NETSOL signs multi-million-dollar agreement with Sindbad Management SPC in Oman for the implementation of Transcend Finance
NETSOL Technologies (NTWK) has secured a multi-million-dollar agreement with Sindbad Management SPC in Oman for implementing Transcend Finance. The deal includes Point-of-Sale, Credit Underwriting, and Contract Management solutions for end-to-end operations.
Sindbad Management, a Muscat-based company, specializes in big-ticket asset financing and leasing for marine vessels, aircraft, machinery, equipment, and vehicles in Oman and other countries. The agreement features a scalable pricing model that grows with business volume, allowing for cost efficiencies and multi-country expansion under the same pricing structure.
This strategic partnership marks NETSOL's significant entry into the Middle East market, with the implementation aimed at enhancing operational efficiency and customer service for both corporate and consumer levels.
NETSOL Technologies (NTWK) ha ottenuto un accordo multimilionario con Sindbad Management SPC in Oman per l'implementazione di Transcend Finance. L'accordo include soluzioni per il Punto Vendita, la Valutazione del Credito e la Gestione dei Contratti per operazioni complete.
Sindbad Management, un'azienda con sede a Muscat, si specializza nel finanziamento e nel leasing di beni di alto valore per navi, aerei, macchinari, attrezzature e veicoli in Oman e in altri paesi. L'accordo prevede un modello di prezzo scalabile che cresce con il volume d'affari, consentendo efficienze nei costi e un'espansione multi-paese sotto la stessa struttura di prezzo.
Questa partnership strategica segna un'importante entrata di NETSOL nel mercato del Medio Oriente, con l'implementazione mirata a migliorare l'efficienza operativa e il servizio clienti sia a livello aziendale che consumer.
NETSOL Technologies (NTWK) ha asegurado un acuerdo multimillonario con Sindbad Management SPC en Omán para implementar Transcend Finance. El acuerdo incluye soluciones de Punto de Venta, Evaluación de Crédito y Gestión de Contratos para operaciones de extremo a extremo.
Sindbad Management, una empresa con sede en Mascate, se especializa en financiamiento y arrendamiento de activos de alto valor para embarcaciones marinas, aeronaves, maquinaria, equipos y vehículos en Omán y otros países. El acuerdo presenta un modelo de precios escalable que crece con el volumen de negocios, permitiendo eficiencias de costos y expansión en múltiples países bajo la misma estructura de precios.
Esta asociación estratégica marca una entrada significativa de NETSOL en el mercado de Medio Oriente, con la implementación destinada a mejorar la eficiencia operativa y el servicio al cliente tanto a nivel corporativo como de consumidor.
NETSOL Technologies (NTWK)는 오만의 Sindbad Management SPC와 함께 Transcend Finance를 구현하기 위한 수백만 달러 규모의 계약을 체결했습니다. 이 계약에는 종합 운영을 위한 판매 시점(Point-of-Sale), 신용 심사, 계약 관리 솔루션이 포함됩니다.
무스카트에 본사를 둔 Sindbad Management는 오만 및 기타 국가에서 해양 선박, 항공기, 기계, 장비 및 차량에 대한 고가 자산 금융 및 임대 전문 기업입니다. 이 계약은 비즈니스 규모에 따라 성장하는 확장 가능한 가격 모델을 특징으로 하여 비용 효율성과 동일한 가격 구조 하에 다국적 확장을 가능하게 합니다.
이 전략적 파트너십은 NETSOL이 중동 시장에 본격적으로 진출하는 중요한 이정표가 되며, 구현 목표는 기업 및 소비자 수준 모두에서 운영 효율성과 고객 서비스를 향상시키는 것입니다.
NETSOL Technologies (NTWK) a sécurisé un accord de plusieurs millions de dollars avec Sindbad Management SPC à Oman pour la mise en œuvre de Transcend Finance. L'accord comprend des solutions de Point de Vente, d'Évaluation de Crédit et de Gestion de Contrats pour des opérations de bout en bout.
Sindbad Management, une entreprise basée à Mascate, se spécialise dans le financement et la location d'actifs de grande valeur pour les navires marins, les avions, les machines, les équipements et les véhicules à Oman et dans d'autres pays. L'accord présente un modèle de tarification évolutif qui croît avec le volume d'affaires, permettant des économies de coûts et une expansion multi-pays sous la même structure tarifaire.
Ce partenariat stratégique marque une entrée significative de NETSOL sur le marché du Moyen-Orient, avec l'objectif d'améliorer l'efficacité opérationnelle et le service client tant au niveau des entreprises que des consommateurs.
NETSOL Technologies (NTWK) hat einen multimillionenschweren Vertrag mit Sindbad Management SPC im Oman zur Implementierung von Transcend Finance gesichert. Der Vertrag umfasst Lösungen für den Verkaufsort (Point-of-Sale), Kreditbewertung und Vertragsmanagement für umfassende Abläufe.
Sindbad Management, ein in Maskat ansässiges Unternehmen, ist auf die Finanzierung und das Leasing von hochpreisigen Vermögenswerten für Marinefahrzeuge, Flugzeuge, Maschinen, Ausrüstungen und Fahrzeuge im Oman und anderen Ländern spezialisiert. Der Vertrag bietet ein skalierbares Preismodell, das mit dem Geschäftsvolumen wächst und Kosteneffizienzen sowie eine Expansion in mehrere Länder unter derselben Preisstruktur ermöglicht.
Diese strategische Partnerschaft markiert NETSOLs bedeutenden Eintritt in den Markt des Nahen Ostens, wobei die Implementierung darauf abzielt, die betriebliche Effizienz und den Kundenservice sowohl auf Unternehmens- als auch auf Verbraucherebene zu verbessern.
- Multi-million dollar contract secured
- Scalable pricing model ensures revenue growth with client's business expansion
- Strategic entry into Middle East market
- Potential for multi-country expansion under same contract
- None.
Insights
NETSOL Technologies has secured a multi-million-dollar agreement with Sindbad Management SPC, representing a strategic expansion into the Middle East's asset finance market. For a company with a modest
The contract's structure reveals two significant value drivers: (1) A scalable pricing model tied to business volume, creating potential for expanding recurring revenue without proportional cost increases; and (2) Cross-border scalability allowing Sindbad to expand into multiple countries under the same pricing framework, effectively making NETSOL a technology partner in their regional growth strategy.
This agreement targets the high-margin big-ticket asset financing segment (marine vessels, aircraft, machinery) rather than just traditional auto leasing, suggesting NETSOL's platform has demonstrated versatility across asset classes. The comprehensive implementation covering Point-of-Sale through Contract Management indicates a full-stack deployment rather than a partial solution.
For investors, this validates NETSOL's international expansion strategy and potentially establishes a reference customer for the Middle East region. The deal's significance extends beyond immediate revenue impact - it creates a showcase implementation that could accelerate regional adoption among other financial institutions, particularly as Middle Eastern countries continue diversifying their economies beyond oil dependence.
This contract demonstrates NETSOL's technical capability to execute on the increasingly important "land and expand" SaaS strategy in the fintech sector. The implementation architecture reveals sophisticated multi-tenant capabilities that allow Sindbad to operate across jurisdictions while maintaining regulatory compliance – a significant technical challenge in financial services.
What's particularly notable is the platform's asset-class flexibility. Supporting financing workflows for complex assets like marine vessels and aircraft requires fundamentally different underwriting models, depreciation calculations, and contract structures compared to standard vehicle leasing. This suggests NETSOL has developed a highly parameterized system with robust configuration capabilities rather than merely a template-based solution.
The scalable pricing model indicates a transaction-based revenue approach rather than traditional license fees, aligning NETSOL's financial incentives with their customer's business growth. This pricing structure requires sophisticated usage monitoring and billing systems on the backend.
From a market positioning perspective, this implementation positions NETSOL against both global enterprise players like Oracle Financial Services and regional specialists. The Middle East represents a technically challenging market due to its unique regulatory requirements and often complex integration needs with legacy systems.
For investors tracking implementation progress, key technical milestones will include completion of data migration, integration with Sindbad's existing systems, and ultimately transaction volume flowing through the platform – typically the true measure of successful financial software deployment.
ENCINO, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, has signed an agreement with Sindbad Management SPC – A major Muscat-based company which provides big-ticket asset financing and leasing covering various asset types such as marine vessels, aircrafts, machinery and other equipment, alongside vehicles in Oman and other countries.
The contract signing is for the deployment of NETSOL’s Transcend Finance, which includes Point-of-Sale, Credit Underwriting and Contract Management covering end-to-end operations.
The customer chose a scalable pricing model that is designed to grow in tandem with their business volume. This approach ensures that as their operations expand, the pricing structure remains flexible, allowing for cost efficiencies and adjustments based on their increasing demands, allowing the addition of multiple countries to the same pricing model.
“We are thrilled to announce the signing of a new contract agreement with Sindbad Management SPC in Muscat, Oman, marking major inroads into the Middle East market,” said Najeeb Ghauri, Founder and CEO of NETSOL Technologies Inc. “This strategic agreement is a testament to the growing demand for innovative technology in the asset finance and leasing industry. By integrating Transcend Finance into their operations, covering both corporate and consumer levels, we are confident that they will experience enhanced operational efficiency, greater scalability and improved customer service.”
“Leveraging our technology for their high-value finance and leasing operations, the customer plans to expand into multiple countries, with the assurance that our proven platform, alongside multiple asset types, is able to accommodate multiple markets,” he added. “The successful implementation of this project will serve as a model for future collaborations in the Middle East, reinforcing our commitment to expanding our footprint and delivering world-class technology solutions to a region that is ripe for growth and innovation,” he added.
About NETSOL Technologies
NETSOL Technologies is a global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, serving automotive and equipment OEMs, auto captives and financial institutions across over 30 countries. Since its inception in 1996, NETSOL has been at the cutting edge of technology, pioneering innovations with its asset finance solutions and leveraging advanced AI and cloud services to meet the complex needs of the global market. Renowned for its deep industry expertise, customer-centric approach and commitment to excellence, NETSOL fosters strong partnerships with its clients, ensuring their success in an ever-evolving landscape. With a rich history of innovation, ethical business practices and a focus on sustainability, NETSOL is dedicated to empowering businesses worldwide, securing its position as the trusted partner for leading firms around the globe.
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