Newgen Software Technologies Limited has informed the Exchange regarding a press release dated May 16, 2025, titled "Newgen Granted Patent in India for System and Method for Data Compression".
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Newgen Software has been granted an Indian patent (No. 565385) for inventing a 'System and Method for Data Compression,' filed on April 26, 2017, with a 20-year term. The technology targets efficient compression of large volumes of similar data files, using a video compression-like approach that segments files into static and dynamic regions, which the company says reduces storage costs and speeds up data handling. The company has now filed 55 patents in total, with 25 granted across India and the US. Newgen positions this as a boost to its intellectual property portfolio supporting its digital transformation platform.
The patent strengthens Newgen's IP moat in data compression and could enhance the competitiveness of its content management and digital transformation products, though the announcement has no immediate effect on revenue or earnings.