Based in Calabasas, California, NetSol has its roots in Pakistan, which gives it access to an inexpensive software development center. The listing of its subsidiary NetSol Technologies Ltd was oversubscribed by 125%.
In March the Nasdaq-listed parent company restated its financial statements for its fiscal year 2004 and the first half of its fiscal 2005, but unlike most companies forced to restate, the changes increased its profits.
