InterCloud Systems Granted New Contracts Worth Over $3.2 Million

InterCloud Systems Inc (NASDAQ: ICLD) announced Tuesday that it has been granted recently more than $3.2 million in professional service contracts to support next generation Wi-Fi, as well as, DAS network deployments from existing and new clients.

InterCloud Systems CEO Mark Munro stated: "We continue to build upon our backlog with significant new business. While we develop our cloud portfolio of IT services and products based around software defined networks ("SDN") and network function virtualization ("NFV"), our legacy professional services segments continues to grow as our existing customers seek network upgrades and expansions."

At time of writing, InterCloud was up 1.24 percent at $0.80.