NEW YORK, Sept. 8, 2015 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (NASDAQ:ICLD), a leading provider of cloud networking orchestration and automation solutions and services, today announced that it has been selected by one of the world's largest global systems integrators as a prime vendor to deliver outsourced managed services and support for one of the largest US government agency's next generation voice and data network. The contract term is for five years and is projected to be worth at least $10 million during the base term. The contract award is effective immediately and transition of services is currently underway.
Mark Munro, CEO of InterCloud Systems stated: "This is the second multi-year $10 million-plus services contract in less than 30 days. Our team has been focused on long term engagements over the past year and these large scale customer agreements add credibility to our unique approach to the market. Long term recurring revenue accounts add to our value, stability, and long-term growth prospects. Our entire company remains focused on building long-term high value relationships with the world's largest communications companies.
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.