NETSOL Technologies signs $50m contract extension with global auto captive

NETSOL Technologies, Inc. has signed a four-year contract extension valued at $50 million with a tier-one global automotive captive, extending a partnership that dates back to 1996, the company said.

The extension covers continued use of NETSOL’s Transcend Finance platform and includes maintenance and licensing fees. The total contract value is expected to be recognised over the four-year term and will contribute to recurring revenue.

The agreement builds on a long-standing multi-country engagement between the two companies. In 2015, NETSOL announced a contract worth more than $100 million to implement its platform across 12 markets, a deployment that remains in place under the renewed agreement.

Under the extension, the automotive captive will retain access to Transcend Finance’s end-to-end capabilities across the lease and loan lifecycle, supporting ongoing operations while addressing regulatory and market requirements.

Transcend Finance integrates originations, servicing and wholesale finance within a single platform. The system is built with a modular architecture intended to support scalability and adaptability for lenders, captives and commercial finance providers.

“Securing this $50 million extension is a significant milestone and a strong testament to the trust we have earned over nearly three decades of partnership,” said Naeem Ghauri, Co-Founder and President of NETSOL Technologies Inc.

“Since first engaging with them in 1996, we have grown together through changing economic cycles, regulatory shifts and technological evolution. Today, Transcend Finance powers their operations in 12 markets and this new multi-year extension underscores their confidence in our ability to deliver mission-critical solutions at global scale.”

“We are committed to supporting this long-standing partner’s strategic objectives and maintaining a powerful platform that aligns with future requirements,” said Asad Ghauri, Global Head of Sales and Group Managing Director at NETSOL Technologies Inc. “This renewal reflects not only our past performance, but also the shared ambition driving our continued success.”