Newgen Software

Newgen Software Technologies Limited is a vendor/provider of Business Process Management (BPM), Enterprise Content Management (ECM), Customer Communication Management (CCM), Document Management System (DMS), Workflow and Process Automation software.[1]

Newgen Software Technologies Limited
TypePublic
IndustryBusiness Process Management, Enterprise Content Management
Founded1992
Headquarters
New Delhi
,
India
Key people
Diwakar Nigam (CEO)
Websitenewgensoft.com

Shares were allocated to nine investors at ₹250 apiece, the upper end of the price band of ₹240-245 for the Newgen IPO. Institutional investors that participated in the anchor book allocation include Goldman Sachs India Ltd, HDFC Trustee Co. Ltd, Forefront Alternative Investment Trust, Aditya Birla Sun Life Pvt. Ltd, BNP Paribas Arbitrage and SBI Mutual Fund, among others. It had investors namely SAP Ventures (now Sapphire Ventures), Ascent Capital & IDG Ventures before filing of its IPO at SEBI. Earlier, its investors were SAP Ventures & HSBC Private Equity (now Headland Capital). It primarily focuses on Business Process Management, Enterprise Content Management.[2] It also has services for Customer communications management, Document Management Systems and Workflow and Process Automation.[3] According to industry analyst firm Forrester Research, Newgen is a strong performer in ECM space.[4] Newgen has been featured in Ovum Decision Matrix, 2011.[5] Its BPM/ECM suite includes OmniScan, OmniDocs, OmniFlow and iBPS.[6]

Newgen was founded by Diwakar Nigam, its current CEO, in 1992 as his second attempt at starting a business.[3][7][8] Newgen's first major deal was providing document processing software to digitise paper documents for Canon Inc., which licensed it, and partnered with Citibank India.[3]

As of March 2019, its revenue was 6,206 million INR.[9][10] In April 2011 Newgen started creating their Global Channel Network. As of April 2018 Newgen has established a Channel Partner network across 65 countries around the world. Newgen Channel team is also responsible for opening new territories like Brazil, Cambodia, Mongolia and many more.[7] In 2015, Business Today ranked Newgen as the best small/medium enterprise overall and for services.[3]

In May 2016, Newgen released its NEMF app, an enterprise-grade mobile capture app that was developed in partnership with Microsoft India.[8][11] It offers geolocation, image capture, editing tools, and task management capabilities on mobile devices.[8][11]

The company motto is "One World, One Workplace".[3] Currently motto has been changed to "Reinvent Your Workplace".As of July 2019, it employed 3000 people worldwide and has offices in India, Singapore, the United Arab Emirates, Canada, United Kingdom and the United States.[7]

Newgen has applied for IPO in September 2017 with Securities and Exchange Board of India (SEBI), which was approved by the later on 13 November 2017. From the proceeds, the company is planning to purchase and furnish office premises within India and abroad.

References
  1. "About Newgen". Newgen Software. Retrieved 28 March 2019.
  2. "Newgen Investor update June 2019" (PDF). The Economic Times. 11 August 2013. Retrieved 2 December 2014.
  3. Dubey, Jyotindra (11 October 2015). "Consummate Communicator: Newgen Software Technologies". www.businesstoday.in. Business Today. Retrieved 2 June 2016.
  4. Forrester Research Inc, 19 September 2013, The Forrester Wave: Enterprise Content Management, Q3 2013 Archived 2 November 2013 at the Wayback Machine
  5. Ovum, December 2011, Decision Matrix: Selecting a Business Process Management Vendor
  6. "Diwakar Nigam, MD & CEO, Newgen Software Technologies Ltd". NASSCOM. Archived from the original on 2 April 2015. Retrieved 24 March 2015.
  7. Marchurchand, Himanshu (15–21 April 2015). "Newgen Software Technologies: A turnover of $ 1 million set for fiscal year 2015/16". Business Magazine (1179).
  8. "Newgen Software announces availability of the NEMF App on the Windows platform". www.dqindia.com. Dataquest. 31 May 2016. Retrieved 2 June 2016.
  9. "Newgen Investor update on March 2019" (PDF).
  10. "Newgen Software reports 21% YoY growth in Revenues and 40% YOY increase in Profit after Tax in FY'19". Newgen Software. Retrieved 21 September 2019.
  11. "Newgen Software's unique app now on Windows platform". Business Standard. Indo-Asian News Service. 31 May 2016. Retrieved 2 June 2016.
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