InterCloud Secures Contract With Multi-National Firm for SD-WAN Solution
SHREWSBURY, N.J., Aug. 25, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (OTC:ICLD), a leading provider of cloud networking orchestration and automation solutions and services, announced today it has entered into a contract with Tekmark Global Solutions for its automated provisioning and management software system for multi-location and multi data-center networks – NFVgrid SD-WAN. Tekmark is a multi-national, New Jersey based IT professional services company.
InterCloud’s SD-WAN solution provides functions for fully secure, encrypted connection of remote offices and data centers without the need for IT technicians onsite or truck roll requirements. This solution fully automates the initial customer premises equipment (either physical or virtual) roll out as well as ongoing management, maintenance and monitoring services.
Guy DelGrande,CEO of Tekmark stated: “The implementation of NFVgrid SD-WAN will allow Tekmark to manage its wide area network more efficiently. A lot of network configurations, management and monitoring functions that were traditionally handled manually are now automated utilizing NFVgrid SD-WAN.”
Mark Munro, CEO of InterCloud states that, "As we begin to transform InterCloud from a professional services oriented business to a SaaS solutions company, contracts such as these are critical steps in this transition. The public markets recognize the value of SaaS modeled companies versus traditional, professional services companies. The anticipated revenue growth, increased gross margins and the recurring revenue nature of this business is compelling.”
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.
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.
CONTACT: Investor Relations InterCloud Systems, Inc. 561-988-1988