Rumble Cloud Announces Strategic Partnership with Qinshift
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The strategic partnership between Rumble and Qinshift is poised to significantly influence the cloud services market. The collaboration aims to address a growing demand for Rumble Cloud services by leveraging Qinshift's global presence and managed IT expertise. This move could potentially increase Rumble's market share and customer base, especially in the enterprise sector. By capitalizing on Qinshift's workforce and its recent expansion through the acquisition of Avenga, Rumble is positioned to enhance its service offerings and customer onboarding process.
From a market perspective, the partnership is a strategic maneuver to tap into new markets and expand Rumble's global footprint. This could lead to increased revenue streams and a more diversified customer portfolio. However, the success of this partnership will largely depend on the seamless integration of both companies' services and the actual market reception of the enhanced cloud offerings. It's also important to consider the competitive landscape, as other major players in cloud services may respond with strategic moves of their own.
The announcement of the partnership between Rumble and Qinshift is likely to have a positive impact on Rumble's financial performance. The enhanced customer onboarding and expanded service offerings are expected to drive growth and increase profitability. Investors should monitor the company's quarterly financial reports for increased revenue from enterprise customers and any changes in operating margins resulting from the partnership.
Long-term, the partnership could lead to cost synergies and economies of scale, potentially improving Rumble's financial ratios. However, investors should be aware of the costs associated with such a strategic move, including potential upfront investments and integration costs. It will be crucial to assess whether the anticipated growth will offset these initial expenditures.
The partnership underscores a trend in the technology sector where companies are increasingly collaborating to combine infrastructure with managed services. This trend reflects the growing complexity of cloud services and the need for specialized expertise to manage them effectively. Rumble's decision to partner with Qinshift indicates a strategic pivot towards providing more comprehensive solutions that cater to the needs of enterprise customers.
The integration of DevOps and managed services with Rumble Cloud's infrastructure could set a new industry standard for cloud service offerings. The emphasis on quality and guidance throughout the cloud journey suggests a customer-centric approach, which is critical for customer retention and satisfaction in the tech industry. The partnership's success will hinge on its ability to deliver on these promises and differentiate itself from competitors.
Partnership will address market demand for Rumble Cloud™ and serve enterprise customers at scale.
LONGBOAT KEY, Fla., March 13, 2024 (GLOBE NEWSWIRE) -- Rumble (NASDAQ: RUM), the video-sharing platform and cloud services provider, is excited to announce a strategic partnership with Qinshift, a global premier leader in managed IT services and solutions with more than 7,000 employees (combined with Avenga, a recently acquired Germany-based global technology platform).
By teaming up with Qinshift, Rumble Cloud will bring together the expertise, resources, and industry insights of both companies while leveraging Qinshift’s highly skilled workforce, expertise, and global footprint to address customer demand for Rumble Cloud.
Rumble Cloud aims to leverage the strengths of both companies to deliver premium cloud services and drive growth through a) enhanced customer onboarding with Qinshift's highly skilled workforce to grow enterprise customers at scale, b) market expansion with Qinshift's global network and expertise, c) expanded service offerings by tapping into Qinshift's extensive portfolio of managed IT services and solutions.
"We are thrilled to join forces with Qinshift," said Rumble Chairman and CEO Chris Pavlovski. "This partnership allows us to meaningfully scale up and accelerate our go-to-market approach as we offer a wider range of services and onboard cloud customers expediently and effectively.”
"This partnership represents an exciting opportunity for Qinshift to combine our DevOps and managed services with Rumble Cloud’s latest generation infrastructure," said Ludovic Gaudé, CEO of Qinshift. "Together, we will leverage our strengths to deliver exceptional value-add solutions, services, and support to customers worldwide, emphasizing high quality and providing guidance at every phase of the cloud journey."
ABOUT QINSHIFT
Qinshift is a global technology company with a strong European presence, aiming to solve business problems for forward-leaning companies worldwide. Qinshift has over 3,000 genuine tech experts across 28 offices who build and design software and deliver end-to-end enterprise solutions, visionary UX and UI design, reliable managed services, and innovative product development offerings. Qinshift also provides cutting-edge tech consultancy services. The company caters to a diverse clientele, including large telecom and satellite operators, financial and banking institutions, manufacturing and automotive companies, and mobility and health organizations, supporting their digital transformation journey. Qinshift is currently in the process of integration with Avenga, a recently acquired global technology platform headquartered in Germany. The combined company employs over 7,000 people and has an annual turnover of over 400 million euros. For more information, visit qinshift.com.
ABOUT RUMBLE
Rumble is a high-growth video platform and cloud services provider that is creating an independent infrastructure. Rumble's mission is to restore the internet to its roots by making it free and open once again. For more information, visit corp.rumble.com.
Contact:
press@rumble.com
marina.domazetovska@qinshift.com
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