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InterCloud Systems, Inc. (ICLD)

InterCloud Systems, Inc. is a foremost provider of cloud networking orchestration and automation solutions and services. It provides the modern-day Information Technology (IT) and network solutions to the enterprise markets via cloud computing and professional services. InterCloud offers cloud services (SaaS, PaaS, IaaS), professional consulting, data solutions, and maintenance services. InterCloud's mission is to enable carriers to speed up the deployment of Virtualized Network and IT Services. InterCloud Systems is based in Shrewsbury, New Jersey and the company lists on the OTCQB.

InterCloud is a top provider of cloud networking orchestration and automation for Software Defined Networking (SDN) and Network Function Virtualization (NFV) cloud environments to the telecommunications service provider (carrier) and corporate enterprise markets. The company's cloud solutions provide enterprise and service-provider customers the opportunity to adopt an operational expense model through outsourcing cloud deployment and management to InterCloud Systems.

InterCloud's products and solutions include NFVGrid – NFVO Management & Analytics Platform. This is a full scale next generation networking platform for virtualized network functions. NFVGrid is proprietary Intellectual Property (IP). However, it fully embraces Open Source.

Recently, InterCloud Systems announced the sale of a majority interest in its AW Solutions, Inc. subsidiary. AW Solutions provided DAS and Wi-Fi engineering services. Under the terms of the asset sale, InterCloud Systems will receive a $2.0 million convertible note in the new company, an additional working capital adjustment in 60 days, and a potential earnout after six months. Furthermore, the company will retain a 19.9 percent ownership interest in the new company.

InterCloud Systems also recently announced the sale of its Training Division. Its training division provided professional services centered on education and training in the network space. The asset was originally acquired by the company in 2016 for $1.0 million in common stock. Under the terms of the asset sale, InterCloud Systems received $1.4 million in cash, additional working capital adjustment, and the elimination of roughly $215,000 in net accrued liabilities.

 

 

 

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