Microsoft ups Rhipe partnership, cloud distributor cracks $20 million recurring revenue

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Microsoft ups Rhipe partnership, cloud distributor cracks $20 million recurring revenue

Microsoft has appointed Australian cloud distributor Rhipe as a globally managed licensing partner, joining just seven other globally managed partners across the world, and the only one based in Asia-Pacific.

The appointment marks a number of milestones the cloud distributor touted on the ASX earlier today, noting that since launching its CSP program in 2015, the distie has driven consumption of more than 117,000 Office 365 seats across APAC and reached $20 million in annualised run rate revenue through more than 700 transacting partners, up from $4.6 million through 340 partners the same time last year.

Rhipe chairman Mike Hill said the new accreditation was the result of fast growth and hard work.

“In less than two years we’ve built a $20 million revenue stream,” he said. “It is these results and the constant innovation that our management team continues to drive that have resulted in Rhipe now joining an elite group of partners managed globally by Microsoft, both are fantastic milestones for Rhipe.”

The announcement saw Rhipe’s share price reach 42 cents per share mid-Thursday morning, up from 36 cents at the close of the market the previous day.

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