InterCloud Systems Announces a New Cloud Services Contract Valued at $500K

InterCloud Systems, Inc. ICLD (the "Company" or "InterCloud"), a leading provider of cloud networking orchestration and automation solutions and services announced today it has been selected by a Massachusetts based Pharmaceutical company to provide a cloud based data protection and replication service. InterCloud will provide key value add elements including geographic data redundancy to guard critical customer data against any colossal failure, natural disaster or human error. In addition, InterCloud will provide a total turnkey implementation including design, implementation, integration and managed services. Mark Munro, CEO of InterCloud, stated, "We are pleased to report this new business relationship. InterCloud's cloud data protection and disaster recovery services are expected to be provisioned immediately and will safeguard our customer's critical data against any unforeseen harmful events. Our team at Vaultlogix made a tremendous effort to design an industry leading solution for this application." Mr. Munro continued; "It has been a little over a year since we closed the acquisition of Vaultlogix and it has exceeded our expectations with its financial results. Vaultlogix has grown its topline revenue in 2015 and a run rate EBITDA growth of over 20% through end of Q-2 2015 versus the same time period in 2014. We could not possibly be more pleased with the growth in our cloud data protection platform results. This is the model for our future with a vast majority of recurring revenues."