You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Ramco Systems hits the roof after fresh order win

Capital Market 

Ramco Systems hit an upper circuit of 5% at Rs 113.80 after the company secured order from US-based Tactical Air Support for implementing Ramco's aviation software suite.

Global aviation software specialist Ramco Systems announced on Wednesday (8 July) that it will implement its Aviation M&E MRO Suite V5.8 at Tactical Air Support, a leading American defense contractor and aviation training and Adversary Air Support provider based in Reno, Nevada, US.

With this partnership for digital transformation, Ramco Systems now counts 3 of the top 4 defense adversary air operators in the United States as its customers. The company added that its aviation suite's compliance with International Traffic in Arms Regulations (ITAR) ensures all the defense regulations are met thus resulting in significant cost savings.

Commenting on the new deal, Virender Aggarwal, CEO, Ramco Systems said, "Our association with Tactical Air Support underscores our track record of successfully implementing highly specialized software solutions for the Defense segment. With this win, 3 out of 4 U.S headquartered adversary air operators now trust Ramco. By leveraging latest technological stacks, we at Ramco have been offering innovative solutions to our clients, and utmost support to ensure a seamless digital transformation. We are confident that this win will help us mutually strengthen our footprint in the Defense segment."

Ramco Systems is a enterprise software, offering cloud and mobile-based enterprise software in the area of HCM and Global Payroll, ERP and M&E MRO for Aviation.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, July 08 2020. 12:04 IST