IceWEB Plans Name Change to Ximbus

IceWEB, Inc. is planning to change its name to better reflect its new business model, and in anticipation of its upcoming acquisition of Computers and Tele-Comm, Inc.

Subject to shareholder approval, the new company name will be Ximbus, Inc., a contraction of the acronym XIM (Extended Information Management) and Nimbus, the Latin word for cloud or halo. Ximbus reflects the company’s combination of both traditional information management – storage, co-location, connection- along with its new assemblage of massively scalable additional services in the cloud.

"Ximbus means all things cloud," said Rob Howe, IceWEB CEO. "Our business has fundamentally changed, and we are now a full-fledged cloud services company, well beyond storage hardware and software. Ximbus, carries the full meaning of the new world in which our company now operates-technology and services in all forms of the cloud. As we combine the assets of Computers and Tele-Comm, Inc. with IceWEB the resulting business will be much greater than just the sum of the parts. Ximbus, Inc. will lead in the new market segment of Complete cloud Services with our array of offerings and our highly-skilled, experienced management team. Today companies in the Fortune 2000 must procure the cloud services they need from a collection of various vendors-we will provide those services as THE go-to company with complete cloud capabilities. From connectivity, to storage appliances, to BYOD, to all forms of datacenter services, Ximbus will simplify the supplier selection process for cloud services, as well as the acquisition, management and billing processes for those services."

IceWEB announced the signing of an LOI to acquire Computers and Tele-Comm, Inc. of Kansas City on March 4, 2013. In that announcement, Howe said: "With this acquisition, we are also gaining the ability to expand the datacenter on-demand into an astounding one million or more square feet of highly secure, energy efficient, disaster-proof space in a purpose-built structure housed in an underground limestone cavern. These capabilities, security and expandability are success-critical in the cloud services arena, and now IceWEB has them."

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