mCloud Technologies Corp.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Russel H. McMeekin
- Full Time Employees
- 216
- Sector
- Technology
- Industry
- Software - Application
- Address
- 550-510 Burrard Street Vancouver BC Canada V6C 3A8
- IPO Date
- Jun 4, 2018
- CIK
- 0001756499
- Website
- mcloudcorp.com
- Similar Companies
- Business
- mCloud Technologies Corp. mCloud Technologies Corp. (TSXV: MCLD.H) is a technology company that provides cloud-based asset management platform solutions combining Internet of Things (IoT), artificial intelligence (AI), and analytics to optimize the performance, reliability, and sustainability of energy-intensive assets worldwide, including in North America, Asia-Pacific, Europe, the Middle East, Africa, Australia, and China. Through its AI-powered AssetCare platform, the company offers comprehensive solutions such as Connected Buildings for automating and remotely managing commercial buildings; Connected Workers, a cloud software enabling field workers to connect with remote experts, facilitate repairs, and access an AI-powered digital assistant; Connected Energy for AI-driven inspection of wind turbine blades using computer vision, analytics to maximize wind farm energy production yield and availability, and energy management improving facility efficiency by up to 25%; Connected Industry for endpoint monitoring, equipment health, asset inventory management, and change management across distributed teams; Connected Health for remote health monitoring via mobile apps and wireless sensors; O&M Excellence enhancing asset OPEX efficiency by up to 40%; and Fugitive Emissions solutions reducing methane emissions by up to 70%, including hyperscale capabilities powered by Google Cloud and Google Earth Engine. Founded in 2017 and headquartered in Vancouver, British Columbia, Canada, with additional offices in San Francisco, Calgary, London, Perth, Singapore, and Beijing, mCloud Technologies Corp., formerly known as Universal mCloud Corp. until its name change in October 2019, maintains a strategic partnership with Google Cloud to deliver its solutions and focuses on expansion in key markets like Saudi Arabia. In recent developments as of May 2024, the company advances its strategic process through a special committee exploring alternatives such as asset sales or business separation to maximize shareholder value, implements a new corporate structure following the resignation of all independent directors and most officers except the CEO and Chief Growth Officer to address legacy liabilities and reduce costs, and cooperates with a court-appointed receiver over subsidiary NGRAIN (Canada) Corporation amid restructuring efforts initiated by secured lender ATB Financial in Q1 2024 while defending a lawsuit from Emissions Reduction Corp. regarding a disputed promissory note.
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