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Leasing software developer NetSol Technologies announced that its flagship LeaseSoft product suite for asset finance, lease accounting and portfolio management has been recognised as the Best Financial Industry Application Award for 2007.

The company was honoured with the award at the Asia Pacific ICT Alliance (APICTA) Awards in Singapore.

APICTA is one of the largest Information and Communications Technology (ICT) associations in the Asia Pacific region with 20 member countries including Australia, China, Hong Kong, India, Korea, Malaysia, Pakistan, Singapore, among others.

From a pool of 15 nominees, LeaseSoft was declared the winner by an international panel of judges. In choosing a winner, APICTA judges examined a wide range of factors including uniqueness of the offering, market potential, state of the art functionalities and features, quality and application technology as well as a presentation of the offering from the respective developers.

Commenting on the award, Salim Ghauri, president Netsol Technologies Inc. Asia Pacific, remarked, “We are pleased that our hard work developing LeaseSoft has been recognised by such a distinguished panel of international industry experts. APICTA’s ‘Best Financial Industry Application Award’ reaffirms that NetSol’s LeaseSoft is the product of choice for the Leasing and Finance industry across the Asia-Pacific region.” LeaseSoft is an end-to-end automated solution for the asset-based leasing and finance industry.

LeaseSoft is designed to be fully configurable to meet the needs of disparate regions and industries, and support multi-asset and multi-lingual environments. The LeaseSoft application provides a fully automated asset-based finance solution covering the full leasing/finance lifecycle.