Newgen Among Top 100 Global Tech Firms: Red Herring

The Red Herring list comprises companies from North America, Europe and Asia

McLean, VA, January 27, 2010 --( Newgen Software Technologies Limited, a market leader in Business Process Management (BPM) and Enterprise Content Management (ECM) has been declared as one of the top 100 global technology companies by Red Herring survey. Red Herring is a widely respected body for providing intelligent and definitive insights into the future technology trends.

This recognition by Red Herring was given to Newgen on the basis of its financial performance, technology innovation, quality of management and execution of its strategy. This acknowledgment has put Newgen as one of the hottest technology companies in the world.

Commenting on the recognition, Mr Diwakar Nigam, Managing Director, Newgen Software said, ‘This appreciation by Red Herring is a significant corroboration of our efforts in technology innovation and bringing out the best in the market. We stand proud and feel motivated to continue implementing new product strategies.’

Red Herring’s Global 100 list has become a mark of distinction for identifying promising companies and entrepreneurs. This list is an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world.

“Choosing the best out of the previous three years was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists. Trying to get it down to 100 companies was a task upon itself. The top 100 companies who were chosen should be extremely proud, the competition was difficult.”

With strong presence in emerging markets, Newgen has won yet another great opportunity in strengthening their leadership position in the global market. Red Herring has been diligently identifying global technology companies that have changed the business landscape across geographies.

Recently, Newgen has also launched eight new products in the BPM and ECM space. These eight new product offerings include OmniMail™- an email archival solution, Output Management System™- a variable data publishing solution, Invoice Processing solution, Image Enablement of SAP™ ERP, Newgen Print Center™- a centralized and secured printing solution, OmniCompliance™- a Governance,Risk and Compliance (GRC) solution and OmniDocs On-Demand™- an enterprise-class Document Management software in a Software-as-a-Service (SaaS) model.

About Red Herring

Red Herring Inc., founded in 1993 and headquartered in California, is a media company whose mission is to cover innovation, technology, financing and entrepreneurial activity. Its staff of award-winning journalists tell readers what's first, what matters and most importantly, why. The journalists, research specialists and newsletter editors investigate on a global basis and report how the world of innovation and entrepreneurship are transforming business and how the business of technology is transforming the world.

About Newgen

Newgen Software Technologies Limited is the market leader in Business Process Management (BPM) and Enterprise Content management (ECM), with a global footprint of about 750 installations in over 35 countries. More than 100 of these implementations are large, mission-critical solutions deployed at the world's leading BFSI, BPO and Fortune Global 500 companies.

Newgen is recognized by distinguished analyst firms like Frost and Sullivan as A 'Hot Company to Watch for' in their global ECM Market report, 2009 and by IDC in its exclusive report “Newgen Software: Global Leader in Business Process Management and Document Management Solutions”. Newgen is a winner of prestigious award, such as CNBC-TV18, “Emerging India Award 2008”.

With HSBC and SAP investment, Newgen is one of the rare product companies to have backing of both leading financial and technology companies of the world. Newgen’s Quality Systems are certified against ISO 9001:2008 and Information Security Standard, ISO 27001:2005. Newgen has been assessed at CMMI Level3.

For Further Information:
Newgen Software Technologies Limited
Rohit Thakur: Tel: +91-11-4653 3200, Mob: +91-9899294868

Newgen Software Technologies
Max Dixit
1364 Beverly Rd, Ste 300
McLean, VA 22101