RapidCloud International PLC Major strategic partnership with AliCloud (3191R)

TIDMRCI

RNS Number : 3191R

RapidCloud International PLC

08 March 2016

8 March 2016

RapidCloud International Plc

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

RapidCloud signs major strategic partnership with AliCloud for South East Asia

RapidCloud International plc (AIM: RCI), the enterprise cloud computing infrastructure, software and solutions provider based in Southeast Asia, announces that its wholly owned subsidiary, RapidCloud (M) Sdn. Bhd., has signed a strategic partnership and distributorship with Alibaba.com Singapore E-commerce Private Limited ("AliCloud"), the international business and cloud computing arm of the Alibaba Group (NYSE:BABA).

Alibaba Cloud Computing, otherwise known as AliCloud, is one of the world's largest e-commerce companies, and was established in 2009 to operate the network that powers Alibaba's extensive online and mobile commerce ecosystem with a comprehensive suite of cloud computing services globally. AliCloud develops highly scalable cloud computing and data management services for over 1,800,000 customers worldwide, providing both large and small international businesses, financial institutions, governments and other organizations with flexible, cost-effective solutions for networking and IT needs.

The partnership will allow RapidCloud to offer AliCloud's public cloud infrastructure, consulting, managed services, training and support across its offices in South East Asia. RapidCloud will also be making its key products available from AliCloud platform as a total service offering to its customers. After six months of research and development, RapidCloud's key products such as its enterprise content management system, sales automation tool and document management have already been developed to be tightly integrated onto AliCloud platform. This will allow Alibaba and AliCloud users to be able to subscribe to such services easily.

The benefits of having RapidCloud's products on AliCloud platform include better reliability, faster access from various locations, including China and better scalability. At the same time, RapidCloud will also be working together with AliCloud and its parent company Alibaba to implement various go to market strategies and cross-selling opportunities.

Raymond Chee, Managing Director of RapidCloud, said:

"We are delighted to be partnering with AliCloud, one of the market leaders in the global public cloud computing industry. The ability to offer our products globally and in China through AliCloud's platform will give us an opportunity to provide our services to a wider audience. We also look forward to various marketing activities that will be undertaken by all relevant parties in the partnership to create success. This partnership is a strong endorsement by a global company and we are confident that it will contribute materially to our growth in the cloud computing business.

Partnership continues to play a central role in RapidCloud's growth strategy and the ability to leverage AliCloud's public cloud infrastructure platform provides mutually beneficial synergies of complementing RapidCloud's range of enterprise cloud products such as enterprise content management system, sales automation tool and document management system with a world class cloud infrastructure that is now made available as a total solution to businesses in South East Asia and beyond."

For further information, please contact:

 
RapidCloud International    [e-mail] 
 Plc 
Raymond Chee, Managing 
 Director 
 David Cotterell, Chairman 
WH Ireland, Nominated       Tel:[phone] 
 Adviser and Broker 
Adrian Hadden 
 Mark Leonard 
Walbrook, Financial PR      Tel: [phone] 
 and IR 
Paul Cornelius              [e-mail] 
 Sam Allen 
 

About AliCloud

Established in September 2009, AliCloud (www.alicloud.com), Alibaba Group's cloud computing arm, develops highly scalable platforms for cloud computing and data management. It provides a comprehensive suite of cloud computing services to support the participants of Alibaba Group's online and mobile commerce ecosystem, including sellers, and other third-party customers and businesses. AliCloud is a business within Alibaba Group.

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

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March 08, 2016 02:00 ET (07:00 GMT)