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New Delhi, India, 2009/07/30 - The recognition by Frost & Sullivan to Newgen Software as a hot company has been given due to its aggressive market expansion goals across the globe, the company’s focus on providing total solutions.
Newgen Software Technologies Limited, a market leader in Business Process Management (BPM) and Enterprise Document Management, announced today that it has been acknowledged by leading research and consulting firm Frost & Sullivan as a hot company to watch for in the enterprise content management market according to the Frost & Sullivan Hot Company Watch list 2009.
The recognition by Frost & Sullivan to Newgen Software as a hot company has been given due to its aggressive market expansion goals across the globe, the company’s focus on providing total solutions to modernize disparate content management and organizational tools and the capability to provide end-to-end business process management tools.
Commenting on the recognition Mr. Diwakar Nigam - Managing Director, Newgen Software, said “The acknowledgement by Frost and Sullivan is a significant validation for our efforts to successfully demonstrate the ability to build superior products and consistently execute on unique product strategies. We believe that with our renewed focus on the Financial and Telcom sectors in the emerging Asian markets will help us gain a larger share of the ECM and BPM market.”
According to Frost & Sullivan, “Newgen Software has been identified for having the potential to grow over the next 12 months due to its current initiatives. The company retains an impressive customer base that demonstrates and fortifies its products’ reliability, scalability and ability to provide end-to-end business process management tools.”
“Newgen Software Technologies has expanded its footprints to 35 countries with over 750 installations. The company has effectively focused on providing best-fit solutions for local and regional needs, while allowing for the scalability companies need to both grow into and operate on a global scale.”
About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO’s Growth Team™ with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies.
Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents.
About Newgen Software
Newgen Software Technologies Limited (newgensoft) is the market leader in Business Process Management (BPM) and Document Management System (DMS), with a global footprint of about 750 installations in over 35 countries. More than 100 of these implementations are large, mission-critical solutions deployed at world's leading BFSI, BPO and Fortune Global 500 companies.
Newgen is recognized by distinguished analyst firm IDC in its exclusive report “Newgen Software: Global Leader in Business Process Management and Document Management Solutions.” With HSBC and SAP investment, Newgen is one of the rare product companies to have backing of both leading financial and technology companies of the world.
Winner of prestigious awards, such as CNBC-TV18 “Emerging India Award 2008”, Frost and Sullivan's “Market Leadership Award for Document Management System and Workflow Software & Services” and “Distinguished Application Product Company” by NASSCOM, Newgen’s Quality Systems are certified against ISO 9001:2008 and Information Security Standard, ISO 27001:2005. Newgen has also been assessed at CMMI Level3.