Newgen receives patent for mark detection system & methodology

Newgen Software, a global provider of low code automation platform managing content, processes and communication, announced today that US Patent Office has issued a patent for its mark detection system and methodology (US Pat No. 10579896). The mark detection system is used to identify marks, like tick and cross marks on document images.

These marks are generally made on hard copies during document review or verification and hinder the extraction of useful data on the document. This invention helps to identify these marks, which are then removed before the document is sent for extraction. This results in higher extraction accuracy for such cases.

Newgen applications are built on a digital automation platform with low code capability. The platform helps business drive end-to-end process automation, deliver contextual content services and unify customer-centric operations. Using these applications, the enterprises can achieve a faster go-to-market, stay on top of regulations and integrate front and back offices. Further, they can help in bridging operational silos and integrating with legacy and third-party applications.

The stock of the company closed at 199.15, up by 4.08 per cent or Rs 7.80 per share. The intraday high is Rs.208 and intraday low is Rs 196.90. The 52-week high is Rs 371 and 52-week low is Rs 167.80 on BSE.