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Stock Market & Financial Investment News

News Breaks
March 24, 2014
08:09 EDTICLDIntercloud Systems to acquire VaultLogix
InterCloud Systems announced that it has entered into a Definitive Agreement to acquire cloud solutions company, VaultLogic. VaultLogix has over $12M in annual recurring revenue with EBITDA at approximately $4.5M.
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August 21, 2015
08:20 EDTICLDIntercloud Systems announces new business backlog of over $38M
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August 17, 2015
07:53 EDTICLDIntercloud Systems secures new $9M-$15M professional services contract
InterCloud Systems announced that it has been selected by one of the world's largest Tier 1 communications service providers based in the United States as a prime vendor to deliver outsourced professional services and support for their wireline and wireless next generation voice, data, and transport infrastructure solutions. The selection process was based on delivery capabilities, geographic reach, technology support capabilities, and performance evaluations. The contract term is for three years with two one-year options, and is projected to be worth at least $9M during the base term, with expansion to over $15M. The contract award is effective immediately and transition of services is currently underway.

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