Newgen Software Subsidiary Signs $1.495 Million Digital Transformation Deal with Caribbean Insurer

Newgen Software Technologies' US subsidiary, Newgen Software Inc., has secured a $1.495 million digital transformation contract with a Caribbean-based insurance company. The three-year Master Service Agreement includes licensing, implementation, and annual maintenance of the NewgenONE Digital Transformation Platform. The client's identity remains confidential, and Newgen confirmed no promoter interests in the client. The contract is not classified as a related-party transaction under applicable regulations.