NETSOL Technologies appoints Michael Ramsey as Vice President of Sales for Asset Finance in the Americas

The sales remit covers both existing LeasePak customers' upgrade paths and new lenders seeking origination and servicing software.

Rhea-AI Summary

NETSOL Technologies (NTWK) has appointed Michael Ramsey as Vice President of Sales, Transcend Finance, Americas, to lead U.S. growth. Based in Austin, Texas, he reports to Faizaan Ghauri, President of NETSOL Technologies Americas. His responsibilities include converting enterprise opportunities into signed agreements, developing new business and establishing a disciplined sales operating model.

Ramsey brings more than thirty years of enterprise software leadership experience. NETSOL plans to transition its long-standing North American customer base to Transcend Finance and convert its sales pipeline. The appointment follows BMO Equipment Finance's decision to upgrade from LeasePak to Transcend Finance.

2 points · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

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0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.NETSOL plans to transition its North American installed customer base to Transcend Finance.
• Minor point. Forward-looking: it has not happened yet and may not happen.BMO Equipment Finance's upgrade decision moves an existing LeasePak customer toward Transcend Finance.

Negative

• None.

Historical Context

1 past event · Latest: Sep 15

1 event

1. Sep 15

   Platform contract

   24h Move

   +2.7%

   BMO moved from LeasePak to Transcend Finance under a U.S. equipment-finance contract.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

asset finance, auto captives, origination, servicing

4 terms

asset finance financial

"platform for auto captives, banks and asset finance companies."

Asset finance is a set of lending and leasing arrangements in which a company obtains funds to buy, use, or unlock value from specific assets (for example machinery, vehicles, equipment, inventory, receivables or certain intellectual property). The asset itself serves as collateral: common structures include finance leases, hire-purchase, sale-and-leaseback and asset-backed loans, and the lender or lessor typically has a security interest allowing repossession if the borrower defaults. Asset finance is secured and tied to the financed asset’s value and useful life rather than being an unsecured general-purpose loan.

auto captives financial

"platform for auto captives, banks and asset finance companies."

An "auto captive" is a finance subsidiary owned by a vehicle manufacturer or dealer group that provides customer and dealer financing, leasing, and related credit services tied to vehicle sales. It operates as a separate legal entity that underwrites loans and leases, manages credit risk, raises funding (often through bank lines or securitizations), and may also offer related products such as extended warranties or insurance policies issued or arranged for car buyers and dealers.

origination financial

"single platform for origination and servicing."

Origination is the process of creating a new financial asset—most often a loan, mortgage, or other debt—by moving from application through credit checks, approval and funding. Investors watch origination because the amount and quality of newly created loans determine future interest income and default risk; think of it like planting seeds—more seeds can mean a bigger harvest, but poor-quality seeds increase the chance of failure.

servicing financial

"single platform for origination and servicing."

Servicing is the ongoing management of a loan or financial asset after it is issued, including collecting payments, keeping records, handling customer queries, managing escrow accounts, and dealing with late payments or defaults. Think of it like a landlord who collects rent, handles repairs and tenant issues — good servicing preserves value and steady cash flow, while poor servicing increases losses and uncertainty, so investors watch it as a driver of fees, risk and asset performance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Veteran asset finance executive with more than three decades of enterprise software experience joins NETSOL's expanding Americas leadership team

ENCINO, Calif., Oct. 02, 2026 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a provider of AI-enabled solutions and services powering OEMs, dealerships and financial institutions to sell, finance and lease assets, today announced the appointment of Michael Ramsey as Vice President of Sales, Transcend Finance, Americas, based in Austin, Texas. The appointment strengthens the company's U.S. sales and leadership team as it pursues growth in the Americas. Ramsey reports to Faizaan Ghauri, President of NETSOL Technologies Americas.

Ramsey will lead U.S. growth for Transcend Finance, NETSOL's finance and leasing platform for auto captives, banks and asset finance companies. His responsibilities include converting the company's enterprise opportunities into signed agreements, developing new business and instilling a disciplined sales operating model. Ramsey will represent NETSOL at industry events across the U.S., including the ELFA Annual Convention, the Auto Finance Summit and the AFSA Vehicle Finance Conference.

The appointment follows a year in which NETSOL deepened its presence in the U.S. market, including BMO Equipment Finance's decision to upgrade from LeasePak to Transcend Finance, and reflects the company's focus on transitioning its long-standing North American install base to Transcend Finance and converting its growing pipeline.

Ramsey brings more than thirty years of leadership across enterprise sales, pre-sales, solution consulting and strategic alliances, specializing in asset finance across leasing, loans, rental, fleet and equipment. Most recently, he was Vice President of Global Sales and Solutions at FIT-Global, an SAP-certified partner, where he led global sales and pre-sales organizations for enterprise transformation programs across fleet, equipment, rental and leasing.

Before this, Ramsey served as Senior Director of Sales and Alliances at Odessa Technologies, where he built seven strategic alliances. Earlier, as Vice President of Global Solutions at LeaseAccelerator, he led the company's solutions strategy for the regulatory finance market.

His enterprise software foundation includes eleven years at SAP America, where he led global business transformation programs across the banking and financial services sector, and an earlier role at Oracle Corporation, where as Director of Finance Consulting he directed delivery worldwide for Fortune 1000 clients.

"The U.S. is the largest asset finance market in the world and we are investing aggressively in it," said Faizaan Ghauri, President of NETSOL Technologies Americas. "Michael has sold into this market, built alliances across it and delivered for large lenders for more than three decades. He will lead our U.S. sales effort for Transcend Finance, working with our existing LeasePak customers on their upgrade path and with new lenders who want a single platform for origination and servicing."

"The asset finance industry is at a turning point and NETSOL is one of very few companies with the platform, the domain depth and the customer relationships to lead it," said Michael Ramsey, Vice President of Sales, Transcend Finance, Americas. "Transcend Finance gives lenders the modern, connected foundation they need to move beyond legacy systems. I look forward to working with the team to build on NETSOL's momentum in the U.S. and to deliver measurable outcomes for our customers."

About NETSOL Technologies
NETSOL Technologies delivers 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 1997, NETSOL has been at the cutting edge of technology, pioneering innovations with its asset finance solutions, and today leverages 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 customers, 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.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the company's products and services, expectations for future operations, and other statements that are not historical facts. These forward-looking statements may be identified by terminology such as "expects," "anticipates," "believes," "intends," "plans," "projects," "targets," and similar expressions. These statements are not guarantees of future performance and are subject to a number of risks, uncertainties, and assumptions that are difficult to predict. Factors that could cause actual results to differ materially include, but are not limited to, the timing of customer go-lives and contract renewals, the rate of adoption of AI-enabled product capabilities, foreign currency volatility, and other factors discussed in NETSOL's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. NETSOL undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Investor Relations Contact:
Investor Relations
(818) 222-9195
investors@netsoltech.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/afd83377-eaf2-4036-9962-11cf440d59d9

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What role will Michael Ramsey hold at NETSOL Technologies?

Michael Ramsey is Vice President of Sales, Transcend Finance, Americas, responsible for leading U.S. growth for the platform. His remit includes converting enterprise opportunities into signed agreements, developing new business and establishing a disciplined sales operating model.