NETSOL Technologies Extends $50M Contract With Tier-One Global Auto Captive; Total Contract Value Is Expected To Be Recognized Over The 4-Year Term And Will Support Recurring Revenue

NETSOL Technologies, Inc. (NASDAQ:NTWK), a provider of AI-enabled solutions and services enabling OEMs, dealerships and financial institutions to sell, finance and lease assets, has signed a $50 million contract extension with a tier-one global auto captive, a long-standing customer with whom the company has maintained a strategic partnership since 1996. The total contract value is expected to be recognized over the four-year term and will support recurring revenue.

The agreement extends the customer's use of Transcend Finance and includes maintenance and licensing fees. The new contract builds on NETSOL's earlier multi-country engagement, originally announced in 2015, when a contract was signed for over $100 million, under which NETSOL successfully implemented its platform across 12 markets.

With this extension, the customer secures ongoing access to Transcend Finance's end-to-end lease and loan lifecycle capabilities, ensuring continued operational efficiency and adherence to evolving regulatory and market demands.

Transcend Finance unifies originations, servicing and wholesale finance. Designed for scalability and flexibility with modular architecture, it enables lenders, captives and commercial financiers to accelerate digital transformation, launch new business models and manage the complete finance lifecycle.