NEW YORK, Feb. 22, 2016 (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 was recently awarded over $2.1 million in new contracts for professional services in connection with the deployment of state of the art Distributed Antenna Systems (DAS) and next-gen WiFi networks for existing customers. A majority of the work is expected to begin immediately.
Mark Munro, CEO of InterCloud Systems stated: “InterCloud's pipeline of new business continues to provide multi-million dollar business opportunities for our sales organization. The massive expansion in use of smart mobile devices has increased the demand for carrier and enterprise WiFi usage. This has created security risks and the need for next-gen WiFi and DAS networks with deeper security and agility. InterCloud is in position to capitalize on the growth with our unique cloud managed WiFi offering. Additionally, with the influx of cash from our recently announced asset sale, the Company is well capitalized for our continued growth and now has the ability to strategically seize upon new opportunities”.
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.
Forward-looking statements:
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