Newsletter
Newgen Software jumped over 4% after its UK arm signed a $4.5 million, five-year Master Service Agreement with TCS N.V., Belgium.
Newgen is known for its workflow automation and content management platforms. This deal strengthens its overseas play through its fully owned UK subsidiary.
The deets: the agreement covers cloud hosting, software licences, and implementation services. The company will roll out a modern cloud-based enterprise records management platform for an end customer in Belgium.
Why it matters: the contract ensures steady revenue visibility, boosting Newgen’s international topline. Each such deal strengthens its positioning as a cloud-first enterprise tech player, moving beyond India into lucrative Western markets.
For the end customer in Belgium, it means access to a modern, secure, and compliant cloud-based records management platform. This comes at a time when EU regulations around data storage and governance are tightening.
Zoom out: enterprises are moving away from paper-heavy or on-premise systems to cloud-first platforms that are faster, cheaper, and regulation-ready. The larger game is about who controls this transition, global IT giants like TCS bring reach, while niche software players like Newgen bring specialised products.
Together, they’re competing for a slice of the multi-billion-euro European enterprise cloud market, which is only getting hotter as compliance and data sovereignty become non-negotiable.
