Newgen Software Technologies Limited, a leading provider of digital transformation solutions, announced a significant achievement on January 9, 2025. The company’s US-based subsidiary, Newgen Software Inc., has secured a contract worth $2,576,284 with a prominent healthcare client in the USA.

This deal is for providing Enterprise Content Management (ECM) solutions and will span an initial period of three years, marking another milestone in Newgen’s global growth trajectory.

Key Details of the Agreement

1. Contract Value:
   The agreement is valued at $2.57 million for the initial three years, reflecting the growing demand for Newgen’s ECM solutions in the healthcare sector.

2. Client Industry:
   The contract has been signed with a leading US-based healthcare client, further solidifying Newgen’s presence in the healthcare sector.

3. Contract Duration:
   The agreement covers a period of three years, ensuring long-term collaboration and support.

4. No Related Party Involvement:
   Newgen Software has confirmed that the transaction does not involve any related-party interest as per the Companies Act, 2013.

Strategic Importance of the Deal

The contract win is a testament to Newgen’s technological prowess and its ability to cater to critical sectors like healthcare. As regulatory and operational complexities in healthcare continue to grow, the need for robust Enterprise Content Management solutions becomes more pressing.

Newgen’s ECM solutions enable organizations to:

• Streamline content management processes.
• Ensure compliance with stringent healthcare regulations.
• Enhance operational efficiency by integrating advanced digital tools.

This deal reinforces Newgen’s position as a trusted global partner for large-scale enterprise solutions.

Financial and Operational Impact

The $2.57 million contract is expected to have a positive impact on Newgen Software's financial performance over the contract duration. This deal aligns with the company’s strategy to expand its footprint in the US market, particularly in sectors like healthcare that demand high levels of precision and efficiency.

Disclosure and Compliance

In compliance with SEBI Regulation 30, Newgen Software disclosed the following details:

• Event occurrence date: January 9, 2025.
• Time of event: 2:15 A.M.
• The disclosure was made under the relevant SEBI, BSE, and NSE circulars, ensuring transparency for stakeholders.

Additionally, the company confirmed that this transaction does not constitute a related-party transaction, highlighting its adherence to corporate governance norms.

Conclusion

The $2.57 million contract win by Newgen Software Inc. reflects the company’s ongoing efforts to leverage its expertise in Enterprise Content Management and address the evolving needs of the healthcare sector.

With a focus on innovation, compliance, and efficiency, Newgen Software continues to strengthen its position in the global market, providing cutting-edge solutions to industries with complex operational requirements.

This agreement also emphasizes Newgen’s capability to deliver value-driven services, fostering long-term relationships with key clients and paving the way for sustained growth in the international market.

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