Ramco Systems surges on entering into strategic alliance with Dell

Ramco Systems is currently trading at Rs. 131.50, up by 1.50 points or 1.15% from its previous closing of Rs. 130.00 on the BSE.

The scrip opened at Rs. 131.05 and has touched a high and low of Rs. 135.00 and Rs. 130.05 respectively. So far 2507 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 170.00 on 16-Jul-2012 and a 52 week low of Rs. 48.80 on 18-Nov-2011.

Last one week high and low of the scrip stood at Rs. 135.00 and Rs. 128.30 respectively. The current market cap of the company is Rs. 206.19 crore.

The promoters holding in the company stood at 67.81% while Institutions and Non-Institutions held 2.17% and 30.02% respectively.

Dell has entered into a strategic alliance with Ramco Systems to deliver Ramco’s ERP-as-a-service on cloud to help mid-market businesses execute cost and operational efficiencies and accelerate revenue growth. The new offering will strengthen Dell’s growing portfolio of Software-as-a-Service (SaaS) solutions that help organizations to manage and grow their business.

Ramco’s ERP on Cloud supports businesses with wide functionalities across various industry segments, including production planning, asset management and analytics along with regular corporate functionalities of HR, supply chain management (SCM), customer relationship management (CRM) and financial management. The solution is designed to ensure quick adoption and time-to-value.

Ramco Systems is a leading software company focused on consulting, product and managed services business. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments.