Chennai-based software solutions provider, Ramco Systems, has secured Rs 325 crore through a Qualified Institutional Placement (QIP) for expansion.
The newly raised funds will be used retreat debt, support operational expenses to hire people and to expand its marketing in global markets.
Ramco Systems, a software company that focuses on consulting, products and managed services business is a part of Ramco Group. The company has 20 offices spread across India, APAC, the US, Canada, Europe, Middle East and Africa.
Last year, the company has raised INR 123 crore through a rights issue.