Newgen Software Technologies Limited is a vendor/provider of Business Process Management, Enterprise Content Management, Customer Communication Management, Document Management System, Workflow and Process Automation software. Shares were allocated to nine investors at ₹250 apiece, the upper end of the price band of ₹240-245 for the Newgen IPO. Institutional investors that participated in the anchor book allocation include Goldman Sachs India Ltd, HDFC Trustee Co. Ltd, Forefront Alternative Investment Trust, Aditya Birla Sun Life Pvt. Ltd, BNP Paribas Arbitrage and SBI Mutual Fund, among others. It had investors namely SAP Ventures, Ascent Capital & IDG Ventures before filing of its IPO at SEBI. Earlier, its investors were SAP Ventures & HSBC Private Equity. It primarily focuses on Business Process Management, Enterprise Content Management. It also has services for Customer communications management, Document Management Systems and Workflow and Process Automation. According to industry analyst firm Forrester Research, Newgen is a strong performer in ECM space. Newgen has been featured in Ovum Decision Matrix, 2011. Its BPM/ECM suite includes OmniScan, OmniDocs, OmniFlow and iBPS. Newgen was founded by Diwakar Nigam, its current CEO, in 1992 as his second attempt at starting a business. Newgen's first major deal was providing document processing software to digitise paper documents for Canon Inc., which licensed it, and partnered with Citibank India. As of March 2019, its revenue was 6,206 million INR. In April 2011 Newgen started creating their Global Channel Network. As of April 2018 Newgen has established a Channel Partner network across 65 countries around the world. Newgen Channel team is also responsible for opening new territories like Brazil, Cambodia, Mongolia and many more. In 2015, Business Today ranked Newgen as the best small/medium enterprise overall and for services. In May 2016, Newgen released its NEMF app, an enterprise-grade mobile capture app that was developed in partnership with Microsoft India. It offers geolocation, image capture, editing tools, and task management capabilities on mobile devices. The company motto is "One World, One Workplace". Currently motto has been changed to "Reinvent Your Workplace".As of July 2019, it employed 3000 people worldwide and has offices in India, Singapore, the United Arab Emirates, Canada, United Kingdom and the United States. Newgen has applied for IPO in September 2017 with Securities and Exchange Board of India, which was approved by the later on 13 November 2017. From the proceeds, the company is planning to purchase and furnish office premises within India and abroad.
