SOURCE: Verecloud

Verecloud

August 04, 2011 06:00 ET

Verecloud Brings in Industry Veteran to Drive Catalog Expansion

DENVER, CO--(Marketwire - Aug 4, 2011) - Verecloud, Inc. (OTCBB: VCLD), innovators in the emerging cloud computing services business, today announced that it has engaged technology industry veteran John Dardick to lead the portfolio of cloud service suppliers that will be featured in its marketplace.

Verecloud's mission is to make it easier for SMBs to shop for, select, purchase, manage and monitor the performance of an organization's hosted/cloud services and related spending, at no additional charge. Verecloud currently offers cloud servers through SoftLayer, Microsoft® Exchange, Microsoft® SharePoint and MozyPro desktop backup services.

"Our platform creates integration that does not exist in the cloud currently, and the quality of our service suppliers and those relationships will be critical to our success. John has a long track record of success in creating win-win strategic partnerships, and we are already seeing the value in his contributions," stated John McCawley, chief executive officer for Verecloud.

Verecloud bridges the current gap between SMBs that want expanded and integrated services via the Cloud and innovative cloud computing solution suppliers who want access to the value-added distribution channels. Verecloud will distribute, manage and bill for cloud services to SMBs and allow them to manage these services through a single portal, and at no additional charge.

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.

Dardick has been an effective executive leader in the wholesale value-added technology distributor sector for more than two decades. His areas of responsibility included business operations, supplier business development and management, integrated supply chain, inventory planning and procurement, sourcing, marketing operations, distribution and logistics. Dardick held executive and senior management positions with Avnet, GE Access and Connecting Point of America/Intelligent Electronics. He also provided supply chain, vendor and product management, procurement, change management and sales consulting services to IBM, ComputerLand and Neoris. He is a GE-certified Six Sigma Executive Champion.

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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