InterCloud Systems Awarded Over $1.6 Million of Additional New Contracts
Mar 16, 2017 08:00:00 (ET)
InterCloud Systems Awarded Over $1.6 Million of Additional New Contracts
NEW YORK, March 16, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (OTCQB:ICLD), a leading provider of cloud networking orchestration and automation solutions and services, today announced that it was recently awarded over $1.6 million in new contracts to provide next-generation Wi-Fi and DAS network upgrades. A majority of the work is expected to begin immediately.
Mark Munro, CEO of InterCloud Systems stated: "The Company has successfully strengthened its balance sheet over the last six months and reduced millions of dollars in liabilities. We are continuing on our path to profitability through the reduction of liabilities and operating expenses, as we continue to generate business from new and existing customers."
About InterCloud Systems, Inc.
InterCloud Systems, Inc. is a leading 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 through cloud solutions and professional services. InterCloud's cloud solutions offer enterprise and service-provider customers the opportunity to adopt an operational expense model by outsourcing cloud deployment and management to InterCloud rather than the capital expense model that has dominated in recent decades in IT infrastructure management. Additional information regarding InterCloud may be found on InterCloud's website at www.intercloudsys.com.
