NETSOL eyes European market share with closer ties to CGI

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ETSOL Technologies, an IT and service provider for the global asset finance sector, has announced a partnership with CGI in Europe, which builds on the pre-existing collaboration between the two IT service providers in the UK and the US, the company said in a statement.

The two companies have teamed up to offer Netsol's NFS Ascent platform to the global finance and leasing industry, supported by CGI's local business consulting, IT integration, and managed service solutions.

In a press release, NETSOL said: "Ascent supports cross-border, international operations in complex corporate and operating structures. Its multi-tenant capabilities help asset-based finance organizations ensure compliance with local tax and regulatory regimes as well as local client acceptance, product, finance and credit risk policies.

It added: "CGI leverages its client proximity model to support clients with the right blend of skills and on-and-off-shore resources throughout the selection, contracting, implementation and operation of the NFS Ascent solution; these offerings include business consulting, IT integration, infrastructure and BPM services.

Joe Knightly, vice-president, consulting services at CGI Netherlands, said: "CGI has longstanding relationships with leading financial services providers in Europe, based on in-depth industry knowledge, independent advice and a consistent delivery track record. Partnering with NETSOL enables us to enhance our offering with the best-in-class turnkey solution for our customers.”