VCLD Verecloud Inc (CE)

Verecloud, Inc. (OTCBB:VCLD), innovators in the emerging cloud computing services business, today announced the launch of its cloud service brokerage platform for large enterprises looking for ways to aggregate, integrate and orchestrate their cloud services offerings.

The “Cloud” is a better way for businesses to acquire and use information and communication technology. From infrastructure to software, applications to storage, voice communications to messaging, virtually every aspect of IT or communications service is now available through the Internet. Diverse new cloud services are becoming available at a staggering rate, making it difficult to navigate the complicated array of offerings. Even more challenging is the integration of those services with existing business systems in a cost effective manner.

Cloud adoption has accelerated faster than even the most aggressive forecasts, with a variety of industry analysts recently predicting a worldwide market of $150 billion by 2014, from just $59 billion in 2009.

“We believe Verecloud’s Nimbus Cloud Service Brokerage is the first full-service brokerage. Our pioneering efforts are a launchpad for the aggregation and integration of cloud services as a true marketplace,” stated Verecloud chief executive officer John McCawley.

“For large telecommunications companies, that already have a trusted relationship with their business customers who purchase cloud services through their network, Verecloud’s solution allows them to simplify and automate the onboarding and management of these cloud services. Furthermore, it allows their small and medium business customers to integrate the services together, a functionality too expensive to implement before Nimbus CSB,” stated Dr. Hossein Eslambolchi, chairman and CEO of 2020 Venture Partners, and a Verecloud board member.

Verecloud is in discussions with several communications service providers worldwide regarding how Nimbus CSB can launch and transform their cloud services strategy.

About Verecloud

Based in Denver, Colorado, Verecloud®, Inc. is an innovative technology company that developed and operates Nimbus CSB, a cloud service brokerage platform that integrates cloud service suppliers and connects to SMBs through multiple distribution channels. Nimbus CSB is targeted at organizations that need innovative cloud services to drive growth including communications service providers (CSPs), managed service providers (MSPs), and innovative cloud computing solution suppliers who want access to the evolving distribution channels. For more information on Verecloud visit: http://www.verecloud.com.

Forward-Looking Statement

This release may contain projections and other forward-looking statements that involve risks and uncertainties. Forward-looking statements are projections reflecting management’s judgment and assumptions based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Future performance cannot be assured. Readers are referred to the documents filed by Verecloud with the Securities and Exchange Commission (SEC), specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Recent documents filed with the SEC can be found in the Investor Relations section of our website (www.verecloud.com). Verecloud believes the forward-looking statements in this release are reasonable; however, you should not place undue reliance on forward-looking statements, which are based on current expectations and speak only as of the date of this release. Verecloud is not obligated to publicly release any revisions to forward-looking statements to reflect events after the date of this release.

Verecloud (CE) (USOTC:VCLD)
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Verecloud (CE) (USOTC:VCLD)
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