Date:30/05/2006 URL: http://www.thehindubusinessline.com/2006/05/30/stories/2006053002550400.htm

Back Ramco Systems plans to transfer unit

Our Bureau

Chennai, May 29

Ramco Systems Ltd plans to transfer its Secured Converged Networking division, the largest division for the company, to a subsidiary called Ramco Infotech Solutions Ltd. The company's board has approved this proposal and it will now go to its shareholders for approval.The company officials could not be reached for a comment. Out of the Rs 117 crore revenue reported by Ramco in India for fiscal ended March 31, 2006, the division's contribution was Rs 54.26 crore. Ramco offers a range of converged solutions for Enterprise Local Area Network, Wide Area Network and IT security