Focus on data driven solutions leads to new clients and increased acquisition opportunities
SANTA BARBARA, CA – (September 5, 2017) – CloudCommerce, Inc. (CLWD) (the “Company”), a leading provider of data driven solutions, today commented that its recent acquisition of Parscale Creative, Inc. and Brad Parscale’s appointment to the Company’s board of directors have greatly strengthened and defined its opportunities for future success.
“Brad brings a wealth of knowledge and experience to CloudCommerce,” said Andrew Van Noy, the Company’s CEO. “His successful data analytics operations and digital marketing campaigns are credited with helping Donald J. Trump win the Presidential election. Very few people have accomplished so much in such a short period of time. We are fortunate to be able to call upon Brad to help guide CloudCommerce in becoming a significant player in the data analytics and digital marketing space. The opportunities in the commercial market segment dwarf the opportunities in the political market segment and Brad is the key to helping us penetrate this larger market.”
Under Mr. Parscale’s strategic leadership, CloudCommerce intends to recruit experts in data, machine learning and analytics and acquire companies with teams that are expert in data analytics and understanding how to fulfill sophisticated digital marketing campaigns.
Brad Parscale commented, “We have an opportunity to leverage the current opportunities at CloudCommerce and create something very special for our clients and shareholders. My goal is to continue providing strategic insight to see around corners – to see what’s next for CloudCommerce, as well as make introductions and help us acquire the right talent and companies that will make CloudCommerce even more successful.”
Van Noy continued, “Since our acquisition closed on August 1, Brad has been extremely active with our team in strategizing for the future and actively participating in meetings with potential acquisition targets. Through his relationships and reputation, Brad has opened doors to people and companies that could become key strategic partners in the future.”
In addition to the acquisition of Parscale Creative announced on August 1, CloudCommerce also entered into a definitive agreement to acquire a second company – Parscale Media, LLC (Parscale Media) – a managed hosting solutions provider also owned by Mr. Parscale. This acquisition, scheduled to close in January of 2018, will bring much needed expertise in the managed hosting industry, which will be essential in providing a full end-to-end digital service offering to its customers.
CloudCommerce, Inc. (CLWD) is a leading provider of data driven solutions. We help our clients acquire, engage, and retain their customers by finding actionable information hidden in critical sources of data. We focus intently on using quantitative and qualitative analysis to drive the creation of great user experiences and successful digital marketing strategies and campaigns. Whether it is creating omni-channel experiences, engaging a specific audience, or energizing voters in political campaigns, we believe data is the key to digital success. Our goal is to become the industry leader by always applying a “data first” strategy and acquiring other companies that share this vision.
To learn more about CloudCommerce, please visit www.cloudcommerce.com.
Matters discussed in this shareholder letter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.