- InterCloud (ICLD +6.3%) is acquiring VaultLogix, provider of cloud backup/recovery services for SMBs. Deal terms are undisclosed.
- VaultLogix has nearly 10K customers, $12M+ in annual recurring revenue, and annual EBITDA of $4.5M. The company will cross-sell InterCloud's cloud services to its clients.
- Shares are recovering some of the huge losses they saw on Friday after a law firm announced it's investigation paid promotion allegations involving InterCloud.
From other sites
at 4-traders.com (Mar 23, 2015)
at Benzinga.com (Dec 17, 2014)
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