RCI Rapidcloud

TIDMRCI

RNS Number : 0553H

RapidCloud International PLC

12 August 2016

RapidCloud International Plc

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

Appointment as Alibaba.com Channel Sales Partner for Malaysia

RapidCloud International plc (AIM: RCI), an enterprise cloud computing infrastructure, software and solutions provider based in Southeast Asia, announces that its wholly owned subsidiary, RapidCloud (M) Sdn. Bhd., has been appointed by Alibaba.com, a global B2B platform of Alibaba Group, as an authorised Gold Supplier membership channel sales partner for Malaysia. This appointment will place RapidCloud (M) Sdn. Bhd. as one of Alibaba.com's authorised Gold Supplier Membership channel sales partners in Malaysia.

This appointment will enable RapidCloud to help Alibaba.com enroll Malaysian SMEs into its Gold Supplier membership, offering Alibaba.com's Malaysian Gold Supplier members, typically exporters, traders, retailers and manufacturers, certain value-added services via the international business-to-business platform operated by Alibaba.com. In addition, RapidCloud will be able to up-sell its existing software suite including digital marketing, e-commerce and sales automation tools, e-mail and cloud services as well as provide local support and training services to both existing and prospective Alibaba.com Malaysian Gold Supplier members.

It is expected this agreement, which is complementary to the partnership with Alibaba Cloud (the cloud computing arm of Alibaba Group) announced on 8 March 2016, positions RapidCloud well to sell both Alibaba tools and services and its own proprietary software to Alibaba.com Gold Supplier members to enable them to rapidly expand the volume of transactions they complete, thereby adding significant value to those enterprises.

RapidCloud will initially deploy at least 30 sales people to capture this market opportunity over the first six months of the agreement, which will expand to at least 40 sales people within the first year of the agreement.

Raymond Chee, Managing Director of RapidCloud, said: "The partnership with an esteemed global business-to-business leader such as Alibaba.com will enable the enterprises in Malaysia to benefit from this powerful trading platform. We believe the ability to procure local support, training and access to other B2B products proprietary to RapidCloud, from a local company they are familiar doing business with is particularly compelling to customers and ultimately benefit enterprises across Malaysia.

"Collaboration with partners who can offer complementary products and services will undoubtedly play a central role in RapidCloud's organic growth strategy. This partnership with Alibaba.com fits particularly well with this strategy and delivers significant value to our shareholders."

CONTACTS

 
RapidCloud International    investorqueries@rapidcloudasia.com 
 Plc 
Raymond Chee, Managing 
 Director 
 David Cotterell, Chairman 
 
WH Ireland, Nominated                           Tel: +44 (0)20 
 Adviser and Broker                                  7220 1666 
Adrian Hadden 
 James Bavister 
 
Walbrook, Financial                             Tel: +44 (0)20 
 PR and IR                                           7933 8780 
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 42,000. 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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August 12, 2016 05:57 ET (09:57 GMT)

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