Newgen Secures a Patent for Remote

 Newgen Secures a Patent for Remote
E-mail Access through SMS

Patent to Help Newgen’s Customers Deliver More Responsive and Effective Communications

Newgen Software, a global provider of low code digital automation platform, has announced that the Indian patent office has granted a patent (No. 351944) for its invention entitled “Remote E-mail Access through Short Message Service (SMS)” for a term of 20 years commencing from the 16^th day of February 2010 in accordance with the provisions of the Patents Act, 1970.

The technology enables mobile phones (especially a feature phone) to access email remotely using an SMS or a multimedia messaging service (MMS). It paraphrases the email and converts to a format which is communicable as an SMS/MMS. Further, there is an intelligent message filter and processor which removes the extra information, such as advertisements, disclaimers, and images from the email. The user can reply in the format of an SMS which is then transmitted to the sender as an email.

"We are pleased with the issuance of this patent. It, once again, underlines our commitment to deliver the best-in-class technologies as we proceed to strengthen and empower our clients with cutting-edge applications to help them stay ahead of the curve. The technology will facilitate organizations in enabling customer’s journeys and delivering a delightful experience “ said Diwakar Nigam, MD, and Chairman, Newgen Software.

Annually, Newgen invests 9-10% of its revenue on research and development and has a skilled team of about 500 people with deep domain expertise. The patents acquired by Newgen further strengthen its leadership in building cutting-edge, industry-specific applications, instrumental in driving digital transformation across organizations worldwide.

Newgen has filed 44 patents till date, out of which 17 have been granted in India and the US.

Newgen Positioned as a Visionary in Gartner Magic Quadrant

Newgen Positioned as a Visionary in Gartner Magic Quadrant
for Content Services Platforms

The report recognizes Newgen’s ECM platform for the 12th consecutive year

Newgen Software, a global provider of low code digital automation platform, announced that it has been positioned as a Visionary in the Gartner Magic Quadrant for Content Services Platforms, November 16, 2020, authored by Michael Woodbridge

The report evaluates 18 different vendors offering content services platforms (CSPs) based on their ability to execute and completeness of vision. The complimentary copy of the Gartner report can be downloaded from the Newgen website.

“Content is the backbone of every organization. Empowering employees with contextual information can help organizations in informed interactions with their customers and other stakeholders. We believe this inclusion by Gartner recognizes our efforts towards enabling enterprises in streamlining their content and ensuring remote, secure access to relevant information. At Newgen, we believe in continuous innovation and making our products scalable, agile, and future-ready,” said Diwakar Nigam, MD and Chairman, Newgen Software.

Newgen OmniDocs, a fully-featured CSP, enables organizations across the globe with document management, multichannel capture and scanning, records management, and content analytics. The platform connects content and processes with context and allows for automation with agility.

*Authored by Michael Woodbridge, Marko Sillanpaa, Lane Severson

Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Newgen Software Reports Net Profit of

Newgen Software Reports Net Profit of Rs 29.2cr in Q2 FY’21, up 220% QoQ

Newgen’s Low Code Digital Automation Platform empowers Enterprises in rapidly building and deploying applications

The management of Newgen Software Technologies Ltd. announced results for the Quarter ended 30 September 2020 at its Board Meeting held on 21

Speaking about the results, Mr. Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd. said – “We are happy to announce good results this quarter. We witnessed demand uptick from our existing customers and new customers with successful remote execution, achieving highly profitable operations.   Going forward, we see a definite shift towards digital transformation, using low code development and cloud platforms. We have been recognized for the first time, in Gartner’s Magic Quadrant for Enterprise Low-Code Application Platforms.  Newgen’s platform enables rapid application development and offers scalability and agility to an enterprise. This low-code market is rapidly growing and is expected to proliferate  fast in enterprises in the coming 2-3 years. We are glad to be in the midst of this growth market and see great opportunity for Newgen.   We also acquired 17 new logos in this quarter. In Covid-19 era, digital resilience has become a global priority, and we see increased interest across geographies. We are witnessing strong growth in our cloud revenues and expect to make good progress in the coming quarters.     Superior customer experience, differentiated value proposition and operational efficiency measures remain our key strategies, helping us sustain growth and profitability”.

 

Key Consolidated Financial Highlights (Q2 FY’21)  Revenue from operations (Consolidated) at Rs 155.0 crores as compared to Rs 154.0 crores in Q2 FY’20 (up 0.7% YoY,  17% QoQ). ·         Annuity revenue streams (ATS/AMC, Support, and Cloud/SaaS) witnessed a growth of 8% YoY (12% QoQ) and reached Rs 97.8 crores improving long-term visibility of the business ·         Revenue from Sale of Products/License were at Rs 26.4 crores ·         Implementation & digitization revenues were at Rs 30.8 crores EBIDTA up by 350% YoY at Rs 41.1 crores compared to Rs 9.1 crores in Q2 FY’20 Profit after tax up by 592% YoY at Rs 29.2 crores from Rs 4.2 crores in Q2 FY’20 based on strong cost rationalization initiatives undertaken by the Company

Key Business Highlights (Q2 FY’21)

·         Newgen has been Positioned as a Niche Player in the Gartner Magic Quadrant for Enterprise Low-Code Application Platforms, September 30, 2020*. Newgen provides a robust digital platform to automate business processes has flexible licensing and deployment options, with the ability to deliver wider enterprise solutions with tremendous value

·         Growth momentum in Cloud continues: Newgen's cloud-based solutions provide reliable, uninterrupted, and secure service to customers. Cloud revenues witnessed a growth of 42% YoY during the quarter

·         Increasing share in the growth markets: Growth momentum continues in new markets. Newgen’s revenues from the US and APAC region witnessed robust growth of 11% YoY and 39% YoY respectively

·         17 New Customer Logos addition in the Quarter, including

o   License Deal with a premier student loan financing organisation in the Americas.

o   Providing solutions for a very large international bank in Singapore, with more than 150 years of banking history

o   Solution implementation for a US Bank

·         Accelerated performance in Banking & Financial Services, Shared Services and Government/PSU, verticals with increased demand for digital transformation initiatives in these sectors

·         Launched new products -  OmniXtract 3.0, an enhanced and efficient version of intelligent data extraction software, which leverages intelligent technologies

Newgen Recognized for the First Time in

 Newgen Recognized for the First Time in Gartner Magic Quadrant
for Enterprise Low-Code Application Platforms

Newgen named as a niche player for low-code application platforms (LCAP)

 Newgen Software, a global provider of low code digital automation platform, announced that it has been positioned as a Niche Player in the Gartner Magic Quadrant for Enterprise Low-Code Application Platforms, September 30, 2020, authored by Paul Vincent* et al.

The report evaluated 18 different low code application platform vendors and has named Newgen for the first time. The complimentary copy of the Gartner report can be downloaded from the Newgen website.

“Enterprises today look for speed and agility, and we believe this recognition by Gartner validates our efforts towards empowering our customers in rapidly building and deploying applications with a low code platform. We are continuing to foster a culture of innovation and make our platform more intuitive for both IT and business developers,” said Diwakar Nigam, MD and Chairman, Newgen Software.

Gartner estimates, “By 2023, over 50% of medium to large enterprises will have adopted an LCAP as one of their strategic application platforms.”

Newgen's low code digital automation platform enables a modeling-driven environment to design and develop end-to-end applications and processes, reducing IT dependency, increasing process and operational efficiency, and delivering superior customer experience.

*Authored by Paul Vincent, Yefim Natis, Kimihiko Iijima, Jason Wong, Saikat Ray, Akash Jain, and Adrian Leow

Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Streamline End-to-end Records and

Streamline End-to-end Records and Ensure Compliance with Newgen’s Advanced Records Management System

An Enhanced Version of Newgen's Records Management Software Launched

Newgen Software, a global provider of low code digital automation platform for managing content, processes, and communication, has launched RMS 3.0 service pack 1, an enhanced version of its records management system (RMS).

The latest version of the software enables end-to-end management of physical and electronic documents and records while retaining their integrity and authenticity. The software manages record lifecycle, from creation, usage, storage, and maintenance to destruction or preservation, per the organizational policies and legal mandates. It enables indexing, archival, movement tracking, and search of documents and helps define the filing, retention, and preservation rules for records.

"In times when paper-based records are becoming irrelevant and organizations are embracing a digital-only environment, it is critical to have an efficient records management system. 

The enhanced version of our records management software will help organizations simplify the process of managing business-critical records while maintaining security and ensuring regulatory compliance. Organizations will be able to easily store, manage, and access vital records, enabling smarter decision-making, increased efficiency, and enhanced customer experience. 

Moreover, employees can avoid touching paper-based documents,” said Diwakar Nigam, MD, and Chairman, Newgen Software.

Key features of the new version include:

·         UI/UX and Usability Enhancements: The user interface (UI) has been refreshed using responsive design framework for a better user experience

·         Enhanced Security: RMS admin and web panels are now separated, and only authorized users can access the admin panel. New security-related component—security classification—has been added

·         Improved Compliance: The software is compliant with the United States Department of Defense (DoD) 5015.02 Standard for Records Management (DoD 5015.02 -STD April 2007), and NRAA (National Records & Archives Authority, Oman)

·         Easy Search Capabilities: Users can search records based on their content and metadata through a single search text box

·         Incorporation of EasyRMS: EasyRMS has been incorporated which allows users to access functionalities of RMS from OmniDocs

Newgen products are built on its digital automation platform, with low code capability. The platform enables rapid business application development and offers agility for sustainable and continuous improvement, thereby future-proofing enterprises. Furthermore, the platform’s capabilities, including mobility, social sensing, analytics, cloud, robotic process automation, and artificial intelligence help in accelerating the digital initiatives of enterprises.

Newgen Software reports Revenues of Rs 285cr in H1 FY’20, up 11% YoY

The management of Newgen Software Technologies Ltd. announced results for the Quarter and Financial period ended 30 September 2019 at its Board Meeting held on 22 October 2019.

Speaking about the results, Mr. Diwakar Nigam, Chairman & Managing Director, Newgen Software Technologies Ltd. said – “During H1 FY’20, we witnessed growth across geographies with APAC and Americas region remaining strong. Our efforts on new logos have resulted in us adding 38 new logos including 6 cloud deals in Banking & Healthcare segments in Americas region.

Q2 FY’20 was particularly slow for us given the market headwinds in India and EMEA region. However, we continue to remain focused on our operations and in investing in building capabilities for the future.”

Highlights – Q2 FY’20