IT and telecom solutions provider InterCloud Systems has completed the acquisition of Integration Partners-NY, which will be used to build InterCloud's portfolio of cloud and managed services.
InterCloud Systems, a Red Bank, N.J.-based IT and telecom solutions provider, is adding to its growing cloud portfolio through the acquisition of Integration Partners-NY (IPC-NY).
The two companies serve similar markets—enterprises and services providers. InterCloud already has a cloud practice, serving its customers by providing cloud platforms and professional services wrapped around those platforms. By acquiring IPC-NY, InterCloud is expecting to add to its portfolio of cloud and managed services.
Through IPC-NY, InterCloud plans to further its distribution of its cloud platforms to both new and existing customers. According to InterCloud, IPC-NY has grown rapidly over the last five years, with 2013 revenue of $25 million.
"There are significant growth opportunities in cloud-based solutions that will allow both our enterprise and service provider customers to integrate their applications and services into our cloud platform," said Mark Munro, CEO of InterCloud, in a prepared statement. "InterCloud and IPC-NY create a dynamic organization that leverages our capabilities to deliver and support the many facets of cloud applications and managed services. We are looking forward to an exciting year in 2014 and beyond."
InterCloud plays in several different aspects of the cloud computing market, including infrastructure as a service (IaaS), platform as a service (PaaS), database as a service (DbaaS) and software as a service (SaaS). IPC-NY's product portfolio includes cloud-based offerings around voice and data networking—seemingly complementary product lines that should play well together and enable InterCloud to build its market share and customer base in the cloud space.