NJ TECH CORNER: InterCloud Systems Inc.
Photo: Mark Munro, InterCloud Systems CEO, Chairman Photo Credit: Talkncloud.com
Mark Munro, InterCloud Systems CEO, Chairman | Talkncloud.com

Company Overview: InterCloud Systems Inc. is a Shrewsbury, NJ-based provider of cloud networking orchestration and automation for software-defined network and network function virtualization cloud environments to the telecommunications service provider and corporate enterprise markets through cloud solutions and professional services. Customers include many Fortune 1000 enterprises, wireless and wireline service providers, cable broadband MSO and telecommunication OEMS. As of November 10, 2016, the company had 482 full-time employees and 13 part-time employees. The company was founded in 1999.

 

Investment & Financial Information

 

Shares of common stock outstanding (as of November 7, 2016):

65,991,089

Share price of stock (as of Nov. 18, 2016)

  $0.05

Share price of stock (one year ago)

  $1.13

Current valuation (as of Nov. 18, 2016)

  $3.3 million

Valuation one year ago

  $36.89 million

Stock Symbol:

NASDAQ:ICLD

Net Revenues (year ended Dec. 31, 2015):

$74.92 million

Net Revenues previous year

$73.75 million

Net Loss ( Year ended Dec. 31, 2015)

($65,76 million)

Net Loss previous year:

($18.79 million)

 

Management Team

 

Name

Age

Title

Mark Munro

53

CEO, Chairman of the Board

Timothy A. Larkin

53

Chief Financial Officer


 Board of Directors

 

Name

Age

Title

Mark Munro

53

CEO, Chairman of the Board

Mark F. Durfee

59

Principal, Auerbach Acquisition Associates II

Charles K. Miller

55

CFO, Tekmark Global Solutions

Roger Ponder

63

President, CEO, Summit Broadband; former COO, InterCloud Systems

Neal L.Oristano

60

Vice President, Service Provider Sales Segment at Cisco Systems

 

Noteworthy Control

 

Name

Shares of common stock owned

% of total common shares

Mark Munro

1,601,118

4.9%

Mark F. Durfee

1,265,228

3.9%

 

 [All information for NJ Tech Corner was taken from the company's annual report and proxy statement, with the exception of the company's stock price and valuation.]

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