Ramco Systems enters Philippines
Sets up a subsidiary to address the impending market opportunity in the region; To focus on Cloud HR & Global Payroll and Logistics Software
Chennai / Manila - June 22, 2016
Manila, Philippines/ Chennai, India – June 22, 2016 – Triggered by the success seen with the winning of 5 new clients in the last few quarters, Ramco Systems, a leading enterprise software provider on Cloud, Mobile and Tablets, has set up a wholly-owned subsidiary in Philippines under the name Ramco System Inc.
As the second largest populated nation in ASEAN, Philippines has been witnessing the fastest economic growth among the ASEAN countries. To better address the market opportunity arising in Philippines, Ramco Systems has set up an office, its fourth in the region and 21st, globally. Ramco’s new office will employ local innovators, at a time when the Philippines IT sector moves beyond business process outsourcing – a pillar of economic growth in recent years – to include implementation of cloud-based technology to transform local enterprises in the area of ERP, HR, Payroll, Aviation and Logistics.
Commenting on the expansion, P R Venketrama Raja, Vice Chairman & Managing Director, Ramco Systems, said, “A buoyant economy and drive to embrace disruptive technologies is driving enterprises in Philippines to invest in latest technologies. We are opening an office in Manila to enable local enterprises to leapfrog to cloud technology and derive significant business benefits. Given the excellent technical manpower in Philippines – it will also serve as a base for addressing our clients in the ASEAN region. With focus on innovation and cloud, we look forward to becoming the region’s most favored cloud enterprise software provider.”
With Singapore as the regional headquarters, and offices in Malaysia and Hong Kong, Ramco Systems in ASEAN has seen a steady growth for all three product offerings – ERP, HCM and Aviation MRO. For the year ended March 31, 2016, Asia Pacific (including ANZ) contributed 29% to the overall revenue. The company recently set up an ‘Innovation Lab’ in Singapore funded by the Singapore Government with anchor partner Air France Industries & KLM Engineering (AFIKLM). While Innovative offerings get tested in Singapore, Ramco in Kuala Lumpur (Malaysia) has transformed itself into an R&D and support hub for HR & Global Payroll requirements.