HSBC Private Equity invests in Newgen

Announcing our first investment of 2008 (though it was actually consummated some time back). We have invested USD 7.5 million in Newgen Software Technologies Limited, a New Delhi headquartered software product company. Newgen makes Business Process Management (BPM) and imaging solutions related software and is by far the market leader in the domestic market and other emerging markets such as APAC and MEA. It is especially strong in the BFSI space and  having established a beachhead, it is now looking to aggressively expand into other markets and domains. Incidentally, both our investments so far – Trivitron and Newgen play on the theme that I have blogged about earlier about emerging markets being a good testing ground for developing disruptive technolgies. Which means that, nobody can accuse me of not putting my money where my mouth is. 😉