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Press Release


NEWGEN SOFTWARE TO ACQUIRE NUMBER THEORY, AN AI/ML DATA SCIENCE PLATFORM COMPANY

January 18, 2022

Home » Company » Press Releases » Newgen Software to acquire Number Theory, an
AI/ML data science platform company


WITH THIS ACQUISITION, NEWGEN WELL-POISED TO DELIVER LOW CODE, CLOUD-NATIVE
AI/ML CAPABILITIES TO EVERY ENTERPRISE

New Delhi, India, Jan 18, 2022: Newgen Software, a leading provider of a unified
digital transformation platform, is pleased to announce that it is acquiring
India-based Number Theory, an AI/ML (artificial intelligence and machine
learning) data science platform company, subject to the completion of conditions
as stated in the approved Share Purchase Agreement.

Number Theory’s platform, AI Studio, brings intuitive AI/ML to every enterprise,
while unifying the entire lifecycle of data engineering, from data preparation
to model development and monitoring. It empowers both citizen and expert data
scientists to work faster and more efficiently, thereby helping in accomplishing
key machine learning tasks in just hours or days, not months. This acquisition
will further strengthen Newgen’s low code digital transformation platform,
NewgenONE, with AI/ML modeling and data analytics capabilities.

“Our customers are increasingly looking to leverage data for deeper insights and
accelerated growth. Number Theory will bring domain expertise, along with a
powerful engine to extract actionable insights in real time. AI/ML projects
often get complex, expensive, and not rewarding. What we like about Number
Theory’s platform is that it is for every enterprise. It lets fusion teams
build, deploy, and collaborate on the entire modeling lifecycle in low code and
on cloud. We look forward to welcoming the Number Theory team to the Newgen
family,” said Virender Jeet, CEO, Newgen.

“Newgen has developed mission-critical and complex business applications for its
customers across the globe, including for enterprises in the banking and
insurance space. We felt that Newgen, with its strong customer portfolio and
partner ecosystem, is the perfect growth partner. We are looking forward to
helping our joint customers utilize their data in the enterprise with full
potential using AI/ML technologies,” said Rajan Nagina and Tarun Gulyani,
co-founders of Number Theory.

About Newgen Software Technologies Limited

Newgen is the leading provider of a unified digital transformation platform with
native process automation, content services, and communication management
capabilities. Globally, successful enterprises rely on Newgen’s
industry-recognized low code application platform to develop and deploy complex,
content-driven, and customer-engaging business applications on the cloud. From
onboarding to service requests, lending to underwriting, and for many more use
cases across industries. Newgen unlocks simple with speed and agility.


FROM TWITTER



Newgen is the leading provider of a unified digital transformation platform with
native process automation, content services, and communication management
capabilities. Globally, successful enterprises rely on Newgen’s
industry-recognized low code application platform to develop and deploy complex,
content-driven, and customer-engaging business applications on the cloud. From
onboarding to service requests, lending to underwriting, and for many more use
cases across industries. Newgen unlocks simple with speed and agility.


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