts of the world at a competitive rate and at the same time manage business relationships through a local onshore presence.
- Listed on NASDAQ Dubai
- ISO 27001 Certification
- Acquired Ciena Solutions LLC, thus bringing SAP Consulting Services into the product portfolio
2009
- Joint Venture with Atheeb Group, Saudi Arabia to form Atheeb NetSol Limited
- Joint Venture with Grupo Karims, Honduras to form NetSol GK Latin AmericaLatin AmericaLatin America is a region of the Americas where Romance languages – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...
- Partnership with Neptune Software plc, AfricaAfricaAfrica is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...