Resource Star (ASX:RSL) has revealed that its acquisition target, Cloud Lands Digital Fortress, has entered into two formal binding agreements with Fujitsu Australia.
The first agreement with Fujitsu, a Master Services Agreement, provides Cloud Lands’ with access to Fujitsu’s top tier professional IT services and on-going customer support and takes 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 managed, 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 on a path to becoming a leading wholesale provider of cloud services to the growing SME market.
Currently, there are very few tailored solutions that provide small to medium enterprises access to high security, 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.
This announcement follows the agreement made on the 1 August 2014 by Resource Star to acquire 100% of the issued capital of Cloud Lands.
RSL is lightly capped at under $4 million.
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