NBT Equity Research Issues Research Report on Verecloud
07 June 2011 - 8:00PM
Marketwired
Verecloud, Inc. (OTCBB: VCLD), innovators in the emerging cloud
computing services business, today announced that NBT Equity
Research LLC has released a research report on the company. The
full research report can be accessed through
www.nbtequitiesresearch.com.
According to NBT Founder and Chief Research Officer Tobin Smith,
"Verecloud is literally at the ground floor of the exploding Cloud
Service Brokerage industry. NBT and industry analysts including
Gartner expect revenues for the cloud service brokerage industry to
explode in the small-to-mid sized business market, and the
Verecloud CSB cloud service brokerage platform is uniquely
positioned within this billion dollar monster growth segment."
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 evolving large
distribution channels. Verecloud will distribute, manage and bill
for cloud services to SMBs and allow them to manage these services
through a single portal.
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.
NBT Equities Research LLC is a member of the NBT Equity Group
LLC. They were founded by well-known research analyst Tobin Smith
and serial technology entrepreneur Amanda Besemer. Tobin Smith is a
contributing market analyst for Fox News Channel and Fox Business
Network and a regular panelist on its highly rated "Bulls &
Bears" weekly investment program.
About NBT Equities Research NBT EQUITIES
RESEARCH (NBT) is an independent equities research organization
focused on discovering the fastest growing emerging growth sectors,
companies and related niche ETFs around the globe. A division of
NBT EQUITY GROUP, LLC, NBT EQUITIES RESEARCH is in constant pursuit
of investable opportunities in the next big things worldwide. The
company was founded by NY Times Best Selling Author and Fox
Business News media personality Tobin Smith and serial technology
and marketing entrepreneur Amanda Besemer. For more information
visit: www.nbtequitiesresearch.com
About Verecloud Based in Denver, Colorado,
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. Nimbus CSB 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.
Investor Relations Jim Buckley Chief Financial Officer
Verecloud, Inc. 877-711-6492 jim.buckley@verecloud.com Media
Relations Dirk Van Slyke Corporate Marketing Verecloud, Inc.
303-999-7398 dirk.vanslyke@verecloud.com
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