InterCloud Systems Wraps VaultLogix Buy

**Editor’s Note: Please click here for a recap of the biggest channel-impacting mergers in Q3 2014.**

Shrewsbury, New Jersey-based InterCloud Systems on Friday completed its acquisition of VaultLogix, a cloud solutions company that sells through channel partners.

InterCloud says VaultLogix brings with it:

  • a 98 percent recurring revenue stream;
  • 80 percent gross margins;
  • 40 percent adjusted-EBITDA margins;
  • 10,000 users to cross-sell InterCloud products;
  • more than 600 channel partners for distribution of InterCloud products; and
  • proprietary cloud backup software for InterCloud’s customers.

“VaultLogix will immediately strengthen InterCloud’s competitive position within the cloud services market,” said Mark Munro, CEO of InterCloud Systems. “In addition to new products, VaultLogix also brings us direct and indirect sales teams focused in the SMB and middle markets that complement our enterprise and service-provider business segments. VaultLogix has a recurring revenue base of cloud storage and data protection services through over 600 channel partners, which we believe will catapult our growing sales through new bundled service offerings.”

InterCloud bought VaultLogix for $16 million in cash, $12.75 million in stock and $15.5 million in three-year convertible seller notes.

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