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Ramco Systems appoints Virender Aggarwal as CEO

Chennai, India – May 07, 2012: Ramco Systems (BSE - 532370, NSE – RAMCOSYS, MSE – RSST); an enterprise software company focused on enterprise cloud platform, products and services, has appointed Mr. Virender Aggarwal as Chief Executive Officer. Prior to this, Virender was President & APAC Region Head for a leading IT Services firm based in Singapore.

In his previous stint, Virender played a pivotal role in building the IT Services and Consulting business in Emerging Markets such as Japan, Australia, New Zealand, China, Asia Pacific, India, Middle East and Africa.

Commenting on the appointment, Mr. P. R. Venketrama Raja, Vice Chairman and Managing Director, Ramco Systems, said "We are delighted to welcome Virender as the CEO of Ramco Systems. Having successfully built the market for Cloud ERP in India, we are now poised to go global, capture market interest and capitalize on the latent demand for cloud-based offerings. We are at an inflection point and were looking for a globally-focused executive who can lead the team and give the right impetus for future growth. Virender brings with him a good mix of international experience, sound understanding of latest technologies and a proven track record that we believe will help position Ramco as a strong player for Enterprise class solutions on the Cloud."

Commenting on his new role, Mr. Virender Aggarwal, CEO – Ramco Systems, said, "I am excited about Cloud as a technology and the impact it is bound to have on the way enterprises are run in the future. Ramco has been in the forefront of technology and has captured a sizeable market in India for the cloud offering. I firmly believe cloud is the future and am looking forward to the challenging role of spearheading the growth of India's leading Cloud Enterprise ERP Company in to the global markets with its cloud offerings."

Virender Aggarwal holds a Master Degree in Business Management from the Birla Institute of Technology and Science. He is a founder member of Singapore's India Club and was also the first Indian to receive the prestigious International Management Action Award in 2004 conferred to him by SPRING Singapore.