SOURCE: Verecloud

Verecloud

August 02, 2011 06:00 ET

Verecloud Announces Cloudwrangler™ App Store for SMBs

DENVER, CO--(Marketwire - Aug 2, 2011) - Verecloud, Inc. (OTCBB: VCLD), innovators in the emerging cloud computing services business, today announces the launch of its online cloud marketplace Cloudwrangler™ specifically designed for SMBs, which can be found at www.verecloud.com.

Verecloud's Cloudwrangler makes it easier for SMBs to shop for, purchase, monitor and manage the performance of their hosted/cloud services at no additional charge. Verecloud currently offers cloud servers through SoftLayer®, Microsoft® Exchange, Microsoft® SharePoint and desktop backup services from Mozy® on its Cloudwrangler Marketplace.

The worldwide market for cloud spending is expected to grow to more than $150 billion, up from $59 billion in 2009. SMBs with less than 500 employees represent an underserved market for cloud services, and the cost of integration further impedes new service adoption. Plus, SMBs are finding it increasingly difficult to make sense of the rapidly growing universe of cloud services. Verecloud's enabling platform cuts through all these difficulties and provides SMBs with capabilities that traditionally were available only to large enterprises.

"We are bringing to SMBs applications and capabilities that are usually only available to large corporations that spend millions of dollars to achieve," stated John McCawley, chief executive officer for Verecloud. He further stated, "We know that our customers are looking for more than a cloud app marketplace. They want a simplified, secure, and dependable cloud experience. We believe they should be able to get that without getting a Ph.D. in cloud computing."

Verecloud also enables users of the Spiceworks community, the world's largest and fastest growing social business network for IT professionals, to monitor their cloud services through a Plugin that launched today. More than 1.6 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 their services through the Spiceworks Community.

About Verecloud
Based in Denver, Colorado, Verecloud®, Inc. is an innovative technology company that developed and operates a cloud service brokerage platform that integrates cloud service suppliers and connects to SMBs through multiple distribution channels. Verecloud is targeted at organizations that need innovative, high-margin cloud services to drive growth including SMBs, 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.

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