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Kanepi’s footprint in the southern hemisphere is expected to bolster mCloud’s presence in a variety of process industries including upstream and midstream oil and gas, offshore Floating Production Storage and Offloading (FPSOs), Liquefied Natural Gas (LNG), and mining facilities. The acquisition of kanepi, which will be made through a newly incorporated subsidiary of mCloud, will supplement mCloud’s customer base and accelerate the expansion of AssetCare™ to new asset classes. ( MCLD.V) ( MCLDF) ('mCloud' or the 'Company'), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence ('AI') and analytics, today announced that it has signed a definitive agreement (the 'Acquisition Agreement') to acquire kanepi Group Pty Ltd ('kanepi'), an information, visualization, and analytics software technology company headquartered in Perth, Australia, with a development center in Singapore. VANCOUVER, British Columbia, J(GLOBE NEWSWIRE) - mCloud Technologies Corp. NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR ‎‎DISSEMINATION IN THE UNITED STATES

Acquisition will expand mCloud’s footprint in Australia, Southeast Asia, West Africa, and South America, and brings major oil and gas, FPSO, LNG, and mining customers to mCloud

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