NetSol Technologies Establishes Infrastructure-as-a-Service Division ‘NetSolCloudVM’

Grazed from NetSol Technologies.  Author: PR Announcement
 

NetSol Technologies, Inc. (Nasdaq:NTWK), a worldwide provider of global IT and enterprise application solutions, today announced the creation of a new division, "NetSolCloudVM", that will offer infrastructure-as-a-service (IaaS), initially targeting the North American market.

 

Set to launch in September as a division of NetSol North America, NetSolCloudVM will provide clients with IT infrastructure on a monthly tiered subscription basis. Imran Haider, chief operating officer of NetSol Technologies North America, will lead the division.

 

"We made a calculated decision to enter this growing market given our years of experience as a software developer, the minimal investment required, and the revenue potential given just the breadth of our current relationships," said Najeeb Ghauri, chairman and CEO of NetSol.
 

"I am fully confident in our highly capable team, reinforced by our talented group of IT professionals, to scale the business quickly and capture a portion of this burgeoning industry, creating an additional revenue driver and further diversifying our revenue mix by geography."

 

In its updated public cloud forecast in June, Gartner estimated that IaaS was the fastest growing cloud segment with a projected GAGR of 41.7%, and exceeding a $20 billion global market by 2016.

 

"What we are offering, in essence, is private cloud performance at an elastic cloud price — giving potential customers in our target market segment the performance, flexibility, reliability, and a no-nonsense fixed pricing model that they have long desired," added Imran Haider, COO of NetSol North America and head of NetSolCloudVM. "As a growing software company ourselves, we have critical insights into the efficiency and productivity needs of NetSolCloudVM’s target customer base and look forward to unveiling our new services in the coming months."