Chennai: Ramco Systems will pump in around Rs 90 crore in a new software development centre in the heart of the city. The centre will be ready in the next 18-24 months and can accommodate around 2,000 employees. The Chennai-based IT company recently sold part of its building to its parent, Ramco Group, for Rs 43.22 crore. The year 2008-09 will witness Ramco Systems turning profitable. The recently unveiled full-fledged software-as-a-service ERP will enable the company to have better results from next year.
The new solution enables clients to subscribe for a software module on a monthly fee. For instance, a small automotive component company need not purchase the entire ERP package. Instead, it can start with a finance module and extend to purchase, sales and inventory management depending up on the growth. In the next 18 months, Ramco hopes to have around 10,000 users for the new product. This will bring in revenues of around Rs 6.5 crore every month.
The new solution enables clients to subscribe for a software module on a monthly fee. For instance, a small automotive component company need not purchase the entire ERP package. Instead, it can start with a finance module and extend to purchase, sales and inventory management depending up on the growth. In the next 18 months, Ramco hopes to have around 10,000 users for the new product. This will bring in revenues of around Rs 6.5 crore every month.
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