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COMPLII FINTECH SOLUTIONS LTD — Capital/Financing Update 2014
Oct 15, 2014
64639_rns_2014-10-15_4c1413c8-44cd-4c8f-8bc4-fa732a3df596.pdf
Capital/Financing Update
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Resource Star Limited Suite 9, Level 2, 330 Churchill Avenue, Subiaco WA 6008 P. +61 8 6489 1600 F. +61 8 6489 1601
ABN 71 098 238 585
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16 October 2014
The Manager Market Announcements Office Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000
CLOUD LANDS SECURES TWO MILESTONE AGREEMENTS WITH FUJITSU
The two agreements signed with global IT services provider, Fujitsu Australia Limited
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Secure access to Fujitsu’s top tier IT data service from Fujitsu’s Perth data centre.
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Open up a platform for Cloud Lands to become a leading cloud services provider to the rapidly growing SME market.
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Leverage from Fujitsu Tier 1 expertise and knowledge in service fulfilment to deliver high security and high quality professional IT services to Cloud Lands.
Resource Star is pleased to announce that Cloud Lands Digital Fortress Pty Ltd (“Cloud Lands”) has entered into two formal binding agreements with leading IT services provider, Fujitsu Australia Limited (“Fujitsu”).
The first agreement with Fujitsu, a Master Services Agreement (“MSA”), which provides Cloud Lands’ with access to Fujitsu’s top tier professional IT services and on-going customer support. The agreement will take effect immediately.
The second agreement, which will become effective December 1, 2014, provides Cloud Lands with access to Fujitsu’s premier data centre in Perth. Under this agreement, Cloud Lands will seek to obtain sufficient space to house its cloud services platform, and will be provided access to Fujitsu’s fully managed, highly secure data centre, which meets critical data governance and compliance requirements.
Negotiations to finalise an agreement to access Fujitsu’s Melbourne data centre are underway.
The agreements set Cloud Lands firmly on a path to becoming a leading wholesale provider of cloud services to the rapidly growing SME market.
Andrew Bell, Chairman of Resource Star, commented:
“In Australia, the SME market accounts for circa 60% of total business income generated annually. Currently, there are very few tailored solutions that provide small to medium enterprises (SME) access to high security, fully managed cloud services, housed in Australia.
The signing of these agreements with a recognised global IT provider provides an important validation of the Cloud Lands business model and product offering. It provides an ideal platform for Cloud Lands to expand into the high growth and largely untapped SME market for specialist cloud based services.”
RESOURCE STAR LIMITED
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This announcement follows the agreement made on the 1 August 2014 by Resource Star to acquire 100% of the issued capital of Cloud Lands.
About Cloud Lands
Cloud Lands is a wholly Australian owned company in the process of becoming a provider of highly secure cloud services to the SME market. It intends to offer a combination of Tier 1 enterprise level support only available to larger enterprises and industry leading cloud hardware and software platforms to the SME market and provide its customers with an unrivalled cloud services experience.
About Resource Star Limited
Resource Star Limited (“RSL”) is listed on the Australian Stock Exchange (ASX: RSL). RSL has secured an exclusive option to acquire 100% of the issued capital of Australian start up cloud computing service and infrastructure provider Cloud Lands Digital Fortress Pty Ltd (“Cloud Lands”).
For and on behalf of the Board of Resource Star Limited
Mathew Walker Director
For further information contact:
Resource Star Limited Mathew Walker, Director: E: [email protected] T: +61 8 6489 1600 F: +61 8 6489 1601
For media enquiries:
Media & Capital Partners Christina Nallaiah, Director: [email protected] Rosa Smith, Senior Executive: [email protected]