Mumbai, Dec. 15 -- The order covers the development of the loan origination system with a perpetual license, along with implementation and one year of post-go-live support services.

The aggregate value of the aforesaid award is SAR 15,982,125 (inclusive taxes) equivalent to approximately Rs 38.64 crore.

The company stated that the customer's name has not been disclosed due to confidentiality reasons.

Newgen Software Technologies is a global software company and is engaged in the business of software product development, including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to document management to imaging.

The company reported a 16.2% jump in consol...