Verecloud Names Partners in Its Cloud Services Aggregator Strategy

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Idea2, GigaSpaces and Comarch technology support Verecloud’s NIMBUS Marketplace platform

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These partners provide the technology solutions CSPs need as they become providers of advanced cloud-based services to small and medium-sized business customers.

Verecloud, which equips communications service providers (CSPs) with a cloud services aggregation platform enabling them to capture more of the emerging cloud computing services market, today announced three strategic partnerships supporting NIMBUS Marketplace, its cloud services aggregator platform.

Verecloud is partnering with Idea2, which will provide a customer relationship management (CRM) SaaS application for small and medium-sized businesses that access the NIMBUS Marketplace service catalog through their CSPs. In addition, Verecloud is partnering with in-memory middleware services provider GigaSpaces Technologies and BSS/OSS supplier Comarch, both of which are delivering technology supporting NIMBUS Marketplace.

NIMBUS Marketplace, Verecloud’s cloud services aggregation platform, will enable CSPs to integrate, aggregate and mediate cloud services offered to small and medium-sized businesses without the need for costly and time-consuming upgrades to legacy systems. NIMBUS Marketplace enables CSPs to integrate with cloud service suppliers and then sell product bundles consisting of cloud services and existing communications products.

“As we develop NIMBUS Marketplace, we are looking to partner with cloud service suppliers that are demanded by small- and medium-sized businesses. We also are focused on partnering with companies that bring best-in-class technology for supporting our cloud services aggregator platform,” said John McCawley, president and CEO, Verecloud. “These partners provide the technology solutions CSPs need as they become providers of advanced cloud-based services to small and medium-sized business customers.”

Verecloud’s NIMBUS Marketplace cloud aggregator platform for CSPs is in the development stage and is expected launch in the fourth quarter of 2010.

About Idea2
Idea2 (http://www.idea2.com), a provider of cloud-based CRM for growing businesses, will supply its software as a service (SaaS) CRM solution as part of the cloud service supplier catalog Verecloud is creating for NIMBUS Marketplace. Idea2’s applications provide a customized interface for customer care, management and workflow. The company’s CRM solutions can be tailored for specific vertical markets that are strategically important to small- and medium sized businesses utilizing the NIMBUS Marketplace catalog.

About GigaSpaces Technologies
GigaSpaces will provide a dynamically scalable application platform enabling high volume transaction processing of cloud services ordered through NIMBUS Marketplace. GigaSpaces’ transaction processing technology is the foundation of Verecloud’s cloud services aggregator platform, allowing a CSP to process a large number of transactions in a reliable and flexible manner as well as manage its transaction resources. GigaSpaces’ customers include Virgin Mobile, JDSU, Nortel and Tadiran Telecom as well as members of the Fortune Global 100.

About Comarch
Comarch will provide complete customer relationship management, multi tenant billing and service catalog management for the NIMBUS Marketplace platform. Comarch's COTS suite aims to manage the customer experience while maximizing ROI and optimizing business and operation processes. Comarch is a leading provider of BSS/OSS products and managed services for telecommunications, ranked as a top provider by Gartner and other market analysts, with 17 years of experience on the market. The company’s customers are spread out on four continents, and include global communication service providers such as Vodafone, T-Mobile International and Telefonica O2 as well as a number of cable, satellite and multi service operators. Learn more about Comarch at: http://www.comarch.com.

About Verecloud
Based in Englewood, Co., Verecloud is focused on enabling communications service providers (CSPs) to capture market share in the expanding and lucrative cloud computing market. Verecloud is preparing to launch a new product called NIMBUS Marketplace, which will enable CSPs to aggregate their current products along with innovative cloud services by using their legacy back office systems. By collaborating with Verecloud, CSPs can turn what was once a simple billing relationship into a deepened customer relationship. Verecloud’s service partners include Idea2 and the company’s technology partners include GigaSpaces Technologies and Comarch. Learn more about Verecloud at: 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 (http://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.

For more information, contact Michael Hopkins, VisiTech PR, at (303) 752-3552 ext. 230.

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Michael Hopkins
Verecloud
303-752-3552 ext. 230
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