Data Storage Corporation Secures Six-Figure Contract with One of the World’s Largest Educational Music Publishers
September 09 2024 - 8:00AM
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 it has secured a six-figure
contract with one of the world’s largest educational music
publishers, which further solidifies the Company’s reputation as a
trusted provider of specialized cloud hosting services.
The client faced two urgent requirements: the
need to upgrade their hosting capabilities and relocate due to the
planned closure of their existing data center. To address these
issues, the client sought a provider with proven expertise in
migrating on-premises servers to a cloud environment and deep
knowledge of IBMi cloud hosting. CloudFirst, a subsidiary of Data
Storage Corporation, emerged as the ideal solution, offering a
seamless, secure, and scalable cloud platform designed to enhance
performance and meet the client's technical requirements.
"We are pleased to secure this contract with a
leading music publisher and support their digital transformation,"
said Hal Schwartz, President of CloudFirst. “This contract
underscores our commitment to delivering innovative and secure
cloud solutions that empower businesses to achieve their
operational goals."
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
Data Storage (NASDAQ:DTST)
Historical Stock Chart
From Oct 2024 to Nov 2024
Data Storage (NASDAQ:DTST)
Historical Stock Chart
From Nov 2023 to Nov 2024