21st Nov 2006 13:05
Sinosoft Technology plc21 November 2006 Sinosoft Technology plc ("Sinosoft" or the "Company") Cooperation with Newgen Software Technologies Ltd ("Newgen") Sinosoft Technology plc ("Sinosoft" or the "Company"), the China based developerand provider of software and IT solutions to Chinese regional and nationalgovernment agencies and export enterprises has entered into a cooperationagreement with Newgen, a leading Indian software company. The two companies have signed an agreement today, pursuant to which Sinosoftwill collaborate with Newgen on financial and telecommunications softwaredevelopment. The signing of the agreement is a significant development for theCompany and will facilitate sales to new sectors both domestically andinternationally. Newgen is a leading Indian software company specialising in Business ProcessManagement (BPM), Document Management (DM) and Imaging solutions. Its productsare sold to more than 700 customers in 25 countries. Newgen has a broad salesnetwork across India, Europe, Africa, Asia and North America. The companyemploys over 500 staff, 350 of whom are experienced computer engineers and hasinvested over US$25 million into software research and development. Newgen's Enterprise Content Management software is the winner of Frost &Sullivan Market Leadership Award for Document Management & Workflow Software &Services for 2006. Ms Xin, Chief Executive of Sinosoft commented, "We are pleased to have formedthis partnership with Newgen and firmly believe that this agreement will open upsignificant new opportunities for Sinosoft". For further information, please contact: Tavistock Communications: Matt Ridsdale / Paul Dulieu 020 7920 3150 HansonWesthouse Tim Metcalfe / Martin Davison 020 7601 6100 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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