Sap ventures invests in innovative and disruptive software and services companies globally. Company newgen software news, employees and funding. Stockshare prices, newgen software technologies ltd ltd. Venture capital investors selling their stakes include idg ventures, sap ventures and ascent capital. Newgen infotech is an indian software outsourcing and offshore development company.
In india and the middle east, we are a dominant player. Riskcapital investors idg venture and ascent capital have bought a minority stake in delhibased technology solutions. For more information, please visit about sap ventures. Ascent capital, idg ventures, vista itcl and sap ventures are buyers in newgen software. Sap ventures is the corporate venture capital arm of sap ag. Newgen venture capital investors including idg ventures, sap. Newgen has registered compounded annual growth rate of 21 per cent over last five years and expects similar growth in coming years. Jan 18, 2018 newgen software technologies ltd, the new delhiheadquartered it firm backed by various private equity and venture capital firms, received a strong response to its initial public offering ipo on its final day on thursday, even as adv partnersbacked amber enterprises india ltds issue was oversubscribed on its second. Newgen software technologies provides business process management, enterprise content management and document management systems. The company has fixed a price band of rs 240245 per share. The company has overseas offices in the us, canada, singapore, united kingdom and dubai. Newgen software ipo aims to raise rs425 crore at the upper end of the price band of rs240245.
Sap ventures buys minority stake in newgen tech for rs 10cr. All content is posted anonymously by employees working at newgen software. Sap ventures invests in software product co newgen software. Newgen software technologies ipo opens 16th jan, should. Newgen software receives investment from sap ventures firstpost. Newgen software technologies limited, today announced. The stake sold is under 10 per cent, newgen md diwakar nigam said without giving the exact stake. Jan 07, 2018 newgen software plans to raise rs 450 crore via ipo.
Venture capital investors selling their stakes in the newgen ipo include idg ventures, sap ventures and ascent capital. Sap ventures buys minority stake in newgen tech for rs 10cr delhibased document management software firm newgen technologies on thursday announced sale of a minority stake to sap ventures, the venture capital arm of sap. Newgen software plans to raise rs 450 crore via ipo. Newgen software is a leading global provider of business process management bpm, enterprise content management ecm and customer communication management ccm, with a global footprint of installations in over 50 countries with large, missioncritical solutions deployed at the worlds leading banks, insurance firms, bpos, healthcare organizations, government, telecom companies.
Sap ventures invests in software product co newgen. About the newgen software technologies limited ipo. Newgen software receives investment from sap ventures investment will provide for the geographical expansion and continued growth of newgen software, indias marketleading business process. Newgen software calls idg ventures, vistra itcl, ascent capital and sap ventures as its investors. As stated by newgen software md diwakar nigam in a. Delhibased document management software firm newgen technologies on thursday announced sale of a minority stake to sap ventures, the venture capital arm of sap, for rs 10 crore. It primarily focuses on business process management, enterprise content management. Newgens first major deal was providing document processing software to digitise paper. Newgen software technologies limited is a vendorprovider of business process management. Newgen software share price, newgen software stock price. Idg, ascent capital buy minority stake worth rs 110 crore in newgen software. Workflow management system market to see huge growth by. Sap venture, the venture capital arm of enterprise software maker sap, has invested rs 10 crore in new delhibased software product company newgen software technologies ltd for a minority stake.
Software services and support as the name suggests, newgen software technologies is into developing software products that effectively offer a platform. Idg, ascent capital buy minority stake worth rs 110 crore in. The segment in which we operate is a usd 18 billion industry globally and expected to be usd 30 billion. Jan, 2018 newgen software offer for sale ofs the venture capital investors that are selling their stakes consist of idg ventures, ascent capital and sap ventures.
Newgen software is a vendorprovider of business process management bpm, enterprise content management ecm, customer communication management ccm, document management system dms, workflow. Newgen software technologies is registered under the ticker nse. Riskcapital investors idg venture and ascent capital have bought a minority stake. Newgen ipo gets over 4 times subscription on the last day. Newgen software technologies limited is a privately held it company headquartered in new delhi, india. As the name suggests, newgen software technologies is into developing software products that effectively offer a platform to its clients for rapidly develop applications addressing their strategic business needs.
It firm newgen software technologies ltd, which counts ascent capital and. Newgen sap image enablement connector free download and. Free to try newgen software technologies windows 2003server 2008 version 7. Logo of venture round newgen software technologies. Ascent capital, idg ventures, vistra itcl and sap ventures are investors in newgen software. With this ipo, newgen venture capital investors including idg ventures, sap ventures and ascent capital will also take an exit.
Workflow management system market to see huge growth by 2026. Jan 08, 2018 ascent capital, idg ventures, vistra itcl and sap ventures are investors in newgen software. Newgen software share price, newgen software stock price, newgen software technologies ltd ltd. Newgen software is a leading global provider of business process management bpm, enterprise content management ecm and customer communication management ccm, with a global. Newgen software technologies limited ipo newgen software. Sap ventures invested in the company in 2008, and ascent and idg in 2014. It deals with product and service based applications. He invests in startups which he believes are developing groundbreaking products and services, and have embarked on their journey to become a company of consequence. It also has services for customer communications management, document management systems and workflow and process automation. Newgen software has investors like ascent capital, idg ventures, vistra itcl, and sap ventures.
Post this ipo newgen venture capital investors including idg ventures, sap ventures. Newgen software technologies limited ipo newgen software ipo. Post this ipo newgen venture capital investors including idg ventures, sap ventures and ascent capital will. Newgen software among cloud top 500 software vendors apps. Newgen software is a leading global provider of business bpm, ecm, ccm, case management, dms,workflow and process automation software. Newgen software is a global provider of business process management bpm, enterprise content management ecm, customer communication management ccm solutions with a footprint in 66. Like ascent, both idg and sap ventures are exiting the company.
Newgen software technologies ltd, the new delhiheadquartered it firm backed by various private equity and venture capital firms, received a strong response to its initial public offering. Their latest funding was raised on jan 15, 2018 from a venture series unknown round. The lot size is 61 shares so retail investors can apply in the multiple of 61 shares. The company has done a commendable job of growing top line in each of the last four years. Newgen software recruitment 20182019 job openings for. Ipo of it company newgen software subscribed 18% on day 1.
It has seen lots of great software services companies from india. Newgen software technologies limited is a provider of business process management, enterprise content management and customer communication management platforms with large, mission. Sep 12, 2008 sap ventures, the venture arm of business software corporation sap, has made an investment of undisclosed size in newgen software technologies, according to venturewire. Newgen software technologies limited is a vendorprovider of business process management bpm, enterprise content management ecm, customer communication management ccm, document management system dms, workflow and process automation software. Indiabased business management services provider newgen software technologies has filed for an ipo that will provide exits for ascent capital, idg ventures india and sap ventures. Newgen will use the proceeds to fund continued growth, including. Sep 11, 2008 sap ventures buys minority stake in newgen tech for rs 10cr delhibased document management software firm newgen technologies on thursday announced sale of a minority stake to sap ventures, the venture capital arm of sap, for rs 10 crore. Newgen software technologies ltd has priced its shares in a price band. Besides, existing shareholders sap, idg ventures and accent capital will exit post the ipo. We have started out increasing our foreign places footprint. First hsbc private equity picked up a minority stake in the company, followed by sap ventures. Newgen software gains on stock market debut vccircle. Jan 16, 2018 remaining shares will be sold by the existing employees of newgen software.
Newgen software offer for sale ofs the venture capital investors that are selling their stakes consist of idg ventures, ascent capital and sap ventures. The ipo comprises fresh issue of up to rs 95 crore by the company. Newgen software technologies, a new delhibased software product company, has announced that sap ventures, a division of sap ag, has. Mclain, va, september 17, 2008 newgen software technologies limited, a new delhibased software product company today announced that sap ventures, a division of sap ag, has invested in the. With this ipo, newgen venture capital investors including idg ventures, sap ventures, and ascent capital will also take an exit. Jan 28, 2018 newgen has registered compounded annual growth rate of 21 per cent over last five years and expects similar growth in coming years. Newgen software technologies funding rounds crunchbase. Newgen software receives investment from sap ventures. Newgen software, established in 1992, deals in business process management software for banks, business process outsourcing firms, government organisations and sell products across 60 countries.
Pebacked newgen software gets sebi nod for ipo vccircle. Newgen software to raise around rs 450 crore through. Newgen softwares investors included ascent capital, idg ventures and sap ventures. Jan 11, 2018 the ipo comprises fresh issue of up to rs 95 crore by the company.
Jan 29, 2018 newgen software, washington, district of columbia. Sap ventures, the venture arm of business software corporation sap, has made an investment of undisclosed size in newgen software technologies, according to venturewire. Newgen software technologies ipo opens 16th jan, should you. Jai is a managing director, president and cofounder at sapphire ventures. Sap ventures buys minority stake in newgen tech for rs. He invests in startups which he believes are developing groundbreaking products and services, and have embarked on their. Ascent capital, idg ventures and sap ventures will exit their. They will get about rs 325 crore, newgen software technologies managing director diwakar nigam told reporters here. In the last five years, it has doubled revenues which is a terrific achievement. Apr 10, 2020 ascent capital, idg ventures, vista itcl and sap ventures are buyers in newgen software. Idg, ascent capital buy minority stake worth rs 110 crore. More recently, newgen software won the prestigious cnbc emerging india awards 2008 for the it, ites and ice category.
It firm newgen software technologies will launch its initial public offer ipo on january 16 as it looks to raise over rs 400 crore from the market. Newgen software technologies limited ipo gmp details. Newgen software technologies limited is a vendorprovider of business process management bpm, enterprise content management ecm, customer communication management ccm, document management system dms, workflow and process automation software shares were allocated to nine investors at. The list of companies sapphire ventures has directly invested in since becoming an independent venture capital fund in 2011. Newgen software is a leading global provider of business process management bpm, enterprise content management ecm, and customer communication management ccm solutions. Newgen software technologies limited, today announced that sap ventures has invested in the company for a minority ownership. The price band of the newgen software technologies ipo is in the range of. Newgen to launch rs400 crore ipo on 16 january livemint. Newgen was founded by diwakar nigam, its current ceo, in 1992 as his second attempt at starting a business. Ascent capital is expected to sell almost its entire 11. Some of the venture capitalists which are selling the stake are idg ventures, sap ventures, and ascent capital. Sap invests in indian software company newgen venturebeat.
Newgen software recruitment 20182019 job openings for freshers. Newgen software technologies limited, a leader in the field of business process management bpm and enterprise content management ecm. Read more about newgen software plans to raise rs 4. Press release workflow management system market to see huge growth by 2026 ibm corporation, oracle, newgen software technologies limited. Newgen software technologies ltd has priced its shares in a price band of rs240245 per share. Vccircle had previously reported that the pe and vc. Mar 11, 2020 press release workflow management system market to see huge growth by 2026 ibm corporation, oracle, newgen software technologies limited. It is one of the unique software product company from india that has global footprint.
260 784 1136 1563 770 1498 135 865 122 750 1381 336 188 1358 1378 515 935 709 331 780 87 1387 1343 410 481 583 845 809