SHREWSBURY, N.J., May 4, 2015 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. ( the "Company or "InterCloud" ) (Nasdaq:ICLD) a single-source provider of end-to-end information technology (IT) and next-generation network solutions including Software Defined Networking (SDN) and Network Functions Virtualization (NFV) to the telecommunications service provider (carrier) and corporate enterprise markets through cloud solutions and professional services, announced today the launching of NFVGrid, a Network Functions Virtualization Orchestration platform.
InterCloud's Network-as-a-Service ( NaaS ) offering (an ETSI NFV ISG framework based NFV and Cloud orchestration platform) provides multi-vendor cloud and NaaS. This new platform utilizes open APIs to ensure interoperability with different OSS/BSS platforms, cloud management systems, SDN controllers, and virtualized network function (VNF) managers. Contrail from Juniper is an industry proven solution for SDN and we are building on top of it to maximize the benefit for the end user. This platform enables our network service provider and enterprise customers to quickly launch network functions without dealing with complex underlying open stack, hypervisor and physical hardware configurations, Which results in low cap-ex and on-demand scale up or down based architecture. In addition to this platform our professional services arm makes this transition easier and painless for our customers. From operational perspective InterCloud becomes one-stop shop to support the entire architecture, supporting multiple vendors and technologies."
InterCloud Vice President of Cloud Services, Aqeel Asim, stated: "The biggest motivation driving service providers and cloud providers to pursue NFV is the ability to quickly deploy services for new revenue opportunities. The virtualization is a reality and its going to change business models." Asim added, "We have taken a pragmatic approach to implement network and service orchestration for virtualized network services keeping in mind the integration with existing BSS/OSS solutions. We are closely following the evolving role of standards in operationalizing of virtualized services."
CEO Mark Munro stated, "Our NaaS offering, powered by NFVGrid is a major breakthrough for our Company. Infonetics forecasts the carrier SDN and NFV market to reach $11 Billion by 2018. We have positioned InterCloud to be a competitive force in the emerging growth of Next-Generation IT and telecom networks."
About InterCloud Systems, Inc.
InterCloud Systems, Inc. is a single-source provider of end-to-end information technology (IT) and next-generation network solutions including Software Defined Networking (SDN) and Network Function Virtualization (NFV) to the telecommunications service provider (carrier) and corporate enterprise markets through cloud solutions and professional services. InterCloud offers cloud and managed services, professional consulting and staffing services, and infrastructure and applications to assist its customers in meeting their changing technology demands. InterCloud's cloud solutions offer enterprise and service-provider customers the opportunity to adopt an operational expense model by outsourcing to InterCloud rather than the capital expense model that has dominated in recent decades in IT infrastructure management. Additional information regarding InterCloud may be found on InterCloud's website at www.intercloudsys.com.
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.
CONTACT: Investor Relations InterCloud Systems, Inc. 561-988-1988
Source:InterCloud Systems, Inc.