InterCloud Systems Announces New Business Backlog at All-Time High of Over $36 Million

SHREWSBURY, N.J., May 1, 2015  -- InterCloud Systems, Inc. ( the "Company or "InterCloud" ) (ICLD) a single-source provider of end-to-end information technology (IT) and next-generation network solutions including Software Defined Networking (SDN) and Network Function Virtualization (NFV) to the telecommunications service provider (carrier) and corporate enterprise markets through cloud solutions and professional services, announced today that it has seen an influx of new purchase orders and long term contracts across its business segments. New business backlog is now at an all-time high of over $36 Million.

Acacia Research Reports First Quarter Financial Results and Announces Payment of Quarterly Dividend

NEWPORT BEACH, Calif.-- Acacia Research Corporation⁽¹⁾ (Nasdaq: ACTG) today reported results for the three months ended March 31, 2015.

• Revenues for the first quarter of 2015 were $34,210,000, as compared to $12,578,000 in the comparable prior year quarter.
• GAAP net loss for the first quarter of 2015 was $13,130,000, or $0.27 per diluted share, as compared to $24,421,000, or $0.51 per diluted share for the comparable prior year quarter.
• Non-GAAP net income for the first quarter of 2015 was $3,155,000, or $0.06 per diluted share, as compared to a Non-GAAP net loss of $5,184,000, or $0.11 per diluted share for the comparable prior year quarter. See below for information regarding non-GAAP measures.
• Cash and cash equivalents, restricted cash and investments totaled $165,555,000 as of March 31, 2015.

  Published: 24 April 2015

  Written by Editor

  Nasdaq   Financial Results   Up on News  

  Read more: Acacia Research ( ACTG )

Sysorex Awarded CIO-CS Contract

Big data and IT infrastructure firm’s Lilien division among those selected as a NITAAC Prime Contract Holder

PALO ALTO, Calif. -- Big data software solutions and infrastructure provider Sysorex (SYRX) today announced that its Lilien Systems division has been selected as one of the 65 Prime Contract Holders under the Chief Information Officer – Commodities and Solutions (CIO-CS) contract by National Institutes of Health Information Technology Acquisition and Assessment Center (NITAAC).

CIO-CS, a multiple-award Government-Wide Acquisition Contract (GWAC), is a 10 year Indefinite Delivery/Indefinite Quantity (IDIQ) contract with a maximum value of $20 billion with a one 60-month base period from May 1, 2015 to April 30, 2020; and one 60-month option period from May 1, 2020 to April 30, 2025. As a CIO-CS Prime Contract Holder, Lilien is among a handful of companies allowed to fulfill task orders from federal, civilian or DoD agencies seeking to acquire IT commodities and solutions.

Procera Networks to Be Acquired by Francisco Partners

Company Announces Preliminary First Quarter Results

FREMONT, Calif. and SAN FRANCISCO, April 22, 2015  -- Procera Networks, Inc. (PKT), the global Subscriber Experience company, announced today that it has signed a definitive agreement to be acquired by private funds managed by Francisco Partners Management, L.P., a leading global technology-focused private equity firm, in an all-cash transaction valued at approximately $240 million.

Under the terms of the definitive agreement, Francisco Partners will commence a tender offer no later than May 5, 2015 to acquire all outstanding shares of Procera's common stock for $11.50 per share in cash. This represents a premium of approximately 21% over the closing price of Procera's common stock on April 21, 2015, and a premium of approximately 32% over the unaffected closing price on January 22, 2015, the last day prior to an article reporting the potential sale of the company. Procera's Board of Directors has unanimously approved the transaction.