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News Breaks
March 28, 2014
08:04 EDTICLDIntercloud Systems refutes allegations made against the company
InterCloud Systems became aware last week of allegations made on a website known as the Southern Investigative Reporting Foundation, or SIRF, that the company purportedly paid certain people to write articles and make certain alleged misrepresentations about the company. InterCloud takes any such allegations seriously and so, in response, the company hired a former senior federal prosecutor with the SEC Division of Enforcement and tasked him with conducting an investigation to determine whether there is any truth to these allegations. As a result of this investigation, the company is now in a position to state that these allegations are wholly without merit. The Rosen Law Firm filed a complaint against the company based on these reckless allegations. The company has not been served with any complaint filed at this time. Four other law firms are actively soliciting plaintiffs to join a lawsuit. The company will vigorously defend itself in any lawsuit filed. InterCloud CEO Mark Munro stated, "Because of the seriousness of these allegations, we felt obligated to take the time necessary to investigate whether there was any substance to these claims. We are proud of the accomplishments we have made in offering important cloud solutions to the enterprise and service provider markets. We remain dedicated to completing our mission to make InterCloud one of the foremost cloud and managed service solution providers in the IT services market."
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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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