Newgen Software Subsidiary Secures International SOW for Cloud and Implementation Services
Newgen Software Technologies Limited, through its wholly owned subsidiary, Newgen Software Technologies (UK) Limited, has secured a Statement of Work (SOW) with an overseas client. The agreement covers the provision of Software licenses, Cloud Services, and Implementation services for the customer.The total value of the SOW amounts to GBP £1,125,608.
The contract is sourced from an international entity located in the United Kingdom. According to the details provided, the agreement mandates the provision of Newgen's Enterprise Content Management platform across the organization. This comprehensive service includes Software licences provided on Cloud, along with Implementation and Migration Services.
The key parameters of the executed SOW are detailed below:
| Parameter | Detail |
|---|---|
| Contract Value | GBP £1,125,608 |
| Nature of Order | Provide Newgen's Enterprise Content Management platform across the Organization. Includes Software licences provided on Cloud, Implementation and Migration Services. |
| Customer Country | United Kingdom |
| Contract Origin | International |
| Execution Period | 3.5 Years |
The transaction is noted as an international contract award for the company, reinforcing the focus on providing sophisticated content management solutions to global clients.
NEWGEN Stock Price Movement
Newgen Software Technologies Limited shares gained 0.96% on Wednesday, closing at ₹493.05. The equity settled on strong buying interest, trading an aggregate volume of 867,642 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.