IDG Ventures India and Ascent Capital back Newgen Software - 03-Feb-2014
Newgen Software said Monday that it has received funding from IDG Ventures India and Ascent Capital. No financial terms were disclosed. Avendus Capital served as financial advisor. According to Newgen Software, the capital infusion will be used for market expansion and product development. Based in New Delhi, India, Newgen Software is a provider of business process management, enterprise content management and customer communication management solutions.