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Slide #17. InterCloud Systems, Inc. — VaultLogix
InterCloud Systems, Inc. (ICLD)
InterCloud Systems, Inc. (Nasdaq:ICLD) ("InterCloud" or the "Company") announced today that it has entered into a Definitive Agreement (the "Agreement") to acquire cloud solutions company, VaultLogix, LLC. VaultLogix has over $12 million in annual recurring revenue with EBITDA at approximately $4.5 Million.
InterCloud Systems is a provider of cloud networking orchestration and automation, for software-defined networking and network function virtualization cloud environments to the telecommunications service provider and corporate enterprise markets through cloud platforms and services. Co. provides the following categories of offerings: Cloud and Managed Services, which provides integrated cloud-based solutions; Applications and Infrastructure, which includes unified communications, interactive voice response and SIP-based call centers; and Services, which include project management, network implementation, network installation, network upgrades, rebuilds, maintenance and consulting services.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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