NetSol Technologies Inc., a worldwide provider of global IT and enterprise application solutions, recently announced the company’s entry into cloud computing with the release of LeasePak Software-as-a-Service. The first cloud-delivered leasing and finance accounting and portfolio management solution to be offered by a U.S.-based software provider, LeasePak SaaS provides new options for companies looking for a robust, fully scalable solution for a cost-effective monthly subscription fee.

"LeasePak SaaS represents an exciting new direction for NetSol's North American team and we are very gratified by the enthusiastic reception it has already received," said Najeeb Ghauri, chairman and CEO of NetSol Technologies. "The industry has been looking for innovative ways to cope with the challenges of the current business environment; LeasePak SaaS provides an affordable alternative to traditional, licensed-based systems. Our cloud-based portfolio management solution delivers affordable enterprise-level accounting and portfolio management functionality with no limits to future growth in business volumes or operational team size."