Ramco Systems & HERE Technologies collaborate for location intelligence; stock gains
Ramco Systems, a leading global cloud enterprise software provider announced that it has partnered with HERE Technologies, a global leader in mapping & location platform services to embed location intelligence in their logistics ERP platform. Reacting to the news, its share gained over a per cent on BSE during the early trading session.
The clients of Ramco Systems will benefit from the real-time view of their logistics operations using HERE maps after embedding geo-visualisation layer provided by HERE.
Moreover, the company will use HERE’s routing application programming interface (API) to calculate the estimated time of arrival (ETA) based on historic and real-time traffic conditions, movement of hazmat materials as well as truck attributes, thereby, improving customer satisfaction. In addition to that, HERE will also provide advanced algorithms around dynamic re-routing based on traffic conditions.
Ramco Systems is a global provider with customers in 35 countries having a long list of clients. Its select customers include ABB Ltd, Amtek Auto Ltd, East India Hotels, ICICI Bank, JK Cement, etc. The company enjoys a 50 per cent market share in IT services for the aviation segment.
The company’s revenue mix comprises 35.9 per cent from enterprise resource planning, 39.2 per cent from human capital management (payroll software) and 24.9 per cent from aviation.
At 10.56 am on Wednesday, the share of Ramco Systems Ltd was trading 1.09 per cent higher at Rs 703.85. It has an intraday high of Rs 713 and an intraday low of Rs 702.85 on BSE.