12th May 2016 08:28
LONDON (Alliance News) - RapidCloud International PLC said it has won a contract worth around GBP100,000, as it appointed distributors in Thailand and Malaysia and launched a new product.
The cloud computing products company said it won a contract with Wellmart Online Sdn Bhd, expected to generate revenue of MYR550,000 in its first year of operation - around GBP95,000 at current exchange rates.
RapidCloud signed two strategic partnerships with Symphonet Sdn Bhd in Malaysia and Interlink Communication PCL in Thailand to market is new disaster recovery as a service products.
The company has launched a disaster recovery managed service delivered through the cloud, which is intended for customers to use to avoid losing critical data in the event of a man-made or natural disaster.
"The new contract win from Wellmart continues to demonstrate our ability to provide e-commerce portal solutions and consulting services to large enterprises. We will continue to strengthen our positioning as an e-commerce and portal systems builder and consultant," said Managing Director Raymond Chee in a statement.
Shares in RapidCloud were up 5.9% at 39.70 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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