Archive · 5 Dec 2025
Kuwait Withdraws Tender for Newgen BPM Platform
Newgen Software Technologies Ltd recently announced that a company in Kuwait has taken back their offer to use Newgen's business process management (BPM) platform.
This project was worth a lot of money, but the Kuwaiti company didn't say why they changed their mind.
Newgen plans to talk to them about it.
Meanwhile, Newgen's UK subsidiary just got a big contract worth £1.5 million to provide software and cloud services for three years.
The company has been doing well financially, with big increases in revenue and profits.
However, their stock price went down a bit on the day they announced the tender withdrawal.
Kuwaiti entity withdrew tender for Newgen's BPM platform worth KWD 1,736,052.
No reason was provided for the withdrawal, and Newgen plans to address the issue.
Newgen's UK subsidiary secured a £1.5 million contract for a 3-year contract management platform.
Newgen reported 25% revenue growth and 100% EBITDA growth in Q2.
Shares of Newgen Software Technologies Ltd fell by 2.59% on December 5.
- Who
- Newgen Software Technologies Ltd and an overseas entity in Kuwait
- What
- Withdrawal of a tender for a BPM platform
- When
- December 5, 2025
- Where
- Kuwait
- Why
- No reason was disclosed for the withdrawal
- Company
- Newgen Software Technologies Ltd
- Tender Value
- KWD 1,736,052
- Withdrawal Date
- December 5, 2025
- UK Contract Value
- £1.5 million
- Contract Duration
- 3 years
- Revenue Growth (Q2)
- 25%
- EBITDA Growth (Q2)
- 100%
- Stock Price (Dec 5)
- ₹878.60