Newgen Software Technologies L.L.C., a subsidiary of Newgen Software Technologies, has secured a contract in the UAE with a value of AED 5,309,103 (approximately ₹13.07 Crore). The agreement involves providing Newgen Software licenses, implementation, and support services for an automatic exchange of information system. The project is expected to be completed within 3 years.
Newgen Wins International Project
Newgen Software Technologies L.L.C. has entered into an agreement with a large government organization based in the UAE to provide Newgen Software licenses, implementation, and support services. The project aims to implement an Automatic Exchange of Information system.
Contract Details
The total value of this new agreement is AED 5,309,103 (approximately ₹13.07 Crore). This figure excludes value-added tax. The project is slated to take 3 years to complete.
Significance of the Agreement
This agreement demonstrates Newgen’s continued expansion in the international market and highlights the demand for its automation solutions. It provides revenue visibility over the contract duration.
Source: BSE
