InterCloud Systems Inc. completed its acquisition of VaultLogix LLC in a deal that included $16 million in cash, $12.75 million in restricted common stock and $15.5 million in three-year convertible seller notes.

InterCloud, based in Shrewsbury, N.J., is a provider of IT solutions, including consulting and staffing. VaultLogix provides cloud backup and data protection services; it generated $12 million in revenue over the last 12 months.

“VaultLogix will immediately strengthen InterCloud’s competitive position within the cloud services market,” said CEO Mark Munro. “In addition to new products, VaultLogix also brings us direct and indirect sales teams focused in the SMB and middle-markets that complement our enterprise and service provider business segments.”