Ramco Systems Ltd.

BSE: 532370 | NSE: RAMCOSYS
Small Cap | IT - Software
491.80
12.05 (2.51%)
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Ramco Systems witness significant traction for public cloud ERP offering in India

Date: 03-06-2011

Ramco Systems, a leading software company focused on consulting, products and managed services, has been witnessing significant traction for its public cloud ERP offerings - Ramco OnDemand ERP in India. The company currently has over 3,000 users from 300+ customers on the cloud.

SaaS in India is on growth curve and garner 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. SaaS action today is clearly in the SMB segment, while larger enterprises are in a wait and watch mode, due to complex integrations in their existing applications and legacy systems

The company has been steadily growing its footprint in the SaaS based ERP market. The company recently launched its SaaS based ERP offerings for the aviation, aerospace and defense industry primarily targeting the US market. Further, the company plans to launch to run a series of cluster focused events across major cities in India.