RCI Rapidcloud

TIDMRCI

RNS Number : 9865X

RapidCloud International PLC

12 May 2016

RapidCloud International Plc

("RapidCloud", the "Company" or the "Group")

Product Launch, Strategic Partnership & Contract Win

RapidCloud International Plc (AIM: RCI), the enterprise cloud computing services and web-solutions provider based in Southeast Asia, announces the launch of a Disaster Recovery as a Service solution ("DRaaS"), the appointment of distributors in Thailand & Malaysia as well as new contract win worth approximately GBP100,000.

DRaaS Service

DRaaS is a cloud delivered disaster recovery managed service for protecting companies from loss of mission critical data in the event of a man-made or natural disaster. It is designed to ensure business continuity by minimising downtime and disruption in the event of server failure or other disaster.

Strategic Partnerships

RapidCloud has also successfully signed two strategic partnerships with Symphonet Sdn Bhd ("Symphonet") in Malaysia and Interlink Communication PCL ("Interlink") in Thailand to market its new disaster recovery as a service managed services.

Symphonet is a Malaysian fibre optic network operator offering dedicated high speed data Internet connections, wireless, Ethernet, leased lines, IP CCTV solutions, network services and network security services to over 1,000 businesses, large corporations and commercial buildings in Malaysia.

Interlink is one of the largest fibre optic backbone providers in Thailand. It is publicly traded on the mainboard of the Stock Exchange of Thailand (SET). Interlink is engaged in implementation of high speed structured telecommunication networks and distribution of networking solutions. Riding on the advanced fibre-optic technology, enterprise customers and service providers are able to benefit from Interlink's leading-edge fibre optical network nationwide.

Both strategic partnerships allow Symphonet and Interlink to offer its customers a selection of RapidCloud's enterprise applications, beginning with DRaaS packaged together with their fibre connectivity, to provide a seamless and reliable high-speed transfer of critical data between the customer's primary server and RapidCloud's DRaaS facility.

Contract Win

RapidCloud is also pleased to announce a contract win with Wellmart Online Sdn Bhd ("Wellmart"), a subsidiary of the automotive & plantation conglomerate Delloyd Ventures Group, for the Company's e-commerce portal system development tools and consulting services. The contract is expected to generate revenue of approximately RM550,000 in its first year of operation.

Wellmart is a multichannel e-commerce marketplace providing one-stop online shopping solution for specialised automotive parts targeting the Association of Southeast Asian Nations ("ASEAN") market. The solution will be built on the RapidCloud PortalWEB platform, supported by its responsive web and mobile app (iOS & Android) user interface, to provide customers with an effortless shopping experience and retailers with simple and direct access. By leveraging the RapidCloud partner eco-system, Wellmart is able to integrate this platform with its logistics partner to automate the operational processes.

RapidCloud will also be providing its comprehensive ecommerce consulting services to Wellmart from Infrastructure to platform, to user experience and go-to-market strategies leveraging on its digital and social media marketing capability.

Raymond Chee, Managing Director of RapidCloud, said:

"Strategic partnerships with leading telecommunication companies will continue to play a central role in RapidCloud's growth and our partnership with Symphonet and Interlink is a testimonial to that. There is fast growing demand amongst SMEs and Enterprises in Southeast Asia for cloud-based Disaster Recovery solutions and we are confident that the addition of reliable telecommunications partners will complement our strong direct sales model to significantly accelerate growth and market penetration.

The new contract win from Wellmart continues to demonstrate our ability to provide e-commerce portal solutions and consulting services to large enterprises. We will continue to strengthen our positioning as an e-commerce and portal systems builder and consultant."

CONTACTS

 
RapidCloud International    investorqueries@rapidcloudasia.com 
 Plc 
Raymond Chee, Managing 
 Director 
 David Cotterell, Chairman 
WH Ireland, Nominated       Tel:+44 (0)20 7220 1666 
 Adviser and Broker 
Adrian Hadden 
 Mark Leonard 
Walbrook, Financial PR      Tel: +44 (0)20 7933 8792 
 and IR 
Paul Cornelius              rapidcloud@walbrookpr.com 
 Sam Allen 
 

About RapidCloud

RapidCloud, provides computing services, web-hosting and proprietary web-solutions, such as web-site building and e-commerce solutions. The Company is based in Southeast Asia and is one of the few solutions providers in the region to deliver its offerings through all three available Cloud Computing segments, i.e. Software-as-a-Service, Infrastructure-as-a-Service and Platform-as-a-Service.

Formed in 1999 the Company has a well-established cloud offering with a customer base of over 43,000. These are predominantly SMEs but also include blue-chip clients such as Deloitte, BAE Systems and Canon, for which RapidCloud's extensive R&D department creates bespoke software solutions.

RapidCloud currently has operations in Malaysia, Indonesia, Singapore, Thailand and the Philippines. According to industry research commissioned by RapidCloud from Frost & Sullivan in 2013, the Cloud Computing industry in Asia Pacific is expected to grow at a CAGR of 49.6% between 2013 and 2015, giving a market size of US45.6 billion by 2015. RapidCloud International plc was admitted to AIM on 14 August 2013.

For further information, please visit www.rapidcloudasia.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 12, 2016 02:00 ET (06:00 GMT)

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