Verecloud, Inc. (VCLD) stock heads skyward on new product launch

Posted on: Thursday, May 12th, 2011
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Verecloud, Inc. (OTCBB: VCLD) shares doubled to 30 cents, on word of a new product launch. Volume for the stock was 2,500 shares. This, after the Denver-based company announced the launch of its cloud services management platform for the Spiceworks Community, the world’s largest and fastest growing social business network for IT professionals.

More than 1.4 million SMB IT professionals, representing companies that spend an average of $132,000 each on IT annually, rely on Spiceworks to manage their IT infrastructure and services. Verecloud will utilize Spiceworks Vendor Pages and other social marketing programs to distribute services through the Spiceworks Community.

Cloud adoption has accelerated faster than even the most aggressive forecasts. The worldwide market for cloud spending is expected to grow to more than $150 billion, up from just $59 billion in 2009.

Verecloud’s VP of Strategic Partnerships, Brad Hoffman enthused, “We are going to market in this exciting community with the first version of our platform that makes it easier for SMBs (small to medium businesses) to shop for, select, purchase, manage and monitor the performance of their cloud services and related spending through a single portal and pay for these services from a single bill.”

Founded in 2006, Spiceworks™ is the world’s largest and fastest growing social business network for IT. 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.

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Category: OTCBB, Penny Stocks, Technology Stocks
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