Ramco Systems, a firm engaged in wide array of businesses, has announced its entry into the Philippine market as it sets up a wholly-owned subsidiary under the name Ramco System Inc.
At a press presentation yesterday held at the Raffles Hotel, the firm said the Philippines' growth performance has prompted them to open a subsidiary in the country.
The firm said it wants to focus on service industry, people management, enterprise asset management and business process outsourcing (BPO).
The firm's office in the country will employ local innovators at a time when the Philippine information technology sector moves beyond BPO business.
PR Venketrama Raja, vice chairman and managing director of the firm, said they are ready to face any challenge posed by competitors in the IT and Internet of Things industry of the country.
"I think our entry is very timely because you just held your quake drill," Ramas, Asia Pacific head of Ramco System Inc., told business reporters and bloggers in jest during the presentation.
One of the businesses of the firm is enterprise software which has functionality similar to a comprehensive ERP which is based on latest model-based architecture that runs in iOS, Android and Windows platform.
According to Raja, they are into wide range of businesses, including software and cement. "A buoyant economy and drive to embrace disruptive technologies is driving enterprises in Philippines to invest in latest technologies," Raja added.
Raja said the business they are bringing into the country is similar to the business brought by Oracle and SAP, two leading names in software industry. It is also in the aviation, energy, utilities, equipment rental, facility management, infrastructure, logistics, manufacturing, mining, professional services and trading business.
"Given the excellent technical manpower in the 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," the official added.
Ramco System was founded in 1999 and has head office in Chennai, India. It has offices in Unite States, Europe, Africa and has posted $69.97 million total income in end-2015.