RapidCloud International plc provides computing solutions, Web hosting and Web solutions through a Cloud Computing delivery model to customers within Malaysia and Southeast Asia. The Company offers three types of Cloud Computing delivery models, namely Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS). The Company's customer includes small and medium enterprises in Southeast Asia, government agencies, multinational corporations and large scale enterprises. Through its SaaS distribution model, the Company hosts software and makes this available to customers over a public or private network. The Company provides PaaS for both Web and mobile applications, covering standard, customizable and integrated solutions. It offers IaaS solutions for both shared and dedicated server environments, usually packaged along with supporting services to administer and manage these virtual services.

http://rapidcloudinternational.com/

Up 19.5% today
RapidCloud International PLC (RCI:LSE) set a new high during today's trading session when it reached 91.00. Since the IPO on Aug 14, 2013, the share price is up 28.06%.

Seems to be on a roll now, up 9%

RapidCloud International PLC (RCI:LSE) set a new high during today's trading session when it reached 100.00. Since the IPO on Aug 14, 2013, the share price is up 43.88%.

Up another 14%

Entered the aim market a week today. Going great.
Closed up 15.38%

RapidCloud International PLC (RCI:LSE) set a new high during Tuesday's trading session when it reached 116.00. Since the IPO on Aug 14, 2013, the share price is up 61.87%.

Starting to head north in the last hour.

Up 21%, good recovery

Up another 15% on a poor markets day.

From David Thornton, The Penny Sleuth. Sept 6th.

This Aim stock plugs you into Southeast Asia

I wrote about Cloud Computing a few weeks ago. In essence, it’s a way of outsourcing many of your computing and technology requirements. Instead of spending vast sums of money building and maintaining IT equipment, businesses can simply rent computing power and services online through Amazon or iomart – just as you would get electricity from a utility over the grid.

There are two ways you can profit from this growth sector. First there’s the mammoth raw computing power that firms can now access online. Over the last decade, internet giants such as Amazon have been building vast computer farms housed in warehouses and abandoned factories. They are now renting these out for use over the internet.

Secondly, there’s the business services that cloud providers can offer online. One of the first companies to do this was Salesforce. Declaring the “end of software”, Salesforce offered a simple service – a computer programme that helped corporate sales forces keep track of their accounts over the internet. But now you can rent all sorts of business services online and save your business a fortune in the process – from accounting to sales to web design. This is called Software-as-a-Service or SaaS, and it is a godsend for small businesses and startups.

The cloud will be an increasingly important factor in delivery of IT services. Cisco estimated that cloud data traffic is growing at 44% pa currently and researchers Frost & Sullivan expect the market to more than double in value over three years, from $20bn in 2012 to $47bn in 2015. That’s explosive growth!

And the thing is that a lot of this growth will come from emerging markets; which is where the company I want to talk about today operates.

A new Malaysian cloud player in town

RapidCloud International (RCI) is a Malaysian supplier of cloud based services that has recently listed on the AIM market. The Malaysian cloud industry is growing at 42% currently, and is expected to reach $131m in 2015. Support for the market is coming from government and from strong growth in new business registrations. Cloud computing revolutionises the way a business can run its operations and it is easy to see how the cloud lowers entry barriers to starting up a new business.

RCI’s origins go back to 1999 when it began a web hosting service – running servers which allowed its clients to go online with a website. To add value to this service, RCI began designing and maintaining websites for clients, which was quite labour intensive. The shift to the cloud and SaaS came in 2009 when it launched a software product that allowed customers to build their own websites using tools provided online by RCI. Now RCI offer tools enabling clients to set up online commerce services and manage more complex online functions - from web building to e-commerce software. It’s a good business to be in right now…

RCI serves some huge global companies

SaaS makes up 68% of revenues. The bulk of the remainder is hosting services. Here RCI own the servers but rents the space in data centres to house them. This has paid off for RCI because rental costs are falling due to a glut of local data centre capacity. As a smaller player compared to Fujitsu for example, RCI has focused on the SME sector where it estimates it has a 6-7% share of the half a million companies with websites. It also has blue chip clients, serving local divisions of global companies like Prudential, Canon, and Deloitte.

The next big step is geographic expansion into neighbouring Indonesia. This market is eight to nine times the size of Malaysia, is close by and does not provide any language or cultural problems. Singapore and Vietnam offer longer term expansion opportunities. To support this strategy headcount is expected to double in the next two years to 200 people, with emphasis on sales and marketing as well as R&D.

So I see this as a great play on the development of these fast growing economies. As they look to expand internationally, companies in this region will need an online presence and a means to manage the huge growth in data traffic that comes with a growing business. That’s true of everyone from telecoms to banks and smaller businesses looking to expand without huge setup costs.

So why did RCI choose AIM?

I think we’ll see more companies like RCI listing on AIM in the next year. AIM seems to have had a lot of criticism but it still offers an attractive proposition to companies looking for a listing and the prestige that London offers. RapidCloud considered the US but was put off by the onerous Sarbanes Oxley rules. Hong Kong might have been deemed a more natural home for a Far East company, but the listing process would have taken a lot longer than AIM.

On listing, RCI only raised £1m. Significant funds weren’t needed due to it already being in a net cash position. The business is also cash generative and has the resources to develop its office in Indonesia and support the growth in the business. Surprisingly, the company pays a dividend which is a nice bonus for a small tech stock.

The founder, Raymond Chee, is only 37 and retains a 53% stake. One of the reasons for listing, apart from gaining a higher profile, is to have a currency to pay for acquisitions. We should expect this at some point and I understand Raymond is relaxed about being diluted as new shares are issued.

The shares listed at 54p in mid August and now stand at 80p where RapidCloud is valued at £14m. The free float is 35%, equivalent to just under £5m. On Allenby Capital’s forecast the shares trade on a p/e of 13.5 which seems very undemanding for the growth prospects. The maiden interim results are due in a couple of weeks and I will be looking out for them with interest.

Good investing,

David Thornton

Half Yearly Report

RNS


RNS Number : 6991O

RapidCloud International PLC

24 September 2013








24 September 2013

RapidCloud International plc

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



Interim results for the six months ended 30 June 2013



RapidCloud International plc (AIM:RCI), the computing services, web hosting and web solutions provider based in Southeast Asia, announces its half year results for the six months ended 30 June 2013.



Financial Highlights

· Revenue growth of 38% to RM 4.8 million (approximately £0.95 million) (H1 2012: RM 3.5 million)

· Gross profit margin of 73% achieved (H1 2012: 58%)

· Operating profit growth (excluding circa RM 0.35 million costs associated with the Company's IPO) of 156% to RM 2.3 million (approximately £0.46 million) - (H1 2012 RM 0.8 million)

· Profit before tax margin of 39% (H1 2012: 23%)

· Profit after tax growth of 115% to RM 1.9 million (H1 2012: RM 0.9 million)

· RM 2.3million cash (approximately £0.46 million) generated from operations before working capital changes (H1 2012: RM 1.1 million)

· Trade receivable days 84, down from 142 at 31 December 2012 - rolling trade receivable days 76



Operational Highlights (including post-period end highlights)

· Launch of Mobile Website Builder and Mobile Website with e-Commerce enabling customers to build smartphone and tablet compatible websites and link with payment gateways such as PayPal

· Release of new version of core product SME WebCombo+ incorporating a variety of new features

· Launch of e-Commerce Combo, a new suite of web products including shopping cart features and payment gateway services

· MSC (Multimedia Super Corridor) status and pioneer status awarded in June 2013 allowing Emerge Systems (M) Sdn Bhd, a subsidiary of the Group, to enjoy a further 5 + 5 years' of tax breaks in Malaysia

· Successful AIM IPO completed in August 2013 raising RM 4.9 million from UK investors to fund product development, geographic expansion and strengthen sales capabilities



Raymond Chee, Chief Executive of RapidCloud, commented: "We are delighted with our performance for the six months under review, during which time we achieved considerable growth in revenues, margins and profitability. In addition, the award of "MSC" status for a second time will have a significant positive impact on our earnings over the next decade.



"Healthy cash generation, combined with the successful IPO fund raise, has given us the resources to accelerate our penetration of the cloud services market within South East Asia. We are increasing investment in our sales force, skills, product offering and infrastructure to deliver a customer-centric range of cloud services and look forward to expanding our footprint in existing and new territories over the coming months.



"Traditionally the second half of the calendar year is stronger, accounting for circa. 60 per cent. of the year's revenues and we expect this trend to continue. We currently have a healthy and expanding pipeline and we look forward to the remainder of the year with confidence."

:-))

In Shares today it is just looking too dear, with a PE approaching 20 times.

New rather positive broker note appeared.
http://www.allenbycapital.com/research/rapidcloudinternational240913.pdf
RapidCloud International plc (RCI.L)
1H 2013 – Strong interim results
Revenues and PBT grew by 38% and 115% respectively on the prior year period. Additionally, margins at both the gross and after tax level improved substantially. Cash generation was also impressive with cash from operations increasing by 104%. During the period the Group was awarded a new MSC status (providing RapidCloud with tax breaks for a further ten years), additional products were launched and post period end the Company raised c.£1m at IPO. Given the strength of the results our forecasts now look conservative. That said, given the Company’s short track record as a listed company, we prefer to err on the side of caution and currently leave our numbers unchanged. Whilst the shares have had an impressive run since IPO, at 105p RapidCloud is trading on a 2013 PE ratio of 17.8x falling to 17.0x in 2014 but still on a significant discount to its larger peers which trade on multiples of over 30x.

Preliminary Results

http://www.moneyam.com/action/news/showArticle?id=4819620

Watch: David Cotterell, Chairman, RapidCloud International (RCI) discuss the preliminary results

Click here to watch

Contract wins

RNS


RNS Number : 2127K

RapidCloud International PLC

23 June 2014








23 June 2014

RapidCloud International Plc

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



Contract wins



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."

Watch: RapidCloud International (RCI) - Company update

Click here to watch

Completion of Acquisition and Contract Wins

RNS


RNS Number : 2384P

RapidCloud International PLC

15 August 2014








15 August 2014

RapidCloud International Plc

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



Completion of acquisition of Exxelnet Solutions Pte. Ltd.

and Contract Wins



RapidCloud International plc (AIM: RCI), the Southeast Asia based software solutions provider offering subscription services through all segments of cloud computing, announces that on 15 August 2014 it completed the acquisition of Exxelnet Solutions Pte. Ltd ("Exxelnet"), further details of which were announced on 23 July 2014. RapidCloud also announces a number of contract wins.



Completion of acquisition



Exxelnet is a Singaporean web development firm and the acquisition will further expand the Company's geographic footprint, enabling the fast track launch of RapidCloud's services into Singapore, the world's fourth largest financial centre. In addition, RapidCloud will be able to leverage Exxelnet's Search Engine Optimisation (SEO) and Search Engine Marketing (SEM) solutions, to be offered across its offices in Singapore, Malaysia, Thailand, Indonesia and the Philippines. As such, RapidCloud will now be able to offer complete end-to-end solutions to enterprises including infrastructure hosting, back-end software applications, front-end design and Internet marketing.



The acquisition also brings with it a talented team of software engineers, particularly in the field of web search engines, which includes former Google employees. The acquisition is also expected to be earnings enhancing.



Contract wins



RapidCloud is also pleased to announce that it has signed a contract with the registrar of companies for a country in Southeast Asia. RapidCloud is contracted to provide a scalable, high availability cloud environment to the client including managed cloud services .



The Company has also contracted with the courier division of a leading budget airline provide cloud hosting and managed services. RapidCloud will also provide the client with website design services, including the provision of an online airway bill tracking system and accompanying mobile application.



Managing Director and Founder, Raymond Chee commented: "We are delighted to have completed the acquisition of Exxelnet which is now unconditional and provides us with a profitable business in a key strategic territory. Exxelnet is an excellent fit with our existing business and we are confident that the combined Group will benefit greatly from cross-selling and up-selling opportunities.



"In addition, we are pleased to have signed the contracts mentioned above which further demonstrate that we are moving up the value chain and are gaining traction in significant new markets including the public sector."

Strategic partnership with a leading ISP,Thailand
RNS
RNS Number : 2918F
RapidCloud International PLC
19 February 2015

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."

Contract Wins with International Enterprises
RNS
RNS Number : 2922O
RapidCloud International PLC
27 May 2015

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 (£0.18m) 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."

Contract Wins with International Enterprises
RNS
RNS Number : 2922O
RapidCloud International PLC
27 May 2015

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 (£0.18m) 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."