Low code digital transformation platform Newgen Software has announced that the Indian patent office has granted a patent (No. 367606) for an invention titled “Online Collaborative Signing of Documents.” This is for a term of 20 years commencing from November 18, 2010, in accordance with the provisions of the Patents Act, 1970.
The invention provides an enriched digital signature solution for the collaborative signing of documents with automatic verification of user device, identity, and signatures.
“We are delighted with the issue of this patent which underlines our commitment to constantly deliver state-of-the-art products and solutions. This invention reflects Newgen’s capabilities to enable fast, real-time, and secure execution of mission-critical processes. We look forward to continually innovating our offerings and empowering our customers to future-proof their operations,” said Diwakar Nigam, Managing Director, and Chairman, Newgen Software.
To date, Newgen has filed 44 patents, out of which 20 have been granted in India and the US. The patents acquired by Newgen further strengthen its leadership in building cutting-edge, industry-specific applications, instrumental in driving digital transformation.
Annually, Newgen invests 9-10% of its revenue on research and development. It has a skilled team of about 500 people with deep domain expertise.