Newgen, Coforge form alliance to provide low code digital solutions

5 Jul 2022 , 11:36 AM

Newgen and Coforge have formed an alliance to provide scalable, low code digital solutions to companies around the world. Low code solutions are software solutions that have little or no coding in them. Instead of relying on complex software programming, these solutions rely on simple programming and use of tools such as visuals. The advantage of low code solutions is that they are cheaper and technologically easier to maintain. 

The alliance of Newgen and Coforge will be targeting insurance companies, piublic sector companies etc in US, Europe and rest of the world, with their digital solutions. Both the companies claim that by using their low code, scalable digital solutions, organizations will be able to become operationally more efficient; they will be able to strengthen their competitive advantage. These solutions of this alliance include Contextual Content Services (CCS), low code process automation (BPM), ominchannel customer engagement (CCM) platforms.

At 11:43 a.m. Indian time today, Newgen’s stock was trading at Rs 352.4, up by 2.04%. Coforge’s share price was Rs 3544.15, up by 1.09%.