Why InterCloud Systems (ICLD) Stock Is Skyrocketing On Friday

NEW YORK (TheStreet) -- Shares of InterCloud Systems Inc. (ICLD) are soaring 22.17% to $7.55 after the company announced it is partnering with VMware Inc. (VMW), a company that provides virtualized infrastructure solutions utilized by organizations to help improve how they build, deliver, and consume information technology resources.

InterCloud also announced the opening of a new sales office in New England, saying the team brings "tremendous" cloud mobility experience to the InterCloud.

"Our mission is to partner with our customers in building a next-generation cloud-centric IT organization. Gartner estimates the cloud computing market will grow from $68.3 billion to $148.8 billion by 2015, and VMware offers industry-leading software defined enterprise solutions to support our mission," said company Executive VP of Sales and Marketing, Scott Davis.

Must Read: Warren Buffett's 25 Favorite Stocks 

ICLD Chart ICLD data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more

More from Markets

Stocks Lose Steam as Yields Hover Near 3% Threshold

Stocks Lose Steam as Yields Hover Near 3% Threshold

Video: Stop Using Student Loan Money to Buy Bitcoin

Video: Stop Using Student Loan Money to Buy Bitcoin

Let the Najarian Brothers Crash-Proof Portfolio

Let the Najarian Brothers Crash-Proof Portfolio

Facebook Sends Facial Recognition Notification in Error

Facebook Sends Facial Recognition Notification in Error

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists