Newgen Software Technologies’ subsidiary has secured a Letter of Award (LOA) for implementing its Business Process Management platform for a customer in Kuwait. The deal is valued at KWD 1,736,052 (approximately One Million Seven Hundred Thirty-Six Thousand Fifty-Two Kuwaiti Dinars). The project will involve software licensing, implementation, and support services, and is expected to be completed within 2 years.
Kuwait Project Award
Newgen Software Technologies LLC, a subsidiary of Newgen Software Technologies, has received a Letter of Award (LOA) from a Kuwait-based customer for the implementation of its Business Process Management (BPM) platform.
Contract Details
The total value of the contract is KWD 1,736,052 (Kuwaiti Dinars One Million Seven Hundred Thirty-Six Thousand Fifty-Two Only). This includes software licensing, implementation, and ongoing support services.
Project Scope
The project involves the deployment and customization of Newgen’s BPM platform. The implementation will provide the client with an advanced platform to streamline their business processes, improve operational efficiency, and ensure compliance.
Timeline
The project is expected to be completed within a timeframe of 2 years, with implementation beginning immediately. The revenue impact is expected to be recognized over the project duration.
Strategic Significance
The successful award of this project in Kuwait underscores Newgen’s expertise in delivering BPM solutions to international clients. This win further strengthens Newgen’s presence and capabilities in the Middle East market. It highlights the increasing demand for digital transformation solutions and business process automation in the region.
Source: BSE
