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| Celent Report Features Newgen Software
as a “Significant Player” in Global Document Management
Market |
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Newgen Software
has been featured in the “Document Management in Banking:
Overview and Solution Spectrum” report published by Celent,
the highly respected international strategy consultancy firm.
The report elaborates the role of documents in
banking, especially focusing at the need for transforming core processes,
managing regulatory risks, improving decision-making and bettering
customer service across channels and products.
The report also analyses various issues and aspects
of Document Management in the banking sector and categorises Document
Management players. At the highest level, the report classifies
Document Management vendors under ‘Document Creation’
and ‘Document Handling’ categories. Document Handling
is a higher category than Document Creation. Among the three subcategories,
viz Market Leaders, Significant Players and Emerging Players, in
the Document Handling category, Newgen Software has been featured
as a Significant Player.
Celent, headquartered in Boston, is a research
and consulting firm focused on the application of information technology
in the global Financial Services industry.
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Newgen bags Frost and
Sullivan Market Leadership Award 2006
Newgen Software has been declared the winner of the Frost &
Sullivan Market Leadership Award for Document Management &
Workflow Software & Services for 2006.
According to research done by Frost & Sullivan for Document
management & Workflow Software & Services category, Newgen
Software has emerged as the single largest player in the market
with highest market share in India. By monitoring market changes
and executing its strategies well, Newgen Software has established
itself as the market leader in Document Management & Workflow
Software & Services industry.
The Award recipients are the
companies that display diligence, perseverance, and dedication required
to develop a successful business plan and the ability to excel in
the increasingly competitive global marketplace. These prestigious
awards are recognized worldwide by the media, the investment community
and end-users.
Newgen Software was selected
for the award for maintaining its hold in the highly competitive
market. According to Frost & Sullivan, Newgen Software displayed
excellence in areas like identification of market challenges, drivers
and restraints, as well as strategy development and methods of addressing
market dynamics.
The methodologies for determining
award recipients were uniform. By conducting interviews with all
the market participants and performing extensive secondary research
of proprietary data, Frost & Sullivan analysts tracked companies'
revenue and market share in industry. All the companies operating
in an industry were then compared and ranked. There were specific
criteria used to ascertain the final rankings in each industry.
Frost
& Sullivan is the world leader in growth consulting and the
integrated areas of technology research, market research, economic
research, corporate best practices, training, customer research,
competitive intelligence and corporate strategy. Frost & Sullivan
recognizes outstanding industry achievements by presenting Frost
& Sullivan Awards to top companies in regional and global markets.
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| NEWGEN Features Among the Top 200 at
Red Herring Asia 2006 |
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Red Herring, a widely
respected body for providing intelligent and definitive insights
into the future technology trends, included Newgen among the top
200 technology companies in Asia. A number of companies from Japan,
South Korea, Australia, China, Taiwan, Singapore, India and whole
of Asia were in the race for the coveted recognition. The top 200
were selected on various factors such as financials, management,
and overall strategic integration into the marketplace. The recognition
puts Newgen as one of the hottest upcoming technology companies
in Asia.
The ceremony for honoring the winners was held
in Hong Kong during Aug 28-30. Red Herring has been diligently identifying
technology companies that have changed the business landscape in
America, Europe and Asia.
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Hareish
Gur, head of marketing, Newgen Software with Joel Dreyfuss, editor-in-chief,
Red Herring during the Red Herring Conference
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| Newgen bags top honors at NASSCOM Product
Summit 2005 |
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Recognizing the
importance of the packaged software business to Indian IT software
firms, NASSCOM in association with N.S. Raghavan Centre of Entrepreneurial
Learning (NSRCEL), Indian Institute of Management Bangalore (IIMB),
hosted the Product Summit 2005 in Bangalore. Newgen was awarded
the top honors for being a leader in packaged software product sector
in India. Mr. Punit Jain, VP Sales and Marketing, received the award.
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Punit Jain, VP-Sales & Marketing, Newgen Software at
NASSCOM Product Summit 2005
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