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Ramco Systems Wins Order from T’way Airlines, South Korea


October 18, 2011 - Lawrenceville, New Jersey, United States And Chennai, Tamil Nadu, India

Ramco Systems, the Global Aviation Maintenance & Engineering (M&E) and Maintenance, Repair & Overhaul (MRO) software provider, announced today its agreement with T’way Airlines for Ramco’s Series 5 Aviation M&E software.

Under the agreement, Ramco will deliver the complete web based Series 5 M&E system, including Maintenance Programs, Supply Chain Management, Maintenance Execution for Line, Shop and Heavy operations and Reliability.

“We are pleased to have T'way Airlines as one of our newest customers implementing our Series 5 M&E software. Series 5 will be interfaced to the T’way Flight Operation system, thus providing them a full end-to-end solution utilizing Ramco’s state-of-the art VirtualWorks™ e-connect toolset wrapped around the M&E / MRO suite,” said Jim Fitzgerald, President of Ramco Systems Global Aviation Solutions.

According to a T’way communications representative, “T’way Airlines is excited and are looking forward to implement Ramco Aviation Solution. It will allow us to introduce best industry practices in the maintenance of our aircraft and reduce aircraft turnaround times, ensuring we achieve our goals related to highly competitive cost structures and future expansion”

About T’way

T'way Airlines is the first official low-cost start up airline based in Seoul, South Korea, offering scheduled flights between Seoul Gimpo Airport and Jeju International Airport, operating an all Boeing 737-800 fleet. The airline was established in 2004 as Hansung Airlines and was renamed T'way Airlines in August 2010.

About Ramco Systems:

Ramco Systems, a part of the USD 952 million Ramco Group, is one of a leading software company focused on consulting, product and managed services business. Headquartered in Chennai, Ramco Systems was started as an R&D division of Ramco Industries Limited in 1992, and later established as an independent company in 1999. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments. Globally, Ramco has over 125,000 users from 800+ customer organizations since inception. The company currently has offices spread across India, USA, Canada, Europe, Middle East, South Africa and APAC and employs over 1,500 employees.

Ramco’s key differentiator is its innovative approach to develop products through its revolutionary enterprise application assembly and delivery platform - Ramco VirtualWorks™. Ramco Systems has seven major product suites – Ramco Enterprise Suite, Ramco Enterprise Asset Management Suite, Ramco Aviation, Ramco OnDemand ERP (ERP on Cloud), Ramco Enterprise Information Management Suite, Ramco Advanced Process Control, and Ramco Mine Management. Strong domain knowledge coupled with proven implementation expertise enables Ramco to provide specialized solutions in verticals such as Manufacturing, Real Estate & Construction, Energy & Utilities, Logistics, Service, BFSI, Aviation, Government and Defense.

Ramco Systems has been assessed for ISO 9001:2008 and ISO 27001:2005 information security standards. Ramco’s BPO unit is SAS 70 Type II certified.

“Ramco Systems Limited (“the Company”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a rights issue of its equity shares and has filed a draft letter of offer (“DLOF”) with the Securities and Exchange Board of India (“SEBI”). The DLOF is available on the website of SEBI at www.sebi.gov.in, on the website of the lead manager at www.centrum.co.in and of the Company at www.ramco.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled “Risk Factors” of the aforementioned DLOF. The distribution of the DLOF to persons in certain jurisdictions outside India may be restricted by legal requirements prevailing in those jurisdictions. Persons into whose possession the DLOF may come will require them to inform themselves about and observe such restrictions. The equity shares proposed to be issued have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India (including but not limited to any securities laws in the United States) and may not be offered or sold, and persons in any such jurisdiction shall not participate in the proposed issue except in compliance with the applicable laws of such jurisdiction”.

For more information, please visit www.ramco.com

Follow Ramco on Twitter @ramcosystems/read latest news & updates on http://www.ramcoblog.com/

Source: Business Wire India

BusinessWireIndia

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