Seeking Alpha

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 (140) | Send Message
    Why the big drop? Is this not something that leads to future growth?
    3 Feb 2014, 06:24 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs