InterCloud falls after buying cloud infrastructure tech provider

|About: InterCloud Systems, Inc. (ICLD-OLD)|By:, SA News Editor

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."