BWI: Ramco sees Steady Growth for Cloud ERP in India

Press release from Business Wire India
Source: Ramco Systems Limited
Friday, June 03, 2011 01:17 PM IST (07:47 AM GMT)
Editors: General: People; Business: Advertising, PR & marketing, Business services, Information technology, Retailers; Technology
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Ramco sees Steady Growth for Cloud ERP in India
Announces crossing of 3000+ users milestone

Chennai, Tamil Nadu, India, Friday, June 03, 2011 -- (Business Wire India) -- Ramco Systems Limited (BSE - 532370, NSE - RAMCOSYS, MSE - RSST); a leading software company focused on consulting, products and managed services, has been witnessing significant traction for its public cloud ERP offering - Ramco OnDemand ERP in India. The company currently has over 3000 users from 300+ customer organisations on the cloud.

"SaaS in India is on a growth curve and Gartner estimates that there are over 500 user organizations that have adopted SaaS based ERP in India. ERP and CRM SaaS applications constitute approximately 60% of the Indian SaaS market share. SaaS action today is clearly in the SMB segment, while larger enterprises are in a wait-and-watch mode, due to the complex integrations in their existing applications and legacy systems..The large presence of over 85,000 SMBs in India presents significant opportunities for SaaS."

Source: Gartner, Inc., Will SaaS-Based ERP Succeed in India When It Hasn't Globally? Sunil Padmanabh, April 26, 2011.

Ramco has been steadily growing its footprint in the SaaS based ERP market. The company recently launched its SaaS based ERP offering for the Aviation, Aerospace and Defense industry primarily targeting the US market. The company plans to run a series of cluster-focused events across major cities in India. The aim is to accelerate efforts towards becoming a major player in the segment in India and subsequently in the globe.

According to Mr. Kamesh Ramamoorthy, COO, Ramco Systems Limited, "The OnDemand business model offers compelling value propositions to customers since it breaks all barriers of a conventional ERP solution. Particularly in the SMB sector, this has appealed to industries that seek to upgrade their business process but do not have the capital or the technological know-how."

Ramco OnDemand ERP supports the functionalities required for industry verticals such as Discrete Manufacturing (Auto & Auto component Manufacturers, Electronics & Engineering, Manufacturing Industries), Trading (wholesale & Distribution), Services, Leather, Power Generation, Food processing, and Dairy.

To know more about RODE, visit www.ramcoondemand.com or

Download brochure: http://ramcoondemand.com/brochure/Ramco_OnDemand_ERP.pdf
Watch video: http://ramcoondemand.com/videos.aspx
Read Customer case study: http://ramcoondemand.com/customer-case-studies.aspx
Calculate ROI: http://ramcoondemand.com/erp-roi-calculator.aspx

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 125,000 users from 800+ customer organizations since inception. The company currently has 15 offices spread across India, USA, Canada, Europe, Middle East, South Africa and APAC and employs over 1,500 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 Cloud), 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 @ramcosystems /read latest news & updates on http://www.ramcoblog.com/



CONTACT DETAILS
Vinitha Ramani , Ramco Systems Limited, +91 9840368048, vinitharamani@rsi.ramco.com

KEYWORDS
PEOPLE, MARKETING, BUSINESS SERVICES, IT, RETAIL, TECHNOLOGY

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