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InterCloud To Acquire RentVM, Inc.

Stocks in this article: ICLD

RED BANK, N.J., Feb. 3, 2014 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (Nasdaq:ICLD) (the "Company" or "InterCloud"), a single-source provider of end-to end IT and next generation network solutions to the service provider and corporate enterprise markets through cloud platforms and professional services, announced today the impending acquisition of RentVM, Inc. ( a New Jersey Corporation ).  RentVM expands InterCloud's cloud and managed services capabilities by providing InterCloud an SDDC (Software Defined Data Center) platform to offer enterprise-grade cloud computing solutions. RentVM's platform provides self-service portal that allows for auto, on demand provisioning of Cloud assets through a hierarchy system supported by enterprise level security and offering clients a streamlined process to virtualize existing infrastructure and integrate to cloud solutions.  This Cloud orchestration system includes a software defined network (SDN) management tool that allows for quicker time to market for IT teams orchestrating growth in IT environments globally.

InterCloud CEO, Mark E. Munro, stated, "RentVM dramatically expands our cloud capabilities. This platform brings InterCloud systems: network, server and storage virtualization in some of the top datacenters in North America.   With this level of connectivity InterCloud systems can offer private cloud services to potentially every single business address in US. By leveraging this platform, InterCloud systems will be able to offer several optimized open-source and license based business applications to its customer in multi-tenant or private cloud models. Our goal is to offer a full suite of cloud services to our customers and this acquisition will assist us in this endeavor."

About InterCloud Systems, Inc.

InterCloud Systems, Inc. is a global single-source provider of value-added services for both corporate enterprises and service providers. The company offers cloud and managed services, professional consulting services and voice, data and optical solutions to assist its customers in meeting their changing technology demands. Its engineering, design, installation and maintenance services support the build-out and operation of some of the most advanced enterprise, fiber optic, Ethernet, and wireless networks. Additional information regarding InterCloud may be found on the Company's website at www.intercloudsys.com .

About RentVM, Inc.

RentVM enables the power of Cloud Computing. RentVM delivers Infrastructure-as-a-Service technology to Software Developers, Healthcare, Education, small and medium size businesses and enterprises to enable Public and Private (enterprise) Cloud environments. Our extensive experience in system integration and solutions centric services help our customers to quickly migrate and adopt to cloud based services.

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