The share worth of Newgen Software program Applied sciences Ltd soared 7% on 27 March after the corporate introduced that it had secured a contract for an Enterprise Content material Administration (ECM) resolution. The challenge is valued at $1,285,074 in complete, together with taxes.
In an trade submitting, Newgen Software program mentioned, “We hereby inform you that Newgen Software program Applied sciences Restricted has accepted the Award Letter from the shopper for Enterprise Content material Administration Answer (ECM).” In line with an announcement from Newgen Software program, the contract is anticipated to be signed in 5 years.
Final month, Newgen Software program Inc. (NSI), a serious subsidiary of Newgen Software program Applied sciences and a US-incorporated firm, completed a Assertion of Work (SoW) with a US-based consumer. The general worth for the primary three years of the settlement was $1,930,147.
In January, a consumer within the insurance coverage trade gave Newgen Software program Inc. (NSI), a major subsidiary of Newgen Software program, buy orders totalling $3,008,533 (tax included).
Based in 1992, Newgen Software program is a number one supplier of a complete digital transformation platform that features native course of automation, content material providers, and communication administration capabilities.
With its headquarters in New Delhi, Newgen Software program is an IT firm that focuses on providing case administration, enterprise course of administration, buyer communication administration, and enterprise content material administration (ECM) options to authorities businesses, business companies, and their associates.
At 11:32 am, the shares of Newgen Software program have been buying and selling 4.44% increased at Rs 1,012 on NSE.
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