RapidCloud International PLC Strategic partnership with a leading ISP,Thailand (2918F)

TIDMRCI

RNS Number : 2918F

RapidCloud International PLC

19 February 2015

RapidCloud International Plc

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

Strategic partnership & distributorship with a leading Internet Service Provider, Thailand

RapidCloud International plc (AIM: RCI), the computing services, web-hosting and web-solutions provider based in Southeast Asia, announces that, via its associate Emerge Systems (Thailand) Limited, it has signed a strategic partnership and distributorship with CS Loxinfo PCL ("CS Loxinfo"), a leading systems integrator and Internet Services Provider (ISP) in Thailand, for an initial period of three years.

CS Loxinfo, together with its subsidiaries, provides Internet data centre services, leased line, broadband and satellite services for domestic and international communications in Thailand.

The partnership will allow CS Loxinfo to offer its large-scale enterprises and SME customers a selection of RapidCloud's enterprise cloud applications, beginning with RapidCRM, the Sales Automation and Management tool, on a revenue sharing basis. RapidCRM will be offered to enterprises in a choice of public-cloud or on-premise cloud environment.

Founded in 1994, CS Loxinfo is one of the most long standing and recognised ISP brands in Thailand with a considerable and wide-reaching customer base. The partnership offers a significant opportunity to RapidCloud, and is expected to speed the Company's growing presence within the Thailand enterprise market, substantially.

CS Loxinfo's parent company, Intouch Holdings PCL is a Thai holding company that focusses on telecommunication and is also the parent company of Advanced Info Service PCL (AIS), the largest mobile operator in Thailand and Thaicom PCL, Thailand's satellite operator and part of SET50 Index of Thailand Stock Exchange.

As previously stated, Telecommunication companies play a central role in RapidCloud's growth strategy and the Group continues to seek similar partner channel opportunities, which complement its strong direct sales model.

Raymond Chee, Managing Director of RapidCloud, said: "We are delighted to be partnering with CS Loxinfo, one of the market leaders in the Thailand Internet Services and Systems Integration industry. CS Loxinfo's selection of our solutions is another strong endorsement by a major services provider and we are confident that this partnership will yield significant penetration of the Thailand Internet broadband market."

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

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

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 40,000. 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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