Ramco Systems rose 2.96% to Rs 437 at 15:20 IST on BSE after the company said it partnered with TrustSphere to offer HR Managers messaging intelligence to boost team collaboration.
The company made the announcement during market hours today, 20 November 2014.
Meanwhile, the S&P BSE Sensex was up 26.35 points or 0.09% at 28,060.14.
On BSE, so far 940 shares were traded in the counter as against average daily volume of 6,492 shares in the past one quarter.
The stock hit a high of Rs 441.85 and a low of Rs 426.90 so far during the day. The stock had hit a 52-week high of Rs 530.25 on 9 September 2014. The stock had hit a 52-week low of Rs 107.80 on 19 November 2013.
The stock had underperformed the market over the past one month till 19 November 2014, rising 0.66% compared with the Sensex's 7.37% rise. The scrip had, however, outperformed the market in past one quarter, gaining 8.58% as against Sensex's 6.1% rise.
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The mid-cap firm has an equity capital of Rs 24.30 crore. Face value per share is Rs 10.
Human resource leaders can now use advanced analytics to improve teamwork, facilitate mentoring and identify influencers who lead their organisations by studying patterns from email, voice and instant messenger traffic-without viewing the content of the messages.
The ability to use such advanced analytics for people development was unveiled today in a partnership between Ramco Systems (Ramco) - a leading Human Capital Management (HCM) IT solutions provider - and TrustSphere (TrustSphere), which has pioneered messaging intelligence for corporations.
Ramco will add TrustSphere's analytics tools - which allow rich insights on staff behaviour without breaching privacy - to its suite of services for HCM clients to improve HR management with the ease of cloud-based mobile applications.
Ramco's HCM solution is already used by many multinational corporations to manage talent, benefits and payroll. The partnership with TrustSphere will allow clients access to detailed visual maps of relationships within the organisation, between staff and customers and partners.
Mr. Harsh Vardhan, Exec. VP - Global Marketing & Channels, Ramco Systems said, "We are excited to be partnering with TrustSphere whose unique messaging intelligence technology complements our efforts to empower clients with more intuitive IT, including context awareness, for their HR management."
Mr. Manish Goel, CEO of TrustSphere said, "We are delighted to be partnering with Ramco which has built a considerable customer base for its next generation cloud-based HCM platform. This partnership will allow both companies to empower client organisations to harness messaging intelligence and enable them to more effectively leverage their talent."
TrustSphere delivers real-time analytics through its proprietary software that analyses an organisations communications and interactions without even looking at the message content. This software enables objective and statistical analysis of key influencers in an organisation and also enables HR professionals to identify potential areas of employee attrition.
Ramco HCM is a comprehensive HR & Talent Management solution with multi-country Payroll available on cloud as well as on-premise. Ramco HCM has been gaining significant momentum with an average addition of one new customer a week, since its launch in June 2013. Ramco HCM focuses on bringing mobility, a Gen-Y friendly user experience, social platform integration, speed of in-memory engine and contextual application into its cloud HR software to address the needs of new-age HR managers.
Ramco Systems reported consolidated net profit of Rs 3.22 crore in Q2 September 2014 compared with net loss of Rs 2.85 crore in Q1 June 2014. Total income rose 12.31% to Rs 87.38 crore in Q2 September 2014 over Q1 June 2014.
Ramco Systems, a part of the Ramco Group, is a software company focused on consulting, products, and managed services business.
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