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Key Alliance acquires cloud solutions provider for RM3.5m as it suits up for DFTZ

Mimi Sabreena 4:57:00 PM Informasi

KUALA LUMPUR (May 22): Key Alliance Group Bhd is buying enterprise cloud solutions provider RapidCloud (M) Sdn Bhd for RM3.5 million cash.

In a filing with Bursa Malaysia today, Key Alliance said the proposed acquisition will provide it a turnkey operation of 10,000-customer strong hosting business, which is expected to be earnings accretive immediately.

"The proposed acquisition (also) allows the group to immediately leverage of an existing reseller relationship with AliBaba Cloud and Alibaba Global Gold Supplier," it added.

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