“After a thorough evaluation of competing technologies, it was clear to us that InterCloud’s Airwave as a Service and Aruba’s technology were the perfect pairing to give Russell Reynolds a next generation WiFi solution that allows for the best user experience, incredible management functionality, and lower total cost of ownership,” said Ron Ongley, Global Head of Technology Infrastructure, Russell Reynolds Associates.
Mark Munro, InterCloud CEO added, “We are proud to announce that Russell Reynolds Associates has become a strategic customer. We released news about the proof of concept (POC) for “Airwave as a Service” less than two months ago and we are now moving forward with it in production. It is our belief that our OpenStack based IaaS offering for this cloud managed WiFi service has tremendous competitive advantages over traditional hardware based WiFi solutions. This is a replicable solution that can now be offered to all Aruba Networks customers worldwide. Typically these sales will create both upfront and monthly recurring revenue over multiyear agreements. In this case the life of the agreement will produce over three hundred thousand dollars in total revenue as designed. We look forward to the many new opportunities we believe will come to InterCloud as the enterprise market learns about this cloud management and orchestration product.”
About InterCloud Systems, Inc.
InterCloud Systems, Inc. is a single-source provider of end-to-end information technology (IT) and next-generation network solutions including Software Defined Networking (SDN) and Network Function Virtualization (NFV) to the telecommunications service provider (carrier) and corporate enterprise markets through cloud solutions and professional services. 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
Source: InterCloud Systems, Inc.
Released July 24, 2015