23 June 2014
RapidCloud International plc (AIM: RCI), the Southeast Asian based software solutions provider offering subscription services through all segments of cloud computing, announces two significant contract wins, the combined revenue value of which is in excess of £1 million. This revenue is expected to be recognised in the current financial year.
RapidCloud has won a material contract with the national legislature of a country in Southeast Asia. The contract is to assist in the development of a cloud management system which can rapidly process vast amounts of legislation data while providing members of the legislature easy access to required information such as documents, video, profiles and events through a single secure interface. The core of the integrated legislation management system is being built on RapidCloud’s in-house developed solutions, RapidSearch and PortalWeb.
Launched in May of this year, RapidSearch is RapidCloud’s ‘big data’ solution offering comprehensive reporting and data analysis of both structured and unstructured data. PortalWeb is RapidCloud’s web portal building solution enabling the unified presentation of diverse information feeds.
RapidCloud has additionally won a contract with a separate government owned institution in Southeast Asia to deploy its recently launched cloud-based application programming interface, RapidAPI.
RapidAPI gateway solution streamlines the management and operation of applications whilst at the same time enhancing security and regulatory compliance. The solution is ideal for organisations that are exposed to management and security challenges, such as Governments, Telcos, Internet Service Providers and large-scale enterprises, given the existence of the large and diverse number of applications running within their network.
Raymond Chee, Managing Director of RapidCloud, commented: "We are delighted to announce these contract wins which demonstrate the success of our investment in developing new enterprise level products. Having only just launched RapidSearch and RapidAPI we are already gaining traction for the products which move us up the value chain and into important new markets such as the public sector.
"The combined revenue value of these contracts is significant and this therefore gives us considerable confidence for the current financial year.”
For further information, please visit www.rapidcloudasia.com or contact:
|RapidCloud International Plc
Raymond Chee, Managing Director
David Cotterell, Chairman
|Allenby Capital, Nominated Adviser and Joint Broker
|Tel: +44 (0)20 3328 5656|
|Walbrook, Financial PR and IR
|Tel: 44 (0)20 7933 8792
RapidCloud, one of the few integrated subscription-based computing solutions providers in Malaysia that offers its services through all three currently available segments of cloud computing. 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 37,000. 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, Thailand and the Philippines and has plans to expand into Indonesia. 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.