RapidCloud International PLC Contract Wins with International Enterprises (2922O)

TIDMRCI

RNS Number : 2922O

RapidCloud International PLC

27 May 2015

RapidCloud International Plc

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

PortalWEB Contract Wins with International Enterprises

RapidCloud International plc (AIM:RCI), the computing services, web-hosting and web-solutions provider based in Southeast Asia, announces that the Company's wholly owned subsidiary, Emerge Systems (M) Sdn. Bhd., has won contracts with two major international companies for its newly launched PortalWEB product worth an aggregate RM 1 million (GBP0.18m) in the first year.

Contract Wins

The first of these PortalWEB contract wins is with one of the world's leading printing enterprises. Under the terms of the Software as a Service ("SaaS") contract, RapidCloud will build a framework and workflow system to handle internal purchase requisition, purchase orders, invoices, budgeting, contracts and assets management to automate the internal procurement approval processes.

The second contract is with a major Southeast Asian airline. Under the terms of the SaaS contract, RapidCloud will build an internal Training Management System ("TMS") on its PortalWEB platform. The TMS application will be developed to manage job posting, job recruitment, coaching, candidate profiling and on-the-job assessments. Job seekers, recruiters, trainers and administrative users will be granted different access controls and functionality to perform individual tasks. Dashboards for Business Intelligence analysis will provide an overview of the various key performance indicators of the entire placement processes enabling company-wide decision making.

About PortalWEB

PortalWEB is a proprietary secure web application platform developed in-house by RapidCloud and provides a platform for various applications such as content management, workflow management, enterprise search and business intelligence analysis. PortalWEB can be deployed as public cloud, on-premise cloud or a hybrid cloud solution thereby enabling customers to choose the right solution for their particular requirements.

Technologies such as PortalWEB are becoming more relevant for all types of enterprises that wish to deploy various workflow related systems across their enterprises. RapidCloud is able to provide consultancy, customisation, localisation, deployment and after-sales to its enterprise scale customers and government agency clients. Importantly, PortalWEB can also be integrated with other RapidCloud enterprise products to offer further cross-selling and up-selling opportunities to the Company.

Notice of Results

Further to the announcement on the 16 March, the Company now expects to announce its final results for the year ended 31 December 2014 in the week commencing 1 June 2015.

Raymond Chee, Managing Director of RapidCloud, said: "These contracts demonstrate our ability to provide core solutions to major international enterprises intent on optimising their processes in addition to our core SME customer base. Our wins in this competitive tender environment is a significant validation of skill sets and high customer service levels, which are yielding new contract wins with a high level of customer satisfaction."

Enquiries

 
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 
 Sam Allen

About RapidCloud

RapidCloud, provides cloud computing application, infrastructure and digital marketing services, such as website building components, search engines optimisation, e-commerce solutions, sales automation tools, document management and API gateway. 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. Its products and services can be delivered from public cloud, on-premise cloud or hybrid cloud.

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, Singapore, Indonesia, 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

END

CNTAFMPTMBMTBMA

Rapidcloud (LSE:RCI)
Historical Stock Chart
From Jun 2024 to Jul 2024