Rhipe Limited(ASX:RHP) dropped from S&P Global BMI Index

rhipe Limited (rhipe) is an Australia-based cloud software reseller and cloud related consultancy service company. The Company is engaged in cloud subscription management platform and subscription-based licensing program with value added services such as training, consulting, marketing, and 24*7 support. rhipe platform helps multinational software vendors to migrate their traditional Information Technology (IT) channel customers from on-premises software infrastructure to cloud computing business models with subscription-based software as a service (SAAS). rhipe sells and manages subscription software to Channel customers including Managed Service Providers (MSPs), Independent Software Vendors (ISVs) and System Integrators (SIs).