InterCloud announces a definitive agreement for the sale of a subsidiary
INTERCLOUD SYSTEMS (ICLD)
US:NASDAQ Investor Relations:
intercloudsys.com
Company Research
Source: GlobeNewswire
NEW YORK, Feb. 06, 2018 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (OTC:ICLD), a leading provider of cloud networking orchestration and automation solutions and services, today announced the execution of a definitive agreement for the sale of ADEX Corporation. Under the terms of this asset sale, InterCloud will receive $5.0 million in a combination of cash and seller’s note. Mark Munro, CEO of InterCloud stated, “the sale of this asset continues the realignment of InterCloud’s business strategy and reduction of our outstanding liabilities.” The closing is subject to completion of financing by the acquirer and other standard closing conditions. About InterCloud Systems, Inc. InterCloud Systems, Inc. is a leading provider of cloud networking orchestration and automation, for Software Defined Networking (SDN) and Network Function Virtualization (NFV) cloud environments to the telecommunications service provider (carrier) and corporate enterprise
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