Data Storage Corporation Announces New Cloud Hosting Agreement Servicing a Nationally Ranked Academic Medical Center

Rhea-AI Summary

Data Storage (Nasdaq: DTST) announced that its subsidiary, CloudFirst, has signed a new hosting agreement with a nationally ranked academic medical center through one of its cloud infrastructure partners. The agreement involves providing a fully managed IBM cloud-based service for the medical center's servers, including system monitoring, data protection, and recovery. This collaboration highlights DSC's expertise in delivering secure and tailored cloud solutions for healthcare institutions.

Hal Schwartz, President of CloudFirst, emphasized that their solution allows the medical center to focus on patient care and research while avoiding the cost and complexity of managing hardware. Chuck Piluso, CEO of Data Storage , stated that this partnership reflects their commitment to providing secure, flexible, and customized cloud solutions for the healthcare industry.

Positive

• Secured a new hosting agreement with a nationally ranked academic medical center
• Providing fully managed IBM cloud-based services, including system monitoring and data protection
• Potential for exploring additional services with the institution
• Opportunity for further penetration into the healthcare industry

Negative

• None.

MELVILLE, N.Y., Sept. 17, 2024 (GLOBE NEWSWIRE) -- 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 signed a new hosting agreement servicing a nationally ranked academic medical center, secured through one of its cloud infrastructure partners. This collaboration showcases the Company’s expertise in delivering secure and tailored cloud solutions to meet the critical needs of this healthcare institution.

The medical center required a hosting solution for their IBM servers. In collaboration with one of the company’s cloud infrastructure partners, CloudFirst was brought in to provide a fully managed IBM cloud-based service that includes ongoing system monitoring and data protection and recovery, ensuring a secure encrypted, service for the medical center's environment.

“We’re excited to collaborate with our partner and such a respected academic medical center,” commented Hal Schwartz, President of CloudFirst. “By offering a fully managed hosting solution, we allow the medical center to focus on patient care and research. With our cloud-based solution, the medical center avoids the cost and complexity of managing hardware while gaining a secure and stable cloud solution that supports their needs and allows for future growth.”

Chuck Piluso, CEO of Data Storage Corporation, stated, “This partnership reflects our commitment to providing secure, flexible, and customized cloud solutions for the healthcare industry. We look forward to exploring additional services with this institution and further penetrating the healthcare industry.”

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 Provision
This 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, LLC
212-671-1020
DTST@crescendo-ir.com

FAQ

What new agreement has Data Storage (DTST) announced?

Data Storage (DTST) announced that its subsidiary, CloudFirst, has signed a new hosting agreement with a nationally ranked academic medical center, secured through one of its cloud infrastructure partners.

What services will DTST provide to the academic medical center?

DTST will provide a fully managed IBM cloud-based service that includes ongoing system monitoring, data protection, and recovery, ensuring a secure encrypted service for the medical center's environment.

How does this agreement benefit the academic medical center partnering with DTST?

The agreement allows the medical center to focus on patient care and research while avoiding the cost and complexity of managing hardware. It also provides them with a secure and stable cloud solution that supports their needs and allows for future growth.

What are DTST's future plans in relation to this partnership?

DTST plans to explore additional services with this institution and further penetrate the healthcare industry, leveraging this partnership as a showcase of their expertise in delivering secure and tailored cloud solutions for healthcare institutions.