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Newgen bags USD 1.5 million Caribbean insurance digital platform deal

Story Highlights
  • Newgen’s U.S. subsidiary won a three-year, USD 1.495 million contract to deploy its NewgenONE platform for a Caribbean insurer.
  • The deal, covering licenses, implementation and support, expands Newgen’s international presence and reinforces its insurance-sector focus.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Newgen bags USD 1.5 million Caribbean insurance digital platform deal

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An announcement from Newgen Software Technologies Limited ( (IN:NEWGEN) ) is now available.

Newgen Software Technologies’ U.S. subsidiary, Newgen Software Inc., has signed a Master Service Agreement with an insurance company in the Caribbean to supply, install, and implement the NewgenONE Digital Transformation Platform. The three-year international contract, valued at about USD 1.495 million or INR 13.77 crore, covers licenses, implementation, and ongoing maintenance and support, strengthening Newgen’s footprint in the insurance sector and expanding its presence in overseas markets.

More about Newgen Software Technologies Limited

Newgen Software Technologies Limited is an enterprise software company that provides digital transformation solutions, including its NewgenONE Digital Transformation Platform. The company focuses on workflow automation, content management, and customer engagement for sectors such as banking, financial services, and insurance across global markets.

Average Trading Volume: 450,727

Technical Sentiment Signal: Sell

Current Market Cap: 69.47B INR

For detailed information about NEWGEN stock, go to TipRanks’ Stock Analysis page.

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