The Carlyle Group Acquires Majority Stake in Newgen Imaging Systems, One of India's Leading E-Publishing Services Companies

Bangalore, India - Global private equity firm The Carlyle Group today announced the close of a US$9.4 million investment to acquire a majority stake in Outfield Knowledge Works Private Limited (Outfield), the holding company of Newgen Imaging Systems Private Limited (Newgen), a leading E-publishing services company in India. Newgen combines traditional typesetting skills with high-end E-publishing technologies to present a viable and cost effective solution to publishers on a global basis. Carlyle invested in Outfield through Carlyle Asia Venture Partners II, its Asia venture capital fund.

Newgen, based in Chennai, India, is one of India’s fastest growing E-publishing companies offering end-to-end pre-press composition services that combine traditional typesetting skills with high-end publishing technologies. The company’s portfolios of services include type setting, art work, scanning, indexing, pagination, editing and project management for the publishing industry and data conversion services for both the publishing and non publishing segments.

Carlyle Managing Director Wayne Tsou said, “As one of the premier providers of E-publishing solutions, Newgen services more than a dozen top global publishers in the UK, Europe and the U.S. With the Carlyle India teams demonstrated expertise in business process outsourcing and our global business network, we can help build Newgen as an industry leader in the publishing outsourcing segment.”

Newgen Founder and CEO Prabhakar Ram said, “Technology, innovation and established processes have enabled e-publishers such as Newgen to offer high quality and cost effective solutions to the global publishing Industry. Large documents can now be electronically transferred around the world and processed through our advanced work flow solutions by our skilled and motivated staff, saving up to 50 percent in costs.”

Mr. Ram added, “Since its inception in 1996, Newgen has achieved a leading position in the field of E-publishing. The company’s core strengths lie in its 500 + trained publishing professionals, with more than 90% holding a Masters/Ph.D. in Science, Engineering or IT. We look forward to coupling our expertise in this field with Carlyle’s extensive global resources.”

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