Newgen Software Inc. (NSI), a key subsidiary of Newgen Software Technologies Limited, has signed a significant agreement with a leading US-based healthcare client. The deal, valued at $2,576,284, spans three years and focuses on delivering Enterprise Content Management (ECM) solutions.
In the exchange filing, the company shared, “Newgen Software Inc. (NSI), incorporated in the USA, the material Subsidiary of Newgen Software Technologies Limited (“the Company”) has executed an agreement with a USA based Healthcare Client for Enterprise Content Management. The aggregate value of the aforesaid agreement for the initial three years is USD 2,576,284.”
Key Highlights:
- Type of Entity: International
- Contract Duration: 3 years
- Promoter Interest: No involvement of the promoter group or related parties.
This partnership underscores Newgen’s growing footprint in the global healthcare sector and reaffirms its position as a trusted provider of cutting-edge ECM solutions.
In the meantime, Newgen Software’s stock opened at ₹1,640.00, reaching a high of ₹1,667.40 and a low of ₹1,607.55 today. The stock has seen a 52-week high of ₹1,755.00 and a 52-week low of ₹676.05. As of 11:19 AM, the shares were trading 1.44% lower at Rs 1,619.00.
