Deals24 Sept 2025, 03:46 pm
Newgen Software Technologies Ltd Secures € 4,222,683 Contract for Cloud-based Enterprise Records Management Platform
AI Summary
Newgen Software Technologies Ltd, through its UK subsidiary, has executed a Master Service Agreement with a customer for cloud hosting, software license, and implementation services. The contract is valued at € 4,222,683 (Euro Four Million Two Hundred Twenty-Two Thousand Six Hundred Eighty-Three Only) and involves providing a modernized cloud-based enterprise records management platform for a five-year period. This transaction does not fall under the definition of a related party transaction as per the Companies Act, 2013.
Key Highlights
- Newgen Software Technologies Ltd secures a € 4,222,683 contract for cloud-based enterprise records management platform
- The contract involves cloud hosting, software license, and implementation services
- The contract period is for five years
- The transaction does not fall under the definition of a related party transaction as per the Companies Act, 2013
- The contract was awarded to Newgen Software Technologies (UK) Limited, a wholly owned subsidiary of the Newgen Software Technologies Limited