InterCloud falls after buying cloud infrastructure tech provider

Though it made sure to fill its acquisition PR with plenty of tech buzzwords, InterCloud (ICLD -7.4%) remains off sharply after announcing its buying RentVM, a developer of cloud infrastructure technology that leverages virtualization software (simplifies management and improves resource efficiency) to deliver cloud computing, storage, and other services. Terms are undisclosed.

InterCloud says RentVM's virtualization-based platform will allow it to offer "several optimized open-source and license based business applications to its customer in multi-tenant or private cloud models," and assist its goal to "offer a full suite of cloud services."

Comments (1)
  • GiorgioFL
    , contributor
    Comments (342) | Send Message
    Why the big drop? Is this not something that leads to future growth?
    3 Feb 2014, 06:24 PM Reply Like
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