Data Storage Corporation Secures Expanded Contract Servicing a Billion Dollar Insurance Company
2024年9月25日 - 9:30PM
Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”),
a provider of diverse business continuity solutions for
disaster-recovery, cloud infrastructure, cyber-security, and IT
automation, today announced that its subsidiary, CloudFirst, has
secured an expanded agreement through its infrastructure partner,
servicing a billion-dollar insurance company.
The client is currently utilizing the Company’s
security services for their IBMi system and has now opted to
enhance their disaster recovery capabilities by moving to a fully
managed hosted target system. Through this agreement, Data Storage
Corporation will provide a fully managed hosting solution that
includes cloud backup, backup management, and replication
management ensuring seamless and reliable data continuity.
Hal Schwartz, President of CloudFirst, stated,
“Having served as a reliable and trusted partner for this client’s
sensitive data, we’re honored to now expand the scope of our
services within this large organization. This hosted
solution enables the client to avoid the cost of acquiring new
hardware while benefiting from our fully managed services, which
ensure the client’s systems are continuously monitored, backed up,
and supported for maximum uptime and security. This agreement
exemplifies our ongoing commitment to providing reliable and
scalable IT solutions that meet the unique needs of our
clients.”
Chuck Piluso, CEO of Data Storage Corporation,
commented, “This new contract demonstrates how closely we work with
our infrastructure partners to create seamless solutions for
clients. Our partners, that specialize in Intel and Windows
platforms, turn to us for our expertise and to utilize our IBM
Power Cloud. By collaborating, we’re able to deliver a unique,
fully managed cloud solution that benefits all parties.”
About Data Storage
Corporation
Data Storage Corporation (Nasdaq: DTST) is a
leading provider of fully managed cloud hosting, disaster recovery,
cybersecurity, IT automation, and voice & data solutions. With
strategic technical investments in multiple regions, DTST serves a
diverse clientele, including Fortune 500 companies, in sectors such
as government, education, and healthcare. Focused on the
fast-growing, multi-billion-dollar cloud hosting and business
continuity market. DTST is recognized as a stable and emerging
growth leader in cloud infrastructure, support and the migration of
data to the cloud. Our regional data centers across North America
enable us to deliver sustainable services through recurring
subscription agreements.
For more information, please
visit www.dtst.com or follow us on Twitter
@DataStorageCorp.
Safe Harbor ProvisionThis press
release contains “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995, as amended,
that are intended to be covered by the safe harbor created thereby.
Forward-looking statements are subject to risks and uncertainties
that could cause actual results, performance or achievements to
differ materially from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Statements preceded by, followed by or that otherwise
include the words “believes,” “expects,” “anticipates,” “intends,”
“projects,” “estimates,” “plans” and similar expressions or future
or conditional verbs such as “will,” “should,” “would,” “may” and
“could” are generally forward-looking in nature and not historical
facts, although not all forward-looking statements include the
foregoing. The forward looking statements in this press release
include statements such as continuing to grow revenue and increase
profitability as the Company executes on its strategic initiatives,
the consolidation of the CloudFirst and Flagship subsidiaries
positioning the Company to optimize operations, leverage its
technical teams, realize greater efficiencies, and improve internal
resource allocation, while capitalizing on extensive cross-selling
and upselling opportunities among its customer networks, the two
meaningful announced contracts being just the first of many such
announcements that will come from the efforts of the combined
organizations, having developed a robust business strategy that we
will drive growth and secure sustainable profitability while
maximizing long term value for shareholders and providing
meaningful updates to shareholders as developments unfold. Although
the Company believes that the expectations reflected in such
forward-looking statements are reasonable, it can provide no
assurance that such expectations will prove to have been correct.
These forward-looking statements are based on management’s
expectations and assumptions as of the date of this press release
and are subject to a number of risks and uncertainties, many of
which are difficult to predict that could cause actual results to
differ materially from current expectations and assumptions from
those set forth or implied by any forward-looking statements.
Important factors that could cause actual results to differ
materially from current expectations include the Company’s ability
to execute and advance its growth strategies. These risks should
not be construed as exhaustive and should be read together with the
other cautionary statements included in the Company’s Annual Report
on Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K filed with the Securities and Exchange
Commission. Any forward-looking statement speaks only as of the
date on which it was initially made. Except as required by law, the
Company assumes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, changed circumstances or otherwise.
Contact:Crescendo
Communications, LLC212-671-1020DTST@crescendo-ir.com
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