Data Storage Corporation’s Subsidiary CloudFirst Announces Global Expansion Strategy
15 November 2024 - 10:00AM
Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”),
a premier provider of diverse business continuity solutions for
disaster-recovery, cloud infrastructure, cyber-security, and IT
automation, for IBM Power systems including IBMi and AIX, today
announced its strategic global expansion plan of its CloudFirst
operations. This global expansion strategy comes as demand rises in
the UK and European markets for robust, reliable cloud services
that support mission-critical workloads on IBM Power systems.
CloudFirst has built a strong reputation in
North America as a premier provider of cloud services tailored to
IBM Power systems, supporting businesses with specialized needs for
this critical infrastructure. With the current increase in demand
for robust cloud solutions built around IBM Power Systems,
CloudFirst aims to replicate its success in new regions by
establishing a powerful network of synergistic partnerships. The
Company’s expansion strategy involves forging relationships with
data centers, cloud service providers, managed service providers
(MSPs), and software vendors that rely on IBM Power systems. This
approach allows CloudFirst to create a collaborative network that
enhances cloud offerings for enterprises running IBM Power-based
applications.
The company’s approach emphasizes mutual success
through carefully selected partnerships. CloudFirst aims to provide
its partners and clients with high-quality support and services,
ensuring that organizations relying on IBM Power-based applications
benefit from an enhanced cloud experience. This will enable the
seamless integration and efficient operation of their
business-critical applications on a global scale.
“Our growth plan is rooted in our dedication to
meeting the unique requirements of organizations that depend on IBM
Power systems and forming key partnerships that allow us to deliver
our solutions within an established network of reliable,
high-quality infrastructure,” said Hal Schwartz, President of
CloudFirst. “The high forecasted demand across the UK and Europe
presents a significant opportunity for us to extend our cloud
services and support to new markets. By collaborating with cloud
service providers and trusted partners in the region, we’re
well-positioned to deliver unmatched value to businesses.”
“Our strategy is about more than just expansion;
it’s about establishing lasting relationships that drive mutual
growth. The cloud ecosystem is constantly evolving, and our focus
on creating a collaborative network of partners, from MSPs to
specialized software vendors, allows us to address the specific
needs of enterprises and maximize our collective potential. We’re
committed to bringing our proven expertise in IBM Power systems to
new territories where the demand for specialized, reliable cloud
solutions continues to grow,” added Chuck Piluso, CEO of Data
Storage Corporation.
About Data Storage
CorporationData 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 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.
Additional information about the Company is
available at: www.dtst.com and on
X @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. 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 create a more stable revenue foundation; the Company’s ability
to enhance its cloud infrastructure and cybersecurity; the
Company’s ability to demonstrate adaptability to meet
data-intensive needs across diverse industries; the Company’s
ability to meet its clients’ needs with reliability and capacity;
and the Company’s ability to make strategic investments in order to
pursue growth opportunities that will deliver long-term value for
its shareholders. 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 for the year
ended December 31, 2023, 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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