NetSol Technologies Re-Appraised at Maturity Level 5 of CMMI V1.2
NetSol Technologies, Pakistan’s leading IT company and biggest software exporter, has won the truly outstanding distinction of becoming the first Pakistani company to be re-assessed at Maturity Level 5 against CMMI® Version 1.2 by the Carnegie Mellon Software Engineering Institute (SEI). In doing so, it has created a marvelous milestone for the Pakistani IT industry and placed Pakistan at the forefront of IT software producing countries. NetSol Technologies has already won great laurels for the country in the past by becoming a leading supplier of enterprise software solutions to the global leasing industry and adding some of the best known international companies in the automotive industry to its customer base. It had already been assessed at Maturity Level 5 against CMMI V1.1 in 2006, which was again a first for Pakistan. It was a distinction shared by few software companies in the world at the time. It represents the highest level of maturity (synonymous with the highest quality in the IT industry) of software processes. However, SEI introduced version 1.2 subsequently to make it even tougher for companies worldwide to be assessed at this level. As a result, currently just 154 companies stand appraised at CMMI Level 5 in the world, as reported on the SEI website. This is a significant drop from over 300 companies at this level in 2008. Most of these companies are among the top IT companies of the world catering to the world’s biggest customers including the US Department of Defense. According to Salim Ghauri, CEO and Chairman of NetSol, “Version 1.2 was a big challenge for us. Many CMMI Level 5 companies will find it impossible to get reappraised against this version, but NetSol achieved this through great commitment and the hard work of our employees. We realize that this will set us apart globally and we will be in a different league altogether. It will also provide a much needed boost to the image of the Pakistani industry at the global level. The world will see Pakistani IT in a different light.” As a result of this achievement NetSol will give further confidence to its customers worldwide in its commitment to innovation and reliability in its processes and solutions. NetSol also sees this as a major step in its drive to expand its services to new global verticals in finance, government, telecommunications and healthcare