Tuesday, August 3, 2010

BWI: Trilogy Studios Taps PlaySpan for Launch of Firefly

Press release from Business Wire India
Source: PlaySpan India Pvt Ltd
Wednesday, August 04, 2010 09:25 AM IST (03:55 AM GMT)
Editors: General: Consumer interest, Entertainment; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment, Retailers; Technology
--------------------------------------------------
Trilogy Studios Taps PlaySpan for Launch of Firefly
A Complete Social Game Development and Monetization Platform

Mumbai, Maharashtra, India, Wednesday, August 04, 2010 -- (Business Wire India) -- Social game developer Trilogy Studios today introduced its Firefly platform, an industrial strength MMO technology framework for the development of social and casual multiplayer online games. Trilogy has signed PlaySpan, the global leader in monetization solutions, as its preferred partner to enable subscriptions and digital goods monetization for all properties built on the Firefly platform. Trilogy is developing social games using Firefly for leading entertainment and media companies, including both original IP and licensed content.

"We've spent the past five years building up an expertise in social and casual games, and now have a complete platform in Firefly to quickly deliver massive, immersive games for leading content publishers," said Michael Pole, Trilogy Studios CEO. "Together with PlaySpan, we have a full service platform that works universally with third party developer tools and delivers top notch browser-based gameplay and monetization opportunities."

PlaySpan's monetization platform runs seamlessly on Firefly, and supports all leading Web browsers. The Firefly solution will take advantage of PlaySpan's UltimatePay service, which provides over 85 global payment methods including credit card, PayPal, mobile, cash based, and the top selling Ultimate Game Card.

"Our partnership with Trilogy Studios takes a best practices approach and blends together two of the most formidable developer-based offerings in the games industry," said Karl Mehta, Founder & CEO of PlaySpan. "We expect the combined service to be put in use immediately by several major studios and content publishers looking to maximize revenue opportunities in a seamless and cost effective manner."

In addition to facilitating commerce transactions, PlaySpan will provide a comprehensive developer analytics console, consolidated reporting, and monthly settlement for all payment methods to Trilogy and its clients. PlaySpan will also act as the merchant of record on behalf of Trilogy partners who use Firefly.

The Firefly platform integrates the features of a traditional MMORPG into a very small footprint that allows nearly instantaneous access to the game through a Web browser.
Features include:
- Support for a variety of gameplay elements including achievements and quests, skills development and leveling, in-world gameplay such as item collection and cooperative activities, as well as integrated game instances;
- An interactive experience that allows players to click, walk over, stand on, throw and mingle with virtually any object or character in the game;
- Integrated monetization program, in cooperation with PlaySpan, that offers subscriptions, sponsorships, microtransactions and advertising, as well as reporting and data mining
- Social networking features such as integrated email, chat and messaging; users can generate content in-game and post it to their profiles.
- Summon players across multiple servers for on-demand player interaction; track user interaction and make friend recommendations for compatible players.
- All games built on Firefly are COPPA compliant and include built-in child safety tools such as activity monitoring, filtered Free Chat and Safe Chat, parental monitoring tools and a dedicated interface for full visibility into their child's online play.

About Trilogy Studios

Founded in 2005 and based in Sherman Oaks, CA, Trilogy Studios is a pioneer in the development of original and licensed social games and casual MMOs from concept to delivery. In 2007, Trilogy partnered with Shanghai-based Ultizen to expand the company's online game development capabilities. Trilogy offers major media and content companies the opportunity to extend their presence online through games, and monetize through microtransactions, subscriptions, advertising, sponsorships and e-commerce transactions. Trilogy's award winning game developers have designed online experiences for such notable brands as MTV, Pimp My Ride, Coca Cola and Scion among others.

For more information about Trilogy Studios visit www.trilogystudios.com

About PlaySpan, Inc

PlaySpanT is the global leader in monetization solutions for digital goods, social networks, online games, and videos. PlaySpan's patent-pending in-game digital goods commerce and micropayment platform enables game publishers and developers to generate new revenues, acquire new users, and extend the loyalty of existing users.

PlaySpan's UltimatePayT combines PayByCash's 11 years of payment services experience with Spare Change's social network payment platform expertise to deliver an optimized payment solution with over 85 international payment methods including credit cards, PayPal, the ULTIMATE GAME CARDT - available in over 48,000 retail locations across North America and growing rapidly worldwide, and UltimatePointsT, the world's leading universal virtual currency.

For more information about PlaySpan, visit: http://corp.playspan.com




CONTACT DETAILS
Vinayak Rao, PlaySpan India Pvt Ltd, +91 9820045958, Vinayak.rao@playspan.com

KEYWORDS
CONSUMER, ENTERTAINMENT, MARKETING, BUSINESS SERVICES, IT, MEDIA, RETAIL, TECHNOLOGY

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BWI: Mirah Group Outlines Aggressive F&B Growth Plans for India with Investments of Over Rs. 100 Crore

Press release from Business Wire India
Source: Mirah Group
Tuesday, August 03, 2010 04:40 PM IST (11:10 AM GMT)
Editors: General: Consumer interest, Environment, Food & drink; Business: Advertising, PR & marketing, Banking & financial services, Business services
--------------------------------------------------
Mirah Group Outlines Aggressive F&B Growth Plans for India with Investments of Over Rs. 100 Crore
Group Announces Complete Acquisition of Rajdhani Thali Restaurant

Mumbai, Maharashtra, India, Tuesday, August 03, 2010 -- (Business Wire India) -- Mirah Group, one of India's leading business houses, and the name behind prominent F&B brands including Rajdhani and Manchester United Café Bar is looking at aggressively expanding its market foothold in the Indian food and beverage (F&B) segment with an investment of over Rs. 100 crore by 2012.

In the quick-service restaurant (QSR) segment the company has launched Palette, a multi-cuisine food court and is also revamping Falafels Veg Hummus House, India's first Mediterranean-Lebanese chain, which it recently acquired. Falafels currently has seven outlets in Mumbai and the group is rapidly expanding the brand. They have introduced kiosk formats through Falafels' carts which shall be seen at strategic locations such as malls and multiplexes in the city. The rationale behind this has been to get the brand and the cuisine closer to the target audiences.

Additionally, the group has completely bought over Rajdhani thali brand and is now fully owned by Mirah Group. Rajdhani is expected to undergo a complete brand makeover with plan launch over 60 outlets across India by March 2013.

Commenting on the company's plans to strengthen its foothold in India's F&B market, Gaurav Goenka, Director, Mirah Group said, "Mirah Group has always been committed to providing unique dining experiences without compromising on quality or authenticity. With the Indian F&B market projected to reach US$ 580 billion by 2013, we see this as the perfect time to expand our local and international F&B formats including Rajdhani, Manchester United Café Bar, Falafel's, Palette, Café Mangii & Nouvelle."

Manchester United Café Bar which started its operations in February '10 in Mumbai at Palladium, is now present in Delhi & Gurgaon as well. Looking at the cafe's success in these cities, the group plans to introduce it in Hyderabad, Goa, Chandigarh, Pune and Kolkata. Additionally, Mirah Group recently acquired a stake in Café Mangii which has one outlet in Mumbai and now plans to increase this to five in the city within the next 6 months, followed by outlets in markets such as Goa as well. Moreover, the group saw a gap in the segment where organized players cater to IT & IT driven industries and plan to bridge this gap with Nouvelle- an Industrial Catering Brand under its kitty.

About the Mirah Group

Mirah Group is one of India's leading business houses with a footprint stretching over a diversified range of industries. Since its inception in 1986, the group has continuously evolved and grown, keeping pace with the fast changing business needs and environment. Managed by young professionals, the group prides itself in its vision, excellence, entrepreneurship and innovative thinking. Realizing the importance of adapting global strategic business initiatives in the local environment, today it has successfully established its credibility across varied segments in the market.

With a vision to become a leading global player, Mirah Group aims to integrate a complete customer-centric approach in all its endeavors. Today, the group and its various brands across industries boast of countless loyal customers, both in the domestic and international markets. Regular clients include government bodies, industries, hotels, schools and hospitals, including some of the largest names in their respective fields.


CONTACT DETAILS
Melissa D'Mello, 20:20 MEDIA, +91 9867043485, Melissa.dmello@2020india.com
Meghal Pattani, 20:20 MEDIA, +91 9960727536, meghal@2020india.com
Sarah Malik, 20:20 MEDIA, +91 9833495401, sarah@2020india.com

KEYWORDS
CONSUMER, ENVIRONMENT, FOOD, MARKETING, BANKING, BUSINESS SERVICES

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BWI: Unichem Laboratories Receives ANDA Approval from USFDA for Bisoprolol & Hydrochlorothiazide Tablets

Press release from Business Wire India
Source: Unichem Laboratories Limited
Tuesday, August 03, 2010 03:14 PM IST (09:44 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Financial Analyst, Healthcare, biotechnology & pharmaceutical, Stock exchanges; Healthcare
--------------------------------------------------
Unichem Laboratories Receives ANDA Approval from USFDA for Bisoprolol & Hydrochlorothiazide Tablets


Mumbai, Maharashtra, India, Tuesday, August 03, 2010 -- (Business Wire India) -- Unichem Laboratories Limited are pleased to announce that it has received ANDA approval from the United States Food and Drug Administration (U.S. FDA) for Bisoprolol & Hydrochlorothiazide Tablets.

Bisoprolol & Hydrochlorothiazide Tablets 2.5 mg/6.25 mg, 5 mg/6.25mg and 10 mg/6.25 mg are therapeutically equivalent to Ziac Tablets of Duramed Pharmaceuticals Inc.

Bisoprolol & Hydrochlorothiazide is widely prescribed antihypertensive drug.

The product will be now immediately commercialized from Unichem's Goa plant. Active pharmaceutical ingredient i.e. Bisoprolol & Hydrochlorothiazide used for this ANDA is also made in house at Roha plant. This ANDA approval will increase the presence of Unichem in US market. Unichem already has 8 other ANDA's duly approved and there are some more ANDA's in pipeline.

About Unichem Laboratories Limited

Unichem Laboratories Limited is an international, integrated, specialty pharmaceutical company. It manufactures and markets a large basket of pharmaceutical formulations as branded generics as well as generics in India and several other markets across the world. In India, the company is a leader in niche therapy areas of cardiology, neurology, orthopedics and anti-infectives. The company has strong skills in product development, process chemistry and manufacturing of complex API as well as dosage forms.

More information about the company can be found at www.unichemlabs.com



CONTACT DETAILS
Mr. M Gundu Rao , Unichem Laboratories Limited, +91 9820228944 / +91(22) 66888380 , gundurao@unichemlabs.com
Mr. Rakesh Parikh, Unichem Laboratories Limited, +91 9892925555 / +91 (22) 66888414, rparikh@unichemlabs.com
Mr. K Subharaman, Unichem Laboratories Limited, +91 9833031121 / +91 (22) 66888404, subharamank@unichemlabs.com

KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, Financial Analyst, HEALTHCARE, STOCK EXCHANGES, HEALTHCARE, UNICHEMLAB.BO, UNICHEMLAB.NS

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Monday, August 2, 2010

BWI: iXiGO.com Named a NASSCOM Emerge 50 Company

Press release from Business Wire India
Source: iXiGO
Tuesday, August 03, 2010 11:43 AM IST (06:13 AM GMT)
Editors: General: Consumer interest, Travel & tourism; Business: Business services, Financial Analyst, Information technology, Stock exchanges, Telecommunications, Travel & tourism; Technology
--------------------------------------------------
iXiGO.com Named a NASSCOM Emerge 50 Company
NASSCOM Recognizes iXiGO.com's Exponential Growth and Future Potential

New Delhi, Delhi, India, Tuesday, August 03, 2010 -- (Business Wire India) -- iXiGO.com (www.ixigo.com), India's largest travel search engine has been named a NASSCOM Emerge 50 company for 2010 (http://blog.nasscom.in/emerge/2010/07/its-time-to-unveil-the-nasscom-emerge-50-for-2010/).

Emerge 50 is an initiative of NASSCOM to identify and honour emerging companies which are redefining the benchmarks of excellence and growth. iXiGO.com, consistently ranked as India's most innovative and trusted travel site has been selected by NASSCOM as one of the companies which have achieved fastest rates of growth in the past few years through their game changing proprietary technology and unique value proposition.

iXiGO.com empowers consumers by providing them the ability to search prices and availability across multiple transactional travel sites for flights (domestic and international), hotels (domestic & international), buses, deals etc. in a few seconds. iXiGO's deeply embedded global relationships in the Travel and Online Industry have helped it successfully establish itself as a credible advertising and distribution platform for airlines, hotels, online travel agents as well as advertisers looking for consumers with an ability and willingness to transact online.

Speaking on the occasion, Dharmendra Yashovardhan, Co-Founder and COO of iXiGO.com said - "It's an honour to be recognized amongst the fastest growing technology firms in India. The timing is just right, as we are at the cusp of charting our next phase of growth through new products and innovative partnerships."

"We have always been known for our cutting edge product capabilities. This new recognition by NASSCOM strengthens our resolve to ensure iXiGO.com fulfills its promise as a truly global travel search company to emerge out of India", added Aloke Bajpai, Founder-CEO of iXiGO.com.

iXiGO.com is India's fastest growing travel site, registering a growth of over 200% YoY in 2009-10, and generates a total transaction value of almost $4M every month. The company was previously named a NASSCOM Top 100 Innovator for 2007.

About iXiGO.com

iXiGO.com is South Asia's leading online & mobile travel search engine based out of Gurgaon, India. iXiGO.com searches across multiple airlines, hotels, trains and bus booking sites to find the best travel deals. Launched in June 2007 by IIT, INSEAD and Amadeus alumni Aloke Bajpai, Rajnish Kumar and Dharmendra Yashovardhan, iXiGO.com has been recognized by NASSCOM as India's Top-100 Innovator. BusinessToday and Wall Street Journal/Mint have named it among India's 10 hottest startups in 2008 for its unique market approach, product usability, and passionate management team.

iXiGO is backed by BAF Spectrum, a Singapore-based seed-investment fund. For more information about iXiGO, visit www.ixigo.com or m.ixigo.com (mobile).

About NASSCOM

NASSCOM is a global trade body with over 1200 members, of which over 250 are global companies from the US, UK, EU, Japan and China. NASSCOM's member companies are in the business of software development, software services, software products, IT-enabled/BPO services and e-commerce. NASSCOM has been the strongest proponent of global free trade in India.

NASSCOM was set up in 1988, at Mumbai to facilitate business and trade in software and services and to encourage advancement of research in software technology. It is a not-for-profit organization, registered under the Indian Societies Act, 1860. For more information about NASSCOM, visit http://www.nasscom.in.

Travel Partners: partners@ixigo.com

Affiliations: affiliate@ixigo.com

Advertisers: advertise@ixigo.com


CONTACT DETAILS
Dharmendra Yashovardhan, iXiGO, +91 (124) 4045281, dharmendra@ixigo.com

KEYWORDS
CONSUMER, TOURISM, BUSINESS SERVICES, Financial Analyst, IT, STOCK EXCHANGES, TELECOMMUNICATIONS, TRAVEL, TECHNOLOGY

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BWI: Intertek Opens Center of Excellence Food Testing Laboratory in Dehli’s NCR Gurgaon Region  

Press release from Business Wire India
Source: Business Wire
Tuesday, August 03, 2010 10:20 AM IST (04:50 AM GMT)
Editors: General: Consumer interest, Food & drink; Business: Agriculture, Retailers
--------------------------------------------------
(BW)(INTERTEK)(ITRK)Intertek Opens Center of Excellence Food Testing Laboratory in Dehli's NCR Gurgaon Region  
Center of excellence will help enhance food quality and safety in India's food sector

Gurgaon, Haryana, India, Tuesday, August 03, 2010 -- (Business Wire India) --

Intertek, a leading provider of quality and safety solutions serving a wide range of industries around the world, announces the opening of a center of excellence food testing laboratory in Dehli's NCR Gurgaon region to provide enhanced testing services to our customers in an area experiencing exponential growth due to the increasing global interest of raw materials and ready-to-eat products produced there.

With more than 300 food processors, the region is a hub of primary production and further processing for food raw materials, intermediate products and finished food products, making the centralized location of Gurgaon a prime choice for the new laboratory. Intertek's Gurgaon laboratory brings an established independent food testing laboratory to a region that has seen an increased demand for testing as a result of growth in the food processing sector and potential for food exports.

"From the farm to the fork, the entire Indian food industry has evolved into a diverse network of multiple channels that Intertek's new laboratory will support in producing and supplying better, more sustainable and safer food to citizens in the region and worldwide," said Jochen Zoller, president of Intertek Food Services. "Intertek's food services solutions help major global brands to launch new food products, enabling developing nations to increase their global food exports while reducing the incidence rates of food-borne diseases."

Intertek offers a full range of services for the food industry, from lab testing to systems certification to corporate social responsibility audits. The Gurgaon laboratory will offer testing and analysis on a range of fresh fruits and vegetables, prepared and ready-to-eat foods, bakery and confections, alcoholic and non-alcoholic beverages, drinking water, oils and fats, honey, dairy products, sugar and meat products. The state-of-the-art facilities are equipped to perform testing and analysis services for pesticides, antibiotics, heavy metals, aflatoxins, organic and GMO, nutritional labeling, organic compound residues, pathogens, allergens and shelf life studies, as well as other elements related to food production.

Intertek (www.intertek.com) is a leading provider of quality and safety solutions serving a wide range of industries around the world. From auditing and inspection, to testing, quality assurance and certification, Intertek people are dedicated to adding value to customers' products and processes, supporting their success in the global marketplace. Intertek has the expertise, resources and global reach to support its customers through its network of more than 1,000 laboratories and offices and over 25,000 people in more than 100 countries around the world.



CONTACT DETAILS
CONTACTS :
Deepali Bangera, Head-Business Development Food Services, Intertek India
+ 91 9870037578
deepali.bangera@intertek.com


KEYWORDS
CONSUMER, FOOD, AGRICULTURE, RETAIL

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BWI: Ramco on Demand ERP Continues to Grow; adds 21 New Customers in Q1

Press release from Business Wire India
Source: Ramco Systems Limited
Monday, August 02, 2010 09:10 PM IST (03:40 PM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology, Stock exchanges, Transport engineering; Technology
--------------------------------------------------
Ramco on Demand ERP Continues to Grow; adds 21 New Customers in Q1
Company Maintains Breakeven, Posts Global Income of USD10.20 M

Chennai, Tamil Nadu, India, Monday, August 02, 2010 -- (Business Wire India) -- Ramco Systems (BSE - 532370, NSE - RAMCOSYS, MSE - RSST), one of the leading IT product company focused on consulting, product and managed services today announced, the results for the first quarter of FY 2010-11.

For the quarter ended June 30, 2010 (Q1:10-11), global income of Ramco Systems including revenues from subsidiaries in USA, Switzerland, Singapore, Malaysia and South Africa stood at USD 10.20 m (Rs 45.86 cr). The profit for the quarter stood at USD 0.06 m (Rs 0.25 cr) as against last year corresponding quarter profit of USD 0.15 m (Rs 0.73 cr).

Financial highlights:
. Q1 revenue grows 11% YoY
. India operations contributed 60%, followed by US with 24%, as against last year corresponding quarter contributions of 42% and 34% respectively, depicting stronger domestic scenario.
. India was the primary revenue driver with the revenue of USD 5.91 m followed by US with USD 2.34 m.
. Middle East & North African markets have shown consistent growth contributing 11% as against last year corresponding quarter contributions of 7%.

Business highlights:
. Adds 21 new customers for Ramco OnDemand ERP
. Sees Aviation market reviving, globally
. Wins a deal for its MRO offerings from a large airline in India
. Sees good traction from Middle East, maintains healthy pipeline

Other announcements:
. Ramco announced a global partnership with IDBLUETM to provide end to end RFID solutions within the aerospace sector for the purpose of MRO, aircraft and component, data identification, tracking, enhanced line maintenance and performance based utilization.
. The company once again was successfully audited for ISO 9001:2008 Quality standards and ISO 27001:2005 information security standards.

Commenting on the results, Mr. P.R. Venketrama Raja, Vice Chairman, Managing Director & CEO, Ramco Systems said, - "We have consistently maintained breakeven for the last six quarters and are looking forward for similar traction in the coming quarters. This quarter has been good for us in terms of new order wins and customer acquisitions. Our sustained efforts and investments towards our OnDemand offering have started yielding the desired results with consistent traction and addition of customers, QoQ. In addition, we are also witnessing good visibility for our Banking Analytics practice. Overall, the financial year has begun on a positive note and with the strengthening of our products & technology, we are hopeful of good quarters ahead."


About Ramco Systems

Ramco Systems, a part of the USD 800+ million Ramco Group, has delivered enterprise software and services since 1989. Today, Ramco is a global provider, catering to over 100,000 users. Their resource strength exceeds over 1,300 employees operating out of 18 offices in 9 countries. Ramco Systems develops cost effective, flexible, and innovative enterprise applications, which can be fast deployed. It helps businesses respond to change swiftly. The company provides solutions to multiple verticals including banking, insurance, manufacturing, supply chain, aviation, transportation and logistics, healthcare, governance, retail and so on. Ramco's collaborative solution innovation platform-Ramco VirtualWorks ensures that when your business changes, your system also changes along. Ramco Systems has been certified for ISO 9001:2008 quality standards, and ISO 27001:2005 security standards.

For more information, please visit www.ramco.com

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT business including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of governmental fiscal incentives, political instability, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Ramco Systems may, from time to time, make additional written and oral forward-looking statements, including statements contained in our reports to shareholders. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.

To view the results tables, please click on the link below:

Results Tables

For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/Q1_results.pdf
Q1_results.pdf


CONTACT DETAILS
Vinitha Ramani , Ramco Systems Ltd., +919840368048, vinitharamani@rsi.ramco.com
Twinkle Xavier, 20:20 MEDIA, +919884480115, twinkle@2020india.com

KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, STOCK EXCHANGES, TRANSPORT, TECHNOLOGY

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BWI: Ramco on Demand ERP Continues to Grow; adds 21 New Customers in Q1

Press release from Business Wire India
Source: Ramco Systems Limited
Monday, August 02, 2010 09:10 PM IST (03:40 PM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology, Stock exchanges, Transport engineering; Technology
--------------------------------------------------
Ramco on Demand ERP Continues to Grow; adds 21 New Customers in Q1
Company Maintains Breakeven, Posts Global Income of USD10.20 M

Chennai, Tamil Nadu, India, Monday, August 02, 2010 -- (Business Wire India) -- Ramco Systems (BSE - 532370, NSE - RAMCOSYS, MSE - RSST), one of the leading IT product company focused on consulting, product and managed services today announced, the results for the first quarter of FY 2010-11.

For the quarter ended June 30, 2010 (Q1:10-11), global income of Ramco Systems including revenues from subsidiaries in USA, Switzerland, Singapore, Malaysia and South Africa stood at USD 10.20 m (Rs 45.86 cr). The profit for the quarter stood at USD 0.06 m (Rs 0.25 cr) as against last year corresponding quarter profit of USD 0.15 m (Rs 0.73 cr).

Financial highlights:
. Q1 revenue grows 11% YoY
. India operations contributed 60%, followed by US with 24%, as against last year corresponding quarter contributions of 42% and 34% respectively, depicting stronger domestic scenario.
. India was the primary revenue driver with the revenue of USD 5.91 m followed by US with USD 2.34 m.
. Middle East & North African markets have shown consistent growth contributing 11% as against last year corresponding quarter contributions of 7%.

Business highlights:
. Adds 21 new customers for Ramco OnDemand ERP
. Sees Aviation market reviving, globally
. Wins a deal for its MRO offerings from a large airline in India
. Sees good traction from Middle East, maintains healthy pipeline

Other announcements:
. Ramco announced a global partnership with IDBLUETM to provide end to end RFID solutions within the aerospace sector for the purpose of MRO, aircraft and component, data identification, tracking, enhanced line maintenance and performance based utilization.
. The company once again was successfully audited for ISO 9001:2008 Quality standards and ISO 27001:2005 information security standards.

Commenting on the results, Mr. P.R. Venketrama Raja, Vice Chairman, Managing Director & CEO, Ramco Systems said, - "We have consistently maintained breakeven for the last six quarters and are looking forward for similar traction in the coming quarters. This quarter has been good for us in terms of new order wins and customer acquisitions. Our sustained efforts and investments towards our OnDemand offering have started yielding the desired results with consistent traction and addition of customers, QoQ. In addition, we are also witnessing good visibility for our Banking Analytics practice. Overall, the financial year has begun on a positive note and with the strengthening of our products & technology, we are hopeful of good quarters ahead."


About Ramco Systems

Ramco Systems, a part of the USD 800+ million Ramco Group, has delivered enterprise software and services since 1989. Today, Ramco is a global provider, catering to over 100,000 users. Their resource strength exceeds over 1,300 employees operating out of 18 offices in 9 countries. Ramco Systems develops cost effective, flexible, and innovative enterprise applications, which can be fast deployed. It helps businesses respond to change swiftly. The company provides solutions to multiple verticals including banking, insurance, manufacturing, supply chain, aviation, transportation and logistics, healthcare, governance, retail and so on. Ramco's collaborative solution innovation platform-Ramco VirtualWorks ensures that when your business changes, your system also changes along. Ramco Systems has been certified for ISO 9001:2008 quality standards, and ISO 27001:2005 security standards.

For more information, please visit www.ramco.com

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT business including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of governmental fiscal incentives, political instability, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Ramco Systems may, from time to time, make additional written and oral forward-looking statements, including statements contained in our reports to shareholders. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.



CONTACT DETAILS
Vinitha Ramani , Ramco Systems Ltd., +919840368048, vinitharamani@rsi.ramco.com
Twinkle Xavier, 20:20 MEDIA, +919884480115, twinkle@2020india.com

KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, STOCK EXCHANGES, TRANSPORT, TECHNOLOGY

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

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