NewCloud Networks Announced as a Finalist for the Colorado Companies to Watch Class of 2014
Denver, CO (PRWEB) April 21, 2014 -- NewCloud Networks, a Colorado-based Cloud Computing and Communications company has been selected as a finalist for the Colorado Companies to Watch Class of 2014. “We are excited to be one among the 106 finalists of 1,200 applicants,” says Sam V. Kumar, President of NewCloud Networks. Colorado Companies to Watch is a 5 year-old program, developed by the Lowe Foundation to “honor second-stage companies that are developing valuable products and services, creating quality jobs, enriching communities, and creating new industries throughout the state.”(http://www.coloradocompaniestowatch.org).
Finalists for the award were honored in a reception at the Governor’s Mansion in Denver on April 2, 2014 where all 106 companies were announced. Winners will be chosen based on previous and projected revenue growth, innovation within their industry, and the addition of quality jobs in Colorado. In the 5 years of the Companies to Watch program, winning companies have generated $5.3 billion in revenue and added 5,001 employees, benefitting the Colorado economy and job market.
NewCloud Networks has been in business for over 25 years. The company started as a traditional telecommunications company until re-engineering themselves as a Cloud Computing company in 2011, specializing in hybrid cloud solutions and backup and disaster recovery for medium – sized businesses to small enterprises. Kumar states, “Over the past 25 years, the technology industry has greatly changed and in order to stay in business, we have had to stay ahead of the curve when it comes to industry transformation… Because of Cloud Computing, we have expanded our business to 28 states in the last 18 months.”
According to Kumar, “This is the highest honor since being named a finalist for the Ernst and Young Entrepreneur of the year award a few years ago. We definitely hope to be selected as a winner, but being a finalist has been reason enough to celebrate.”
The selection of the CoCTW Class of 2014 will be announced on June 20, 2014 at a Gala Event which will be attended by the program sponsors including UMB Bank (Presenting Sponsor), Capital Value Advisors (Platinum Sponsor), TalentTrust (Platinum Sponsor), Perkins Coie Law Firm (Platinum Sponsor), and many others.
Angela Chavez, NewCloud Networks, http://www.newcloudnetworks.com, +1 (303) 576-5639, [email protected]
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