India, March 22, 2010: Ramco Systems, a leading provider of multi-disciplinary software products & services, today announced a significant order win from Medsol, a part of Gulf Healthcare International, a pioneer in providing pathology testing services in the Middle East & North Africa (MENA) region.
Medsol has licensed Ramcos commercial applications including Inventory, Purchase, Financials, Sales, HR and Payroll and Business Intelligence along with a customer portal.
Medsol, the clinical laboratory division of Gulf Healthcare International, is well positioned to offer a high quality of differentiated healthcare services at competitive costs. Ramco will provide a uniquely integrated solution to Medsol and also help them interface with APEX Plus, a Laboratory Information & Management System (LIMS), as well as an Attendance Registering System.
The healthcare market in the Gulf region is undergoing transformation on several fronts. With the digital information backbone provided by Ramco Enterprise Series, Medsol will be fully equipped to provide faster, better services to its stakeholders, employees, partners and customers through real time information, and also deal effectively with the ongoing changes in its marketplace.
Ramcos solutions will benefit Medsol by connecting all the labs with uniform and consistent data, including integration to Laboratory Information & Management System (LIMS). The Analytics engine provided with the ERP application will enable Medsol to constantly track metrics key to Medsols business, which in turn will enable Medsol to set up graphical representations of the output data.
About Medsol and Gulf Healthcare International
Medsol is a part of Gulf Healthcare International (GHI). Medsol provides pathology testing services via a network of independent and hospital laboratories across the MENA region. Medsol presently has 15 operational labs across MENA nine in UAE, five in Kuwait and one in KSA. GHI is owned by the private equity funds managed by Global Investment Houses alternative investment funds group, Global Capital Management Kuwait. GHI is a healthcare management company based in Dubai Healthcare City and operating in the Middle East and North Africa (MENA) region. The companys charter is to use international best practices in management to provide high quality and specialized healthcare to the people of the region.
About Global Capital Management
Global Capital Management Ltd., the Alternative Asset Management arm of Global Investment House manages the companys Alternative Asset Management. It is the leading alternative investment funds management company in the Middle East & North Africa (MENA) region managing about US$3.8 billion assets under management as of June 2009.
The Companys activities are focused on offering a broad array of investment choices for clients across varied alternate asset classes including exposure to growth capital private equity, buy-out, local and foreign real estate and international hedge fund opportunities. Unlike conventional investment funds, many of GCMLs alternative investment strategies seek positive returns that have less correlation to overall market movements.
GCML offers expertise across a wide range of products including Private Equity Funds, Real Estate Funds, Hedge Funds and Funds of Funds. The Company currently employs over 65 professionals comprising of 12 nationalities with cumulative work experience of over 550 years providing local and regional prospective on the various opportunities in the region. Each unit is managed by separate team of well qualified professionals. The Company has offices in Kuwait (headquarters), Saudi Arabia, Egypt and Turkey.
About Ramco Systems Ramco Systems, part of the USD 800+ million Ramco Group, has delivered enterprise software and services since 1989. Today, Ramco is a global provider serving over 100,000 users with more than 1,306 employees operating out of 18 offices in 9 countries. Ramco Systems develops cost effective, flexible and innovative enterprise applications that can be deployed fast. 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 more. Ramcos collaborative solution innovation platform - Ramco VirtualWorks ensures that when your business changes, your system changes too. Ramco Systems has been certified for ISO 9001:2000 quality standards, ISO 27001 security standards. For more information, please visit www.ramco.com
Garima Sinha Ramco Systems Ltd. Chennai Mobile : 97319 40088 Email : garimas@rsi.ramco.com Sonia Rana Ogilvy Public Relations Worldwide, Chennai Mobile : +91 9791038833 Email: sonia.rana@ogilvy.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.
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