Introduction: Newgen software technologies is a software product company based out of Delhi. It provides Business Process Management (BPM), Enterprise Content Management (ECM), Customer Communication Management (CCM) and Case Management solutions. Newgen has over 265 employees globally. It sells products through direct sales and through its 300 global channel partners.
Date of Establishment: Newgen Software Technologies Limited was established in the year 1992, in New Delhi, India.
Product & Service Offering: Newgen has products majorly in the area of Business Process Management (BPM), Enterprise Content Management (ECM). Given below are the key software platforms of Newgen:
1. OmniDocs Enterprise Content Management (ECM) Software which is basically facilitates in digitization of enterprise content and information
2. OmniFlow Intelligent Business Process Suite (BPM) which is used to manage a complete range of business processes
3. OmniOMS Customer Communication Management suite which is used for unified communication platform to improve communication with customers
Customer Segment: Newgen rsquo;s solutions are used in diverse sectors including banking, government/PSUs, BPO/IT, insurance and healthcare. Company’s clients include 17 Global Fortune 500 companies. It has over 450 active customers in over 60 countries.
Company Promoters: The Promoters of the Company are Mr. Diwakar Nigam and Mr. T.S. Varadarajan.
Objects of the Issue: The aim of the proposal is both for the fresh issue by the company and selling of shares by existing shareholders. 13,453,932 Equity Shares are available for sale. Company will not receive any proceeds from the Offer for Sale by the Selling Shareholders. Fresh issue of shares are being done for funding office premises near Noida-Greater Noida Expressway, Uttar Pradesh and general corporate funding requirements
Summary of financial Information (Restated Consolidated)
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