Avendus Capital advises Newgen Software on its equity raise from IDG Ventures India and Ascent Capital.

Newgen Software Technologies Limited is a leading global provider of Business Process Management (BPM), Enterprise Content management (ECM) and Customer Communication Management ( CCM) , with a global footprint of 1000+ installations in over 50 countries with large, mission-critical solutions deployed at the world's leading Banks, Insurance firms, BPO’s, Healthcare Organizations, Government, Telecom Companies & Shared Service Centers. Newgen’s Quality Systems are certified against ISO 9001:2008 and Information Security Standard, ISO 27001:2005. Newgen has been assessed at CMMi Level3.

IDG Ventures India is a leading India-focused technology venture capital fund. The fund is part of IDG Ventures, a global network of technology venture funds with more than US$6 billion under management, over 200 investee companies and 10 offices across Asia and North America. The fund's lead investor and sponsor is the International Data Group (IDG), the world's largest IT media company. By combining the IDG platform - an unparalleled combination of global technology publishing, market research (IDC), and conferences/exhibition resources - with years of hands-on experience in company building, IDG Ventures India helps its investee companies understand their markets better and penetrate them faster than their competition to build category-leading companies.

Ascent Capital is a leading India-focused private equity firm. Since inception in 2000 it has helped over 46 entrepreneurs build leading businesses. Currently manages approx. US$ 600 million across three funds. Investors include many of the World’s leading institutions and fund-of-funds, have backed across economic cycles – a vote of confidence in its ability to help build market leaders.