NetSol Technologies, Inc., a US-based, multinational provider of enterprise software and services for equipment financing, today announced it received the Capability Maturity Model (CMMI) L5 rating by the Carnegie Mellon Software Engineering Institute (SEI). CMMI L5 status, the most rigorous and highest rating available, recognizes global software developers focusing on best practices in product development. Ninety-four organizations are currently rated CMMI L5.
“We are pleased and very proud to announce to our customers, shareholders and the entire NetSol family that we have achieved the most significant engineering and development milestone in our company’s quest for software excellence,” said NetSol President Salim Ghauri. “The newly garnered L5 status positions NetSol among the world\’s most respected software developers, which includes IBM, Motorola, Boeing, Hewlett-Packard, and Toshiba, to name but a few. Our customers will continue to see the benefits of our already exemplary software development process, along with the meticulous control of products and processes, scrupulous project risk management, and an overall reduction of development costs.Ó
“Technology leadership, validated by our CMMI L5 rating, opens doors for our sales and marketing teams internationally as well as with US-based Fortune 500 companies,” commented NetSol Technologies CEO Naeem Ghauri. “Companies rated at L5 have reported a significant increase in business contracts, increased software productivity, decreased software costs and substantially fewer software defects… Also, we were honored that our development subsidiary, NetSol Technologies, Ltd., was the first Pakistani company awarded this standard of excellence.”