Global enterprise software provider Ramco Systems has secured an order for Ramco Aviation Suite from Hong Kong Aircraft Engineering Company Limited ("HAECO"), one of the world's leading independent aircraft engineering and maintenance, repair and overhaul ("MRO") groups.
Ramco will provide end-to-end solution to HAECO ITM Ltd, a HAECO Group company which provides Inventory Technical Management solutions by unifying various techno-commercial functions - covering Customer Contract Management, Supply Chain Management, Inventory Management, Financial Management, and Component Engineering including Reliability Management - on a single platform equipped with advanced supply chain planning and optimisation. Ramco Aviation Suite will integrate with HAECO's existing business systems, while the partnership will also enable HAECO ITM to interface with customers and suppliers through Aeroxchange.
HAECO ITM provides services ranging from flexible inventory pooling options, Power-By-The-Hour support services and repair management to ad-hoc loans, exchanges and worldwide AOG support. With extensive component engineering and airline operating experience and strong in-house repair capabilities, HAECO ITM offers customised, innovative and cost effective component management solutions with guaranteed service level and high quality component maintenance to ensure customer fleet performance and technical dispatch reliability.
Christopher Gibbs, HAECO's Group Director of Components & Engine Services, said: "We are very pleased to reach this agreement with Ramco. With the implementation of this new IT system, we are able to support HAECO ITM's day-to-day operations with integrated, reliable and scalable end-to-end solutions to better serve our customers. We look forward to a strong partnership with Ramco to deliver exceptional value to our customers for a sustainable future."
Commenting on the win, Virender Aggarwal, CEO, Ramco Systems, said: "Winning the enterprise applications mandate from a leading global MRO has proven once again that our Aviation Suite has best-inclass functionality and user-friendly features. We believe that this strategic partnership with HAECO will go a long way in supporting its growing global business and also positioning us as one of the most comprehensive aviation software providers on cloud and mobile."
Ramco Aviation Software Ramco Aviation Software is trusted by 22,000+ users to manage 4,000+ aircraft globally. Accessible on cloud and mobile, Ramco Aviation Software continues to innovate with 'Anywhere Apps', significantly reducing transaction time both during aircraft-on-ground (AOG) conditions and critical aircraft turnarounds. Ramco is changing the paradigm of enterprise software with ZERO UI, powered by cool new features such as voice-based transactions on Google Assistant or Alexa, chatbots, mail bots, HUBs and cognitive solutions. With 75+ Aviation leaders onboard, Ramco is the solution of choice for several large airlines and top heli-operators and multiple MROs around the world.
Shares of RAMCO SYSTEMS LTD. was last trading in BSE at Rs.355.8 as compared to the previous close of Rs. 350.75. The total number of shares traded during the day was 7033 in over 247 trades.
The stock hit an intraday high of Rs. 362.05 and intraday low of 342. The net turnover during the day was Rs. 2491263.