Newgen Software Technologies Pte. Ltd., a Singapore-based subsidiary of Newgen Software Technologies Limited, has secured a five-year Enterprise Content Management System (ECM) contract worth RM 6.47 million (₹13.96 crore) from a leading Malaysian bank. The deal marks a significant international expansion for the company and highlights its growing footprint in the ASEAN region.
Newgen Software Technologies Limited has announced that its wholly-owned Singapore subsidiary has accepted a Letter of Award (LOA) for an Enterprise Content Management System (ECM) project from a prominent Malaysian bank. The contract, valued at RM 6,465,400.80 (approximately ₹13.96 crore), will see the company deliver end-to-end project management services for the ECM system over a five-year period.
The award was made by an international entity based in Malaysia, further solidifying Newgen’s presence in the global market. The project involves comprehensive ECM solutions, supporting the bank’s digital transformation and operational efficiency goals. The details of the award have been disclosed as per SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015.
Notable Updates:
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The order was awarded by a leading bank in Malaysia, with the customer’s identity withheld due to confidentiality.
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The contract involves providing end-to-end project management for an Enterprise Content Management System (ECM).
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The deal is with an international entity based in Malaysia.
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The contract value is RM 6,465,400.80 (₹13.96 crore), to be executed over five years.
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The nature of the contract is the delivery of ECM project management services.
Source: NSE Circular, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015