Newgen Software, a global leader in the realm of low-code digital transformation platforms, has recently unveiled its latest expansion initiative in Riyadh, Kingdom of Saudi Arabia (KSA), marking a significant step towards strengthening its footprint in the Middle East. This strategic move augments the company's existing subsidiary in Dubai, United Arab Emirates (UAE).
"Our primary focus is on emerging markets, which offer several opportunities for our business to grow, and we are keen on strengthening our digital presence in these markets," said Virender Jeet, CEO of Newgen Software. "Saudi is a key area that has great potential for Newgen. We aim to promote the best of local talent and contribute to the growth story of the economy," said Vivek Bhatnagar, Vice President of Sales (EMEA).
At present, Newgen's influence extends across a staggering 74 countries, showcasing its impressive portfolio of applications tailored for 17 diverse industry sectors. Newgen's global presence is further solidified through subsidiary offices in key locations such as the United States, Canada, United Kingdom, Australia, Singapore, UAE, and now, KSA. With a commendable revenue tally of $121 million in the fiscal year 2023, the company has firmly established itself as the preferred partner for a myriad of global industry leaders. Notably, Newgen collaborates with prominent banks, insurance companies, healthcare institutions, government entities, telecommunications firms, and shared service centres.
On the global stage, Newgen's renowned low-code application platform serves as the linchpin for countless successful enterprises seeking to design and deploy intricate, content-driven, and customer-centric business applications in the cloud. NewgenONE, the flagship solution, empowers comprehensive automation at an enterprise scale, bolstered by its inherent low-code framework encompassing all facets of business processes, content management, communication, and even artificial intelligence integration. This innovative platform seamlessly integrates content into applications, enabling real-time access to critical information across sprawling enterprises, regardless of geographical distribution. NewgenONE's capabilities extend to facilitating real-time transaction processing through intelligent handling of incoming documents and data, further amplified by AI-driven automated routing and adherence to customized business rules.
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