— To Conduct a Multi-Country Rollout of Vroozi’s Cloud-Based Business Shopping Platform to the Company’s Global User Base —
CALABASAS, Calif., January 14, 2012 – Vroozi, Inc., a subsidiary of NetSol Technologies, Inc., (Nasdaq: NTWK) and worldwide provider of B2B e-procurement cloud solutions, today announced that the company was selected by a Fortune 500 packaging company to implement a multi-county rollout of Vroozi’s cloud-based business shopping platform within its SAP ERP Purchasing system.
“Vroozi’s business shopping platform was selected for its ease of use and ability to seamless connect to the customers’ SRM system, further streamlining their procurement process and driving more spend with contracted vendors,” said Shaz Khan, COO and co-founder of Vroozi. “The addition of a global packaging company in our portfolio of customers, ranging from technology companies to healthcare providers, demonstrates that our platform truly helps companies realize their ERP system investment.”
Vroozi is a worldwide provider of B2B e-commerce cloud solutions, and subsidiary of NetSol Technologies, Inc. Vroozi’s business shopping technologies including smartOCI is designed to facilitate the B2B procurement process by providing companies with a powerful e-commerce search engine that improves purchasing efficiencies. The plug-and-play software allows companies to access their global suppliers and retrieve competitive just-in-time pricing information to meet their purchasing requirements, as well as collaborate with their suppliers to exchange and publish catalog content. smartOCI can be integrated into major ERP purchasing modules such as SAP and others, and includes a tiered monthly subscription fee.
About NetSol Technologies
NetSol Technologies, Inc. (www.netsoltech.com) is a worldwide provider of global IT and enterprise application solutions that include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets. Headquartered in Calabasas, Calif., NetSol’s product and services offerings have achieved ISO 9001, ISO 20000, ISO 27001, and SEI (Software Engineering Institute) CMMI (Capability Maturity Model) Maturity Level 5 assessments, a distinction shared by only 178 companies worldwide. The company’s clients include Fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. NetSol has delivery and support locations in San Francisco, London, Beijing, Bangkok, Lahore, Adelaide and Riyadh.
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