Newgen Software, leader in BPM and ECM wins the CNBC Emerging India Award

McLean, VA and New Delhi, July 9, 2008: Newgen Software Technologies limited, a leader in the field of Business Process Management (BPM) and Enterprise Content Management (ECM) is pleased to announce that it has won the CNBC-TV18 & ICICI Bank Emerging India Awards that honour the best small and medium enterprises in India. The award was felicitated in a grand ceremony in London yesterday by the Honorable Commerce Minister, Kamalnath and India's steel tycoon, L N Mittal to Mr. Diwakar Nigam, Managing Director, Newgen Software in the “Information Technology, Communications and Entertainment (ICE) & IT enabled Services (ITeS)” category.

The Emerging India Awards are considered among India’s biggest business awards. It is a pioneering initiative to promote and recognize the undying entrepreneurial spirit of India's most globally competitive SMEs. The theme for the award this year was ‘Think Global Go Global’. The award this year was judged across 17 categories. Newgen emerged as a winner in the “Information Technology, Communications and Entertainment (ICE) & IT enabled Services (ITeS)” category and is recognized as an Indian software company redefining Indian business' stature on the global map.

Sharing his sentiments on the occasion, Mr. Diwakar Nigam, MD, Newgen Software said “I am proud to accept this award on behalf of the entire Newgen family. This award is a reflection of the hard work and dedication of each and every employee of Newgen. It also goes to our customers whose feedback and support has helped us become what we are today. I would compliment CNBC TV-18 and ICICI Bank for taking this noble initiative to institute these awards and acknowledging our efforts.”

He adds, “Building a product and taking it worldwide has been Newgen’s vision from the time of inception. This recognition will further help us in our effort to go Global and make our mark as a state-of-art product company from India.”

About Emerging India Awards

CNBC TV-18 and ICICI bank present The Emerging India Series, a pioneering initiative to promote and recognize the undying entrepreneurial spirit of our country. The Emerging India Awards are considered India’s biggest business awards. The event is being conducted for the 4th year in a row now. Powered with the capability of shaping the future of Indian SMEs, this is India's most definite platform for recognition and felicitation of Small and Medium Enterprises.

This award aims at recognizing the best sustainable value creators among small and medium enterprises in the country. The award is jointly promoted by ICICI Bank (one of India’s largest financial institutions) and CNBC-TV18 (leader in the business news space). The multi-stage evaluation and selection process is very rigorous and spread over three months. CRISIL (India’s leading ratings, research, risk and policy advisory company) was tasked with this responsibility and focused on striking an appropriate balance between quantitative and qualitative parameters. They evaluate business models, competitive strength, management quality and depth, past performances and future expectations.

This is the largest awards function in India (Limca Book of Records) and, possibly, one of the largest in the world in terms of scope and scale (contender in the Guinness Book of Records).

About Newgen Software

Newgen Software is a market leader in Business Process Management (BPM) and Enterprise Content Management (ECM), with a global footprint of about 700 installations in over 30 countries. More than 100 of these implementations are large, mission-critical solutions deployed at world's leading BFSI, BPO and Fortune Global 500 companies.

Newgen is recognized by distinguished analyst firms like Gartner in its report “Magic Quadrant for Business Process Management Suites, 2007” and IDC in its exclusive report “Newgen Software: Global Leader in Business Process Management and Document Management Solutions.”

Recognized by Celent as ‘Significant Player’ in Banking DMS report, Newgen Software is an ISO 9001:2000, ISO 27001 certified and CMM Level 4 Company.

Website: www.newgensoft.com

For further information, contact:

Max Dixit

Newgen Software, Inc

1364 Beverly Rd

McLean, VA 22101