RapidCloud International PLC Result of AGM (8224K)

TIDMRCI

RNS Number : 8224K

RapidCloud International PLC

27 June 2014

RapidCloud International Plc

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

Result of Annual General Meeting

RapidCloud International plc (AIM: RCI), the Southeast Asian based software solutions provider offering subscription services through all segments of cloud computing, is pleased to announce that at its Annual General Meeting held earlier today all resolutions were passed.

-Ends-

For further information, please visit www.rapidcloudasia.com or contact:

 
 RapidCloud International                                       investorqueries@rapidcloudasia.com 
  Plc 
  Raymond Chee, Managing 
  Director 
  David Cotterell, Chairman 
---------------------------  --------------------------------------------------------------------- 
 Allenby Capital, Nominated                                               Tel: +44 (0)20 3328 5656 
  Adviser and Broker 
  Alex Price 
  Jeremy Porter 
  Chris Crawford 
---------------------------  --------------------------------------------------------------------- 
 Walbrook, Financial PR                                                    Tel: 44 (0)20 7933 8792 
  and IR                                                                 rapidcloud@walbrookpr.com 
  Bob Huxford 
  Guy McDougall 
---------------------------  ---------------------------------------------------------------------

About RapidCloud

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 37,700. 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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