NETSOL Technologies, Inc. (Nasdaq: NTWK), a global leader in asset finance and leasing industry solutions, has announced a landmark $16 million agreement with a major automaker to revolutionize digital car buying and leasing in the United States. The five-year contract will involve the customization, implementation, and deployment of NETSOL’s cutting-edge omnichannel digital retail platform, Otoz, alongside an ongoing SaaS subscription.

Naeem Ghauri, President of NETSOL Technologies and Founder of Otoz, expressed enthusiasm about the collaboration:

“We are thrilled to work with one of the world’s leading automakers to enhance the car sales and purchase process for their dealerships and customers. Building off the recent US-market traction with MINI Anywhere and AutoNation Mobility, this new partnership is a monumental milestone for the Otoz platform, underscoring the transformative potential of NETSOL’s competence in redefining digital retail experiences and aligning with the evolving demands of the automotive sector.”

Highlighting the aggressive growth in the US automotive OEM and dealerships segment, Ghauri added, “We anticipate further growth and development for Otoz in this fiscal year and beyond. We are uniquely positioned to capture market share with comprehensive solutions spanning from digital retail to auto finance.”

NETSOL’s Otoz platform, known for its headless, API-first architecture, promises unparalleled flexibility and seamless integration with dealerships’ essential operations, maintaining top-tier security and compliance standards.

About NETSOL Technologies

NETSOL Technologies is a global pioneer in delivering advanced solutions for the asset finance and leasing industry, serving automotive OEMs, autocaptives, and financial institutions in over 30 countries. Since 1996, NETSOL has been at the forefront of technology, leveraging AI and cloud services to meet the complex needs of the global market. Renowned for its industry expertise, customer-centric approach, and commitment to excellence, NETSOL fosters strong client partnerships, ensuring success in a dynamic landscape. With a legacy of innovation, ethical practices, and a focus on sustainability, NETSOL continues to empower businesses worldwide, solidifying its position as a trusted partner for leading firms globally.

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