Newgen Strengthens Presence in South East Asia. Forays in Vietnam.

McLean, VA, September 15, 2008 --(PR.com)-- Newgen Software Technologies limited, a leader in the field of Business Process Management (BPM) and Enterprise Content Management (ECM) announced that it has secured a landmark deal with TienPhong Bank in Vietnam. This order marks Newgen’s entry into Vietnam, further strengthening its leadership position in South East Asia.

TienPhong Bank is one of the new banks to start operations in Vietnam. The bank has recently received its establishment and operation permit from the State Bank of Vietnam. The bank is complimented with diverse products and services portfolio and wants to grow by creating a modern bank in operations and structures right from the time of its inception.

The bank chose Newgen solution, consisting of OmniDocs and OmniScan, to automate its branches and provide better customer service leading to enhanced productivity and faster decision making. The solutions will help the bank to align all bank records across various LoBs of the bank in a digital archive.

Talking on the occasion Diwakar Nigam, Managing Director, Newgen Software said, "We are happy to partner with TienPhong Bank in their endeavor to strengthen their operations and meet the challenges emerging from a rapidly evolving Vietnam market.”

Newgen has implemented its solutions at leading banks in India and across the globe. Some of these banks include HSBC, Deutsche Bank, ABN-AMRO Bank, Bank Of America, Standard Chartered, ICICI Bank, HDFC Bank, IDBI Bank, State Bank Of India, ING Vysya Bank, Punjab National Bank, Karnataka Bank, Bank of Baroda, Kotak Mahindra Bank, Mashreq bank, Abu Dhabi Commercial Bank, RAK Bank, Bank Al Jazira, National Commercial Bank, Bank of Tanzania, Ecobank, Exim bank, Hua Nan Bank and Cathay United Bank.

About TienPhong Bank

TienPhong Bank is one of the new banks to start operations in Vietnam. The bank has recently received its establishment and operation permit from the State Bank of Vietnam. TienPhong Bank is the first bank to implement ISO 9001:2000 quality control standards right from the start, to ensure effective operations, minimize operation and network risks, improve productivity and cut costs.

About Newgen Software

Newgen Software Technologies Limited is a market leader in Business Process Management (BPM) and Enterprise Content Management (ECM), with a global footprint of about 700 installations in over 30 countries. More than 100 of these implementations are large, mission-critical solutions deployed at world's leading BFSI, BPO and Fortune Global 500 companies.

Newgen is recognized by distinguished analyst firms like Gartner in its report “Magic Quadrant for Business Process Management Suites, 2007” and IDC in its exclusive report “Newgen Software: Global Leader in Business Process Management and Document Management Solutions.”

Winner of prestigious awards, such as CNBC-TV18 “Emerging India Award 2008”, Frost and Sullivan's “Market Leadership Award for Document Management System and Workflow Software & Services” and “Distinguished Application Product Company” by NASSCOM, Newgen Software is an ISO 9001:2000, ISO 27001 certified and CMM Level 4 company.

Website: www.newgensoft.com

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