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I'm still holding the shares I bought at 62 cents in February
you back in this yet?
NTWK getting ready for a comeback, who else is in this? Let's get this board alive and kickin' again!!! =D GLTA
Not right now, still on my radar though.
still in this one?
NetSol Technologies Announces Cost Cutting Program to Reduce Expenses by $4 Million Annually and Support a Targeted Return to Profitability
Thursday March 5, 2009, 8:30 am EST
http://finance.yahoo.com/news/NetSol-Technologies-Announces-iw-14551793.html
looking through the presentation, doesn't look as bad as I thought, but they still have some challenges, especially now that the pps has been destroyed
Some steps they are taking
Streamlining & Efficiency Measures
• CEO and top officers
– Salaries cut up to 15%
– Earned cash bonuses and stock options scheduled to be paid out in early
2009 returned to the company
• 10% reduction in global employees
• Consolidation of California offices into Emeryville headquarters
• Closure of two satellite offices in Karachi and Rawalpindi
• Freeze on capital expenditure for the remainder of fiscal 2009
They have $5mil in restricted cash, so actually have a bit more. They also have increase in A/R that will help, if they can collect.
Tangable book is still around 70 cents a share
Maybe they do ? Cash went down from 9 mio to 5 mio, I believe.
traded like they were going bankrupt today, lol. Wonder who the sellers were? Retail, or smart money
That's a bummer, can't win them all.
That's a bummer, can't win them all.
not yet, I was trying to sell the open at .64
darn, bad bet on my part:
NETSOL TECHNOLOGIES INC
Price: 0.4199 -0.2301 -35.40%
Bid: 0.38 [+]
Ask: 0.42
Open: 0.6501
Volume: 123,602
Not looking good, did you bail?
I think a lot of restricted shares became available
I guess we will find out shortly, earnings should be released today
when did the float go from 14m to 26 million ??????
OK, I'm back in at 62 cents
What is your charts telling you?
NetSol Technologies Inc.(NCM: NTWK)
NEW Real-time: 0.6811 0.0588 (7.95%) 1:06pm EThelp
Last Trade: 0.6810
Trade Time: 12:50PM ET
Change: 0.0589 (7.96%)
Don't know, .76 may be as low as it goes unless some other factor comes into play, 20 MA should be pretty good support there. May be worth a dabble and if it drops below load up in the .60's like you said.
Maybe a buy on a bottom around 65 cents, imo
Check out CHTR for a flipperoony cousin
Good morning Eye, good day yesterday. very nice call on the consoldiation. Can I hire you to be my chart man?
When will ZAAP take off? it's cheap. in @ .24
Help? lol
Nice consolidation going on here. Earnings comes out ina few weeks, should see a nice slow move up until then.
Gonna keep an eye on it. BUt I guess we need to take this over to the ALTU board LOL.
just learning about charting. playing on vol. and rotation. I believe that these funds rotate and pick up shares in all sectors. timing is critical.
And the chart 3 yr. weekly and the 10 day 15 min look good no?
I am running out of posts. lol I need a sub.
I just bought 225 shares ALTU for a lotto
You playing the chart on ALTU or what?
I actually think we will consolidate around this area for a bit with .90 being good solid support before we move again. But yeah, I hope we blow through that 1.04 the first time LOL.
question? will we test the $1.04 mark once more time and fall back to .98 again? both resistance points. or just blow through it first time?
Lets hope for the latter.
ALTU looking like it could go any day now
if you are taking some off the table try some at the ask. see what kinda strength we got.
Good vol. so far
I'm ready bud.
We printed $1.10 premkt.
We are going up my friend.
I thought the story was closer in relation to NTWK. didn't mean to throw out a flag.
Next stop, $1.48
ALL ABOARD. hehehehehe
NTWK Summary
$27M Market Cap
$45M Revenues
30c/share net income expected for 2009
40c/share cash
$1.8/share stockholder's equity
PR Recap:
01/06/09 PR
NTWK's announced that its wholly-owned subsidiary Ciena Solutions was approved as an SAP Services partner:
12/29/08 PR
NTWK announced a major long-term contract with a major Dubai commercial bank:
11/20/2008 PR
NTWK's Europe CEO Naeem Ghauri told attendees at the Middle East Investor Conference in Dubai that the backlog is "stronger than ever." His presentation started at about 10 AM. Here is the link:
Other INformation
Insiders have been consistent buyers since NTWK dipped below $2
From the latest NTWK filing:
"Company has experienced solid and consistent demand for IT services in the domestic sectors of Pakistan.
NetSol in Pakistan has been pre-qualified to participate in several public sector projects. The most significant is the World Bank funded Land Record Management Information Systems or LRMIS.
This project has a World Bank grant of $300 million in Pakistan and NetSol was given two pilot projects in the province of Punjab in 2007, and a recent one in Islamabad. NetSol anticipates winning key projects in this area in next few quarters..."
I don't see why that would effect us but you never know.
Satyam Computer head quits, admits doctoring books
India's Satyam Computer head quits after admitting falsifying accounts; shares plunge 78 pct
Muneeza Naqvi, Associated Press Writer
Wednesday January 7, 2009, 7:18 am EST
Yahoo! Buzz Print Related:Satyam Computer Services Ltd.
NEW DELHI (AP) -- The chairman of India's Satyam Computer Services Ltd. quit Wednesday after admitting the company's profits had been doctored for several years, shaking faith in the country's corporate giants as shares of the software services provider plunged nearly 80 percent.
The company's balance sheet -- riddled with "fictitious" assets and "non existent" cash -- contained a $1 billion hole that could no longer be concealed after a deal intended to save the struggling company was scuppered, Chairman B. Ramalinga Raju said in a letter to the board.
"Every attempt made to eliminate the gap failed," said Raju, 53. "It was like riding a tiger, not knowing how to get off without being eaten."
B. Rama Raju, managing director of Satyam Computer and the chairman's brother, also quit.
News of the fraud dragged down the benchmark Sensex stock index 7.3 percent to 9,586.88 with Satyam's shares plummeting nearly 78 percent to 40 rupees. The accounting scandal raises questions about the quality of corporate governance in India and is likely to reverberate around the region.
Satyam, which means "truth" in India's ancient Sanskrit language, had "inflated profits over a period of (the) last several years," Raju said in his letter, which was released to the Bombay Stock Exchange.
For the July-September quarter alone, operating profit of $133.4 million had been overstated by almost 11 times the actual result.
Rajeev Sampat, an independent analyst, said the amount and nature of the fraud had shocked investors.
"It is one of the biggest frauds the Indian capital market has seen. People have been taken by surprise by the gravity of the event," he said. "After overstating profit and understating debt, the company's net worth is zero."
Satyam said in a statement that it was "shocked by the contents of the letter" but the company would rally to find a way forward.
Raju said that none of the other board members had any knowledge of the company's real financial situation and apologized to all stakeholders in his letter, claiming that he had not benefitted from the doctored results.
"Neither me, nor the managing director took even one rupee/dollar from the company and have not benefited in financial terms on account of the inflated results," he said.
The son of a grape farmer in India's southern Andhra Pradesh state, Raju founded Satyam in 1987 and over the last two decades the company became India's fourth largest software services company. A key player in the Indian outsourcing industry, the company is listed on the New York Stock Exchange.
After getting a business degree from Ohio University, Raju first started a weaving mill and then ventured into real estate before diversifying into the software services industry.
The financial troubles at Hyderabad-based Satyam started becoming public last month when outraged investors forced the company to call off a $1.6 billion acquisition of two construction firms both partly owned by Satyam's founders, including Raju and his family.
Compounding Satyam's problems, the World Bank last month barred the company from receiving direct contracts from the bank for eight years for what the lender said were inappropriate business practices.
The Securities and Exchange Board of India, the market regulator, said it was investigating.
"We have to go beyond this letter and find out what actually has happened," SEBI chief C.B. Bhave told reporters. "This is an issue which has very serious implications. It involves the Companies Act and the violation of the listing agreement with SEBI. It also raises the issue of authenticity of accounts that have been audited and certified by the auditors."
Associated Press writer Ramola Talwar Badam in Mumbai contributed to this story.
LOL, I didn't say I would take it all off. Just lock in some prfits here but I agree the after hours was nice and there is still money to be made here short and long term.
I just learned that the Indian stock market closed lower today. because of a company like NTWK admitted it has been cooking it's books for the last 3 years.
what does this mean for us??
Well, this could be a flight to safety stock and we continue up.
Or, we do get a pullback, before the next move up.
Should be interesting today EYE. I am looking to see how we faired on the indian exchange. this should tell the tale. I will post it when I find it.
Are you nuts? Do you think the chart is the only force at work here? is there somewhere else your money needs to be?
Stay put and hang tight, or your gonna miss the move.
printed $1.05 aft. hrs. this is going up no matter what the chart says.
We are ready for a breakout. they took it above the $1.04 resistance. next stop $1.48. this will be a tough hurdle. but we break that, and if off to $1.72 and Beyond.
You should be buying right now, not selling.
Thats my 2 cents EYE.
you got a triple comming, don't blow it. hehehehehehehehehe
Chart looking overbought here but has some room to move up to the 75MA. May take some off here and keep the majoority for the long term and add back on the dip to .90 support to build my long term stash.
There's that $1.00!!!
Thanks and GLTY2.
Sold at 97 cents- good luck to all of you
Ciena Solutions Joins SAP(R) PartnerEdge(TM) as an SAP Services Partner
Tuesday January 6, 2009, 9:30 am EST
Yahoo! Buzz Print Related:NetSol Technologies Inc.
EMERYVILLE, CA--(MARKET WIRE)--Jan 6, 2009 -- Ciena Solutions, a NetSol Technologies, Inc. "NetSol" (NasdaqCM:NTWK - News) (DIFX: NTWK) company and provider of enterprise application solutions and global business services, today announced it has joined the SAP® PartnerEdge(TM) program as an SAP services partner. The program gives partners access to resources, services and benefits that will help Ciena Solutions build and maintain a successful partnership with SAP, which will help it to optimize business results for clients.
Ciena Solutions becomes an SAP services partner following the completion of a rigorous review process. As an SAP services partner in SAP PartnerEdge, Ciena Solutions will have access to a much broader range of software tools and solutions for its clients. SAP PartnerEdge offers tools and resources that provide a strong foundation of support and collaboration that fosters unparalleled value and mutual business success for customers, partners and SAP. SAP services partners help SAP customers design, implement and integrate solutions, optimize business processes, and provide strategic business consultation. As an SAP services partner, Ciena Solutions will take an active part in the support, customization and deployment of SAP solution-based systems.
"SAP has placed the bar very high for a company to successfully attain the status of SAP services partner," stated Mitch Van Wye, chief operating officer for NetSol Technologies North America. "NetSol is very proud that Ciena Solutions was able to meet these requirements and join this exclusive team of SAP services partners."
"Becoming an SAP services partner is an important milestone and represents Ciena Solutions' commitment and expertise in supporting and delivering SAP solutions to our clients," stated Mark Pellas, senior vice president at Ciena Solutions, a NetSol Technologies Company. "Our practices dedicated to supporting SAP solutions in the areas of supply chain, procurement, the SAP NetWeaver® technology platform, portals, and business intelligence, as well as our development of innovative solutions complementary to SAP NetWeaver such as smartOCI, puts us in a unique position to offer a comprehensive portfolio of business transformation and technical implementation services to our clients in this ever-changing global economy. We are committed to vigorously growing our service areas in support of SAP solutions and strengthening our partnership with SAP."
In addition to becoming an SAP services partner, Ciena Solutions has also joined the Business Objects Solution Provider Partner Program in North America. Business Objects, an SAP company, has established a robust partner program that is committed to building and nurturing win-win relationships with channel partners and their end customers. Ciena Solutions will tap this deep experience when crafting and delivering BI solutions tailored to meet the unique needs of its mid-market customers.
"Visibility into the supply chain, reducing the amount and type of spend, and pressures to drastically reduce cost structures are just some of the burning issues faced by companies today," said David Ahrens, vice president, CFO Center of Excellence, Business Objects. "These issues are becoming critical drivers in today's business, and Ciena Solutions is squarely positioned to deliver high value to the SAP customer base. It's imperative that organizations prioritize projects that deliver savings to the bottom line to the top of the pile."
Ciena Solutions' management team offers over 30 years' experience designing and implementing solutions across a variety of industries and practices in support of SAP solutions. Ciena Solutions' services specific to SAP solutions include project management, training, staff augmentation, and business process optimization. The company's practice areas in support of SAP solutions include focus on core ERP, logistics and supply chain applications such as SAP SRM and SAP SCM, business intelligence, and development related to portal technologies and SAP NetWeaver.
About NetSol Technologies, Inc.
NetSol Technologies, Inc. (NasdaqCM:NTWK - News) (DIFX: NTWK) is a worldwide provider of global business services and enterprise application solutions. Since its inception in 1995, NetSol has used its BestShoring(TM) practices and highly experienced resources in analysis, development, quality assurance, and implementation to deliver high-quality, cost-effective solutions. Specialized by industry, these product and services offerings include portfolio management systems for the financial services industry, consulting, custom development, systems integration, and technical services for the global Healthcare, Insurance, Real Estate, and Technology markets. NetSol's commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by fewer than 100 companies worldwide. NetSol offers consulting and implementation services in support of solutions from SAP and Business Objects through its Ciena Solutions subsidiary, which is an SAP services partner and Business Objects Solution Provider Partner. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, technology providers, and governmental agencies. Headquartered in Emeryville, California, NetSol Technologies has operations and offices in London, Los Angeles, Sydney, Beijing, Bangkok, and Lahore.
To learn more about NetSol Technologies, Inc., visit http://www.netsoltech.com/
To join the NetSol Technologies, Inc. email distribution list, please visit: http://www.b2i.us/irpass.asp?BzID=897&to=ea&s=0
SAP, PartnerEdge, SAP NetWeaver and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. All other product and service names mentioned are the trademarks of their respective companies.
NetSol Technologies, Inc. Forward-looking Statement
This press release may contain forward looking statements relating to the development of the Company's products and services and future operation results, including statements regarding the Company that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "anticipate," "intend," variations of such words, and similar expressions, identify forward looking statements, but their absence does not mean that the statement is not forward looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of products and services and the timing of the market acceptance.
SAP Forward-looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Contact:
Contact:
Investor Relations
Christopher Chu
Grayling Global
Tel: +1-646-284-9426
Email: cchu@hfgcg.com
I am thinking we will break that 1 dollar mark here shortly.
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NetSol Technologies, Inc. (NTWK), a worldwide provider of global business services and enterprise application solutions, leverages its BestShoring(TM) practices and highly experienced resources to deliver high-quality, cost-effective solutions. Their suite of products and services include credit and finance portfolio management systems, hospital/healthcare information management systems (HIMS), SAP consulting and services, custom development, systems integration, and technical services.
NetSol’s commitment to quality is demonstrated by its achievement of the ISO 9001, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by less than 100 companies worldwide. These distinctions are a result of adhering to rigorous quality standards, resulting in the delivery of solutions that are secure, reliable, properly planned, and meticulously executed.
Serving the global financial, healthcare, insurance, energy, and technology markets, NetSol has operations, offices, and joint ventures in Adelaide, Bangkok, Beijing, Lahore, London, Riyadh, San Francisco, and San Pedro Sula. NetSol Technologies' clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies.
Netsol is well positioned with its core product offerings as it continues to expand into new international market opportunities. Looking forward, the company is very optimistic of its short-term and long-term outlook as it sees strong growth in Asia Pacific as well as the South East Asian markets, while also envisioning unlimited potential for its niche solutions and services in the Americas.
Most Recent News: http://finance.yahoo.com/q/h?s=NTWK
Webcasts - Conference Calls: http://www.b2i.us/profiles/investor/fullpage.asp?f=1&BzID=897&to=cp&Nav=0&LangID=1&s=0&ID=1332
SEC Filings: http://www.b2i.us/profiles/investor/seclink.asp?BzID=897
IR Contact:
Christopher Chu | |
Grayling | |
cchu@hfgcg.com | |
Phone: | (646) 284-9426 |
Fax: | (646) 284-9494 |
Najeeb Ghauri
Chairman and Chief Executive Officer
Najeeb Ghauri is Chairman of the Board of Directors and CEO of NetSol Technologies, Inc., a worldwide provider of business solutions and enterprise application solutions. In the early years of the Company, Mr. Ghauri was responsible for restructuring the company's business model into that of an IT company and was instrumental in the completion of the NetSol Technologies IPO in 1998. He also spearheaded the successful listing of NetSol (NTWK) on the Nasdaq Capital Market (formerly known as Nasdaq Small Cap) in December 1999. At the time of its IPO, NetSol was the first IT company originated from Pakistan to be listed on Nasdaq. NetSol grew from just five people to almost 1000 in 2009 and grew from $100K revenue in 1998 to $37MN in 2008. Today, NetSol has nearly 200 customers worldwide and offices in 6 countries.
Mr. Ghauri was influential in listing NetSol's Pakistani subsidiary on the Karachi Stock Exchange (KSE). In addition, Mr. Ghauri helped establish the first US Company listed on both Nasdaq Capital Market (NASDAQ CM:NTWK) and Dubai stock exchange (NASDAQ DUBAI:NTWK).
On September 13, 2006 and again in June 25, 2008, Mr. Ghauri represented NetSol Technologies as he presided over the closing bell for the Nasdaq Exchange in New York City. He has been twice nominated in the United States for the Ernst & Young ‘Entrepreneur of the Year', once in 2001 and again in 2008.
Prior to launching NetSol in the U.S., Mr. Ghauri had over 15 years of combined marketing and management experience with Fortune 500 companies such as Unilever and Atlantic Richfield Corporation (ARCO). He received his bachelor's degree from Eastern Illinois University and earned an MBA in marketing from the Drucker School of Management at the Claremont Graduate School.
Mr. Ghauri is also active in various charitable and educational non-governmental organizations (NGOs) worldwide. He is a founding board member of the Pakistan Human Development Fund, which provides educational tools to children in underdeveloped areas of Pakistan. He is also a founding board member and Vice-Chairman of the U.S. Pakistan Business Council in Washington, D.C., a U.S. Chamber of Commerce body and the leading private sector association in the United States promoting trade and investment between the United States and Pakistan.
Boo-Ali Siddiqui
Chief Financial Officer
As Chief Financial Office and Company Secretary of NetSol Technologies Ltd., Mr. Siddiqui has managed the finances of all companies in the Asia group since 2005. Previous to this he served as Deputy Registrar of Companies for the Securities & Exchange Commission of Pakistan (SECP) and as Senior Manager, Audit and Tax, for Ehtisham & Co., Chartered Accountants.
Mr. Siddiqui holds a Bachelor of Commerce from Hailey College of Commerce, Lahore, University of The Punjab, Pakistan, is a Fellow Member of both the Institute of Chartered Secretaries & Managers (FICS) and the Pakistan Institute of Public Finance Accountants (FPA), and is an Associate Member of the Institute of Chartered Accountants of Pakistan (ACA).
Patti L. W. McGlasson
Company Secretary and Corporate Counsel
Patti L. W. McGlasson joined NetSol as Corporate Counsel in January 2004 and was elected to the position of Secretary in March 2004. Prior to joining NetSol, Ms. McGlasson practiced law at Vogt & Resnick, where she focused on corporate, securities and business transactions. Ms. McGlasson was admitted to practice in California in 1991. She received her BA in Political Science in 1987 from the University of California, San Diego and her JD and LLM in Transnational Business from the University of the Pacific, McGeorge School of Law, in 1991 and 1993, respectively.
Salim Ghauri
President, Netsol Technologies Asia Pacific Region
Salim Ghauri is the President Netsol Technologies Inc. Asia Pacific Region and founder of former named Network Solutions, Ltd. Lahore, Pakistan, a wholly-owned subsidiary of NetSol Technologies, Inc.
Before establishing NetSol Technologies, Mr. Ghauri was a successful IT consultant in Australia. His last assignment was with BHP Steel in Sydney. As a system integrator he was responsible for software and hardware solutions. His main achievement was the introduction of a PC-based network in BHP Steel. From 1988-89, Mr. Ghauri consulted with the State Rail Authority of NSW Australia for its MIS reporting.
Prior to moving to Australia, he was in Saudi Arabia, where he started his IT career at Citibank, Riyadh in 1979. After leaving Citibank, he started his first venture. Mr. Ghauri is credited with setting up the first IT-based training institute and a software house in Damam, Saudi Arabia.
Mr. Ghauri received his BS degree in Computers from the University of Punjab in Lahore.
Naeem Ghauri
President and Head Of Global Sales
As Head of Global Sales for NetSol Technologies, Mr. Ghauri is responsible for all Business Development, M&A, Account Management and Sales activities worldwide. Prior to heading the global sales organization, Naeem served as President of Netsol Technologies Inc. European Region and Global Products. Naeem Ghauri brings a wealth of IT experience in the leasing and finance industries and tremendous business management experience in international markets.
From 1994-1999, he was a senior IT consultant with various blue-chip companies in Europe. At Debis, he managed the Hercules Project, a complex and challenging project valued in excess of $70 million. It involved supervising over 200 project managers, developers, analysts and users in nine European countries.
Prior to taking on the Hercules Project, Mr. Ghauri was a senior project manager in Singapore with Mercedes. From 1983-1995, he held various assignments in Australia and the United Kingdom with Citibank and Fidelity Investments, respectively, in data processing departments. He also ran several successful business ventures in retail computers and in the real estate industry in Australia.
Imran Haider
Chief Operational Officer, NetSol Technologies North America
Imran Haider is a seasoned IT professional with proven expertise in Sales and Information Technology Management. He has been working with NetSol Technologies since 2002 and has played a vital role in the company's success in Asia Pacific region. Before joining NetSol Technologies, Imran had worked with Sayyed Engineers and Interactive Communications in roles related to system implementation, market research, and sales.
Mr. Haider is highly qualified in disciplines of Sales, Marketing, Finance and Information Technology. He completed his MBA in 1999, with focus on Marketing and Finance, from the prestigious Lahore University of Management Sciences (LUMS) Pakistan. Later he returned to LUMS and augmented his qualification with a certification in IT Management. Imran also holds a Master's Degree in Economics from University of the Punjab, Pakistan.
Prab Brinton
Vice President, Human Resources and Operations
Prab Brinton serves as Vice President of Human Resources and Operations for NetSol Technologies North America. With over 15 years of experience in Human Resources and Operations in the Technology and Financial sectors, Ms. Brinton brings a diverse level of experience to her position. Ms. Brinton's prior work experience has included Oracle, Etec Systems, First Franklin Financial, and FKI Logistex. Ms. Brinton attended San Francisco University with a concentration in the field of Human Resources.
Mike Miller
Vice President, Partner Services
Mike Miller serves as Vice President of Partner Services as part of NetSol's Global Sales organization. With his many years of experience in commercial equipment leasing, banking, systems, project management, operations, and training, Mr. Miller brings an extraordinary level of experience to his position. Mr. Miller has worked with many of the premier leasing firms in North America in his 30-plus years of experience in the fields of business operations and information technology.
His depth of experience in the world of financial services is exceeded only by the extraordinary versatility he brings to his position at NetSol Technologies North America. Mr. Miller has earned a reputation as an invaluable and committed business partner to NetSol customers.
Malea Farsai
Corporate Counsel
Malea Farsai is Corporate Counsel for NetSoI Technologies, Inc. Prior to joining the company, Ms. Farsai represented NetSol in a private law firm practice, which focused primarily on corporate, securities, intellectual property and general transactional matters. Ms. Farsai was admitted to practice in California in 1996. She received her BA in Political Science in 1992 from University of California, Irvine and her JD in 1996.
Sajjad Kirmani
Executive Vice President IT/Operations, NetSol Technologies, Ltd.
Sajjad Kirmani is the Executive Vice President and the Director for NetSol Technologies Limited. He has been associated with NetSol since May 1998. As EVP IT & Operations, he manages the operation of the company across the broad spectrum of IT products and services portfolio as well as supporting functions of human resource management, network operations and quality engineering.
Mr. Kirmani has over 22 years of professional IT experience in software development, project management and Information Systems management. Prior to joining NetSol, Mr. Kirmani worked for Coca-Cola Corporation for 6 years as Information Services Manager for their South West Asia Region spreading across 5 countries in Asia Pacific.
Mr. Kirmani holds a Master's degree in Computer Sciences from University of London with specialization in Database Management & Information Systems, along with a Master of Business Administration (MBA) degree from IBA, University of the Punjab. He is the Executive Council member of Computer Society of Pakistan Lahore Chapter and was the Vice president of Pakistan Software Houses Association (PASHA) from 2003-2004.
Shaz Khan
Senior Vice President, SAP Sales and Solutions
Shaz Khan is Senior Vice President, SAP Sales and Solutions at NetSol Technologies. He has been actively implementing SAP solutions for over 12 years with a specific focus in SAP supply chain and procurement applications, including Supplier Relationship Management (SRM), MDM, and Materials Management/Production Planning. Shaz oversees all SAP practice areas and service offerings under NetSol Technologies, including SRM, SCM, MDM and Interactive Forms, Portal, and Business Objects. He combines his extensive experience in Information Technology, Project Management, Business Process Modeling, and SAP Supply Chain consulting to lead consulting teams to deliver high-value and results-oriented SAP solutions for Fortune 1000 clients.
He began his career as a Senior Information Technology Consultant with Ernst & Young and has managed and implemented SAP supply chain, strategic sourcing and procurement, and business process reengineering projects for numerous clients in the Media, Entertainment, Chemical, Oil, and Financial Services Industries. Shaz is a certified SAP Materials Management and SAP SRM consultant and an accomplished author of two SAP configuration guides, SAP SRM Extended Classic Cookbook and SRM Advanced CCM Cookbook. Shaz received his B.A. in Computer Science and a B.A. in Economics from the University of California at Berkeley.
Mark Pellas, PMP
Senior Vice President, SAP Consulting Services
Mark Pellas is Senior Vice President, SAP Consulting Services at NetSol Technologies. Mark is responsible for managing the consulting personnel, providing tools and procedures required to support the sale and delivery of SAP solutions, and for providing guidance on project timelines and resource planning for all engagements. In addition, Mark oversees all SAP alliance partnerships and joint marketing programs for NetSol Technologies.
He has been working with SAP in various positions since 1991 and received his first exposure to SAP as an ABAP developer in R/2. He worked for SAP Australia as a Client Engagement Manager and Lead Technical Consultant managing projects for large local clients before moving to the United States in 1995. Mark brings considerable project management experience and a strong understanding of the development and project implementation methodologies instituted at Big 4 implementation partners. Mark has consulted for major Fortune 500 clients including Pacific Gas and Electric, Eveready Batteries, Caltex Petroleum, Browning Ferris Industries, LTV Steel, General Motors, Delphi Automotive, TiVo Inc, Deluxe Checks Inc, NBC Universal, Clark County, Nevada and SAP. Mark is a PMP certified professional and received his Bachelor of Applied Science from University of Tasmania and a Bachelor of Education from Tasmanian State Institute of Technology.
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