InterCloud Systems acquires managed services provider Integration Partners-NY


InterCloud Systems (ICLD +11.9%) acquires managed voice, data, optical, and unified communications services provider Integration Partners-NY. Close is expected by the end of the year.

InterCloud expects IPC-NY to generate net income of $3.5M on revenue of $25M in 2013.

To finance the acquisition, InterCloud has completed the sale of $11.625M in 12% convertible notes due 2015.

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