ViniX

RHP - Rhipe Limited ascending triangle breakout

ASX:RHP   None
ASX:RHP ascending triangle breakout
Shares price target 19 per cent or $1.69 and 32 per cent or $1.88.

ASX:RHP provide wholesale of subscription software licenses to a growing number of IT service providers in the Asia Pacific region. Most of these software subscriptions are for products from world leading software vendors such as Microsoft, VMware and Citrix. In addition, the Group provides consulting and support to vendors and IT service providers transitioning their own clients to cloud and subscription centric business environments.

Divisions - Cloud Licensing:
This division does selling of Software. Users pay based on usage build and expand on cloud licensing programs. Company provide value added services like consulting and marketing. Company is trying to expand its presence in South East Asia.

Divisions - Cloud Solutions:
Cloud Solutions division provides a small technical consulting group and 24x7 support team to assist ASX:RHP resellers and key vendors. The consulting team helps with technical implementation services and assist to drive the ongoing sale of additional licenses.

Divisions - Cloud Operations:
This division add value with systems & ease of trade for Cloud Service Providers. Cloud first, digital is a marketing transformation to drive demand for channel partners. They do Billing, software-asset management license optimization.

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