Seeking Alpha

InterCloud +4% following new services contract

  • InterCloud (ICLD) will provide managed services for a "state of the art wireless and mobility network for a large Texas-based multinational." The company isn't named, but AT&T fits the description.
  • The deal is worth $3.95M, and will include leveraging the client's location-based services and analytics resources to "provide detailed information about their users and enhance their customer experience."
  • Shares rose on Monday following news InterCloud is joining the Russell microcap index. InterCloud announced a $4.9M distributed antenna system contract 3 weeks ago.
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