Ramco Systems surges on inking pact with FreshFood Management Services

02 Jul 2015

Ramco Systems is currently trading at Rs. 916.50, up by 135.75 points or 17.39% from its previous closing of Rs. 780.75 on the BSE.

The scrip opened at Rs. 781.25 and has touched a high and low of Rs. 921.00 and Rs. 781.25 respectively. So far 70114 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 804.00 on 30-Jun-2015 and a 52 week low of Rs. 213.00 on 14-Jul-2014.

Last one week high and low of the scrip stood at Rs. 804.00 and Rs. 673.50 respectively. The current market cap of the company is Rs. 2636.97 crore.

The promoters holding in the company stood at 69.18%, while Institutions and Non-Institutions held 7.68% and 23.14% respectively.

Manufacturer and coffee supplier of - The House of Robert Timms, Bushells Coffee, Cafe-Bar and Picco brands - FreshFood Management Services (FreshFood) has signed a pact with global enterprise software vendor, Ramco Systems to replace its legacy system with a mobile-based postmodern ERP. Ramco’s partner, Megasoft played a vital role in this engagement.

Australia’s foremost coffee pioneer, FreshFood will be implementing a comprehensive ERP suite including finance, supply chain, production, maintenance, sales and shipping and CRM. In addition, FreshFood is also planning to implement Equipment Rental Management software from Ramco to manage and keep track of large number of coffee machines - rented/ leased to business partners. Ramco’s end-to-end solution will streamline FreshFood’s business functions, and will enable a seamless flow of information, provide much needed process integration, resulting in improved speed of business.

Ramco Systems is part of $1 billion Ramco Group, offering sofware for HCM, ERP and aviation verticals. The company’s payroll solutions are offered in Asia Pacific, Middle East and Australia, among other countries.

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