Guiding Vancouver-based Universal mCloud Corp. as CEO, Russ McMeekin has undertaken a complex task of leading a technology firm that encompasses acquisition-based and organic growth. Recently appearing on a program for the multimedia news organization Proactive Investors, Russ McMeekin described solid results for the second quarter of 2018 that included a 26 percent revenue increase.
Nine months since the merger of three businesses into Universal mCloud, Mr. McMeekin pointed to the company’s success, through acquisition, in expanding technological diversity, while easing operational dependency on a single US geographical location. His firm has also broadened its footprint in Canada and has found receptivity to the idea of partnerships in China.
One aspect of growth related to the firm’s Asset-Circle-of-Care™ platform has been a move to replicate an existing flagship relationship with Bank of America in the United States, with a major Canadian bank. Other areas of expansion include providing services to a major Chinese wind energy company with operations in Canada, and to one of North America’s most prominent coffee retailers and distributors. Mr. McMeekin attributed another driver of growth to Universal mCloud’s opportunistic purchase of NGRAIN Corporation, which inhabits a strong niche in the expanding AI and 3-D/augmented reality technology spheres.
