InterCloud Systems Awarded New Contracts Valued at Over $510,000
InterCloud Systems, Inc.
Jul. 05, 2018
SHREWSBURY, NJ, July 05, 2018 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (OTC:ICLD), a leading provider of cloud networking orchestration and automation solutions and services, today announced that it was recently awarded over $510,000.00 in new contracts for Next-Gen Wi-Fi and DAS services for new and existing customers. A majority of the work is expected to begin over the summer and fall.
Mark Munro, CEO of InterCloud Systems stated, “Our professional services team continues to produce consistent revenue and earnings. We expect this team to continue to produce similar results throughout the second half of 2018. In addition, our SD-WAN team continues to develop new revenue opportunities within the Tier 2 and Tier 3 Service Provider segment. We have a pipeline of opportunities for the SD-WAN platform and we will continue to focus on these recurring revenue sales.
Mark Munro added “ With our operations streamlined and our senior debt service substantially reduced, we are now actively looking for strategic opportunities to restore some shareholder value. Those opportunities include potential mergers as well as additional divestitures”.
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 SD-WAN and related professional services. Additional information regarding InterCloud may be found on InterCloud's website at www.intercloudsys.com.
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CONTACT: Investor Relations InterCloud Systems, Inc. 561-988-1988