BWI: Ramco Systems Enters Bangladesh Market

Press release from Business Wire India
Source: Ramco Industries Ltd
Monday, December 13, 2010 04:53 PM IST (11:23 AM GMT)
Editors: General: Consumer interest, People; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment; Technology
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Ramco Systems Enters Bangladesh Market
To Offer its Full Suite of ERP Offerings

Chennai, Tamil Nadu, India, Monday, December 13, 2010 -- (Business Wire India) -- Ramco Systems (BSE - 532370, NSE - RAMCOSYS, MSE - RSST); a leading software company focused on consulting, product and managed services, today announced its entry into the growing Bangladesh market with its suite of ERP offerings. The company has entered into a partnership with Computer Source Ltd (CSL), a leading technology distributor in Bangladesh to market its offerings.

As part of the launch activity, Ramco Systems in association with IBM conducted an event in Dhaka to share information on how ERP solutions help businesses in their growth. The event targeted at enterprises both large and small, introduced Ramco's offerings to the market and also launched the "Software in a Box" offering. As part of the package, customers will get all the tools - Hardware, Software, OS, Middle Ware, Database required for running the ERP application.

Mr. R. Shankar, Executive Vice President, India, Middle East and Africa, Ramco Systems, observed: "We are excited and delighted to be entering a hitherto underserved market like Bangladesh, in association with CSL. From various sources, we gather that Bangladesh is on the threshold of a new phase of growth. India and Bangladesh have a lot to share in culture, traditions and business. We strongly believe that our powerful suite of offerings, along with the rich expertise and understanding gained in the Indian sub-continent will help us gain a strong foothold in Bangladesh market. We hope to add value to businesses in Bangladesh, helping them transform in today's globalized world."

Bangladesh is a very large market with a large IT resource pool. The government policies are conducive for Bangladesh companies to collaborate with Indian IT companies so that they can offer IT products and services to the local market. Through such collaborations, companies can use the local talent pool to offer services to the world markets. The government of Bangladesh has a vision to create a "Digital Bangladesh" in the near future.

Commenting on it, Mr. Abdul Matlub Ahmad - President, India-Bangladesh Chamber of Commerce and Industry, said "Bangladesh has been witnessing rapid growth in industries and trade. In order to support the growing business environment, there is increasing need for technology adoption. ERP applications boost performance and help industries compete better in the global market. We are confident that the entry of an international ERP vendor of Indian origin, like, Ramco Systems will bring best-in-class products to the Bangladesh market and also boost the trade relations between Bangladesh and India."

About Ramco Systems

Ramco Systems, a part of the USD 875 million Ramco Group, is a leading software company focused on consulting, product and managed services business. Headquartered in Chennai, Ramco Systems was started as an R&D division of Ramco Industries Limited in 1992, and later established as an independent company in 1999. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments. Globally, Ramco has over 100,000 users from 800+ customer organizations since inception. The company currently has 14 offices spread across India, US, Europe, Middle East and APAC and employs over 1,400 employees.

Ramco's key differentiator is its innovative approach to develop products through its revolutionary enterprise application assembly and delivery platform - Ramco VirtualWorksT. Ramco Systems has seven major product suites - Ramco Enterprise Suite, Ramco Enterprise Asset Management Suite, Ramco Aviation, Ramco OnDemand ERP (ERP on SaaS), Ramco Enterprise Information Management Suite, Ramco Advanced Process Control, and Ramco Mine Management. Strong domain knowledge coupled with proven implementation expertise enables Ramco to provide specialized solutions in verticals such as Manufacturing, Real Estate & Construction, Energy & Utilities, Logistics, Service, BFSI, Aviation, Government and Defense.

Ramco Systems has been assessed for ISO 9001:2008 and ISO 27001:2005 information security standards. Ramco's BPO unit is SAS 70 Type II certified.

"Ramco Systems Limited ("the Company") is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a rights issue of its equity shares and has filed a draft letter of offer ("DLOF") with the Securities and Exchange Board of India ("SEBI"). The DLOF is available on the website of SEBI at www.sebi.gov.in, on the website of the lead manager at www.centrum.co.in and of the Company at www.ramco.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled "Risk Factors" of the aforementioned DLOF. The distribution of the DLOF to persons in certain jurisdictions outside India may be restricted by legal requirements prevailing in those jurisdictions. Persons into whose possession the DLOF may come will require them to inform themselves about and observe such restrictions. The equity shares proposed to be issued have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India (including but not limited to any securities laws in the United States) and may not be offered or sold, and persons in any such jurisdiction shall not participate in the proposed issue except in compliance with the applicable laws of such jurisdiction".

For more information, please visit www.ramco.com

Follow Ramco on Twitter at @ramcosystems/ read latest news & updates on http://www.ramcoblog.com/


CONTACT DETAILS
Vinitha Ramani, Ramco Systems Ltd., +91 9840368048, vinitharamani@rsi.ramco.com
Balaji Kannan, 20:20 MEDIA, +91 9884673993, bala@2020india.com

KEYWORDS
CONSUMER, PEOPLE, MARKETING, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY

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