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

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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.

Data Storage (Nasdaq: DTST) ha annunciato che la sua sussidiaria, CloudFirst, ha firmato un nuovo accordo di hosting con un centro medico accademico di rilevanza nazionale tramite uno dei suoi partner per l'infrastruttura cloud. L'accordo prevede la fornitura di un servizio completamente gestito basato su IBM cloud per i server del centro medico, inclusi monitoraggio dei sistemi, protezione dei dati e recupero. Questa collaborazione sottolinea l'esperienza di DSC nel fornire soluzioni cloud sicure e personalizzate per le istituzioni sanitarie.

Hal Schwartz, Presidente di CloudFirst, ha enfatizzato che la loro soluzione consente al centro medico di concentrarsi sulla cura dei pazienti e sulla ricerca evitando al contempo i costi e la complessità di gestione dell'hardware. Chuck Piluso, CEO di Data Storage, ha dichiarato che questa partnership riflette il loro impegno nel fornire soluzioni cloud sicure, flessibili e personalizzate per l'industria sanitaria.

Data Storage (Nasdaq: DTST) anunció que su subsidiaria, CloudFirst, ha firmado un nuevo acuerdo de hosting con un centro médico académico de clasificación nacional a través de uno de sus socios de infraestructura en la nube. El acuerdo implica proporcionar un servicio completamente gestionado basado en la nube de IBM para los servidores del centro médico, incluyendo monitoreo del sistema, protección de datos y recuperación. Esta colaboración destaca la experiencia de DSC en ofrecer soluciones en la nube seguras y personalizadas para instituciones de salud.

Hal Schwartz, Presidente de CloudFirst, enfatizó que su solución permite al centro médico concentrarse en la atención al paciente y en la investigación, evitando el costo y la complejidad de gestionar hardware. Chuck Piluso, CEO de Data Storage, declaró que esta asociación refleja su compromiso de ofrecer soluciones en la nube seguras, flexibles y personalizadas para la industria de la salud.

Data Storage (Nasdaq: DTST)는 그 자회사인 CloudFirst가 국립 등급의 학술 의료 센터와 하나의 클라우드 인프라 파트너를 통해 새로운 호스팅 계약을 체결했다고 발표했습니다. 이 계약은 의료 센터 서버에 대한 완전 관리형 IBM 클라우드 기반 서비스를 제공하며, 시스템 모니터링, 데이터 보호 및 복구를 포함합니다. 이번 협업은 의료 기관을 위한 안전하고 맞춤형 클라우드 솔루션을 제공하는 DSC의 전문성을 강조합니다.

CloudFirst의 사장 Hal Schwartz는 그들의 솔루션이 의료 센터가 환자 치료와 연구에 집중할 수 있게 해주며 하드웨어 관리의 비용과 복잡성을 피할 수 있다고 강조했습니다. Data Storage의 CEO Chuck Piluso는 이 파트너십이 의료 산업을 위한 안전하고 유연하며 맞춤형 클라우드 솔루션을 제공하겠다는 그들의 헌신을 반영한다고 말했습니다.

Data Storage (Nasdaq: DTST) a annoncé que sa filiale, CloudFirst, a signé un nouveau contrat d'hébergement avec un centre médical académique de rang national par l'intermédiaire de l'un de ses partenaires en infrastructure cloud. Cet accord prévoit la fourniture d'un service entièrement géré basé sur le cloud IBM pour les serveurs du centre médical, y compris la surveillance des systèmes, la protection des données et la récupération. Cette collaboration met en avant le savoir-faire de DSC dans la fourniture de solutions cloud sécurisées et personnalisées pour les institutions de santé.

Hal Schwartz, Président de CloudFirst, a souligné que leur solution permet au centre médical de se concentrer sur les soins aux patients et la recherche tout en évitant les coûts et la complexité de la gestion du matériel. Chuck Piluso, PDG de Data Storage, a déclaré que ce partenariat reflète leur engagement à fournir des solutions cloud sécurisées, flexibles et sur mesure pour l'industrie de la santé.

Data Storage (Nasdaq: DTST) gab bekannt, dass ihre Tochtergesellschaft CloudFirst eine neue Hosting-Vereinbarung mit einem national anerkannten akademischen medizinischen Zentrum über einen ihrer Cloud-Infrastrukturpartner unterzeichnet hat. Die Vereinbarung umfasst die Bereitstellung eines vollständig verwalteten IBM-Cloud-Dienstes für die Server des medizinischen Zentrums, einschließlich Systemüberwachung, Datenschutz und Wiederherstellung. Diese Zusammenarbeit hebt die Expertise von DSC hervor, sichere und maßgeschneiderte Cloud-Lösungen für Gesundheitsinstitutionen anzubieten.

Hal Schwartz, Präsident von CloudFirst, betonte, dass ihre Lösung es dem medizinischen Zentrum ermöglicht, sich auf die Patientenversorgung und Forschung zu konzentrieren, während die Kosten und die Komplexität der Hardwareverwaltung vermieden werden. Chuck Piluso, CEO von Data Storage, erklärte, dass diese Partnerschaft ihr Engagement widerspiegelt, sichere, flexible und maßgeschneiderte Cloud-Lösungen für die Gesundheitsbranche anzubieten.

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.

Insights

This agreement marks a strategic move for Data Storage into the lucrative healthcare sector. The collaboration with a nationally ranked academic medical center could serve as a significant reference client, potentially opening doors to more healthcare institutions. However, the financial impact remains unclear without specific contract details.

The healthcare cloud computing market is projected to grow at a 16.7% CAGR, reaching $76.8 billion by 2026. DSC's entry into this high-growth sector could position them for future expansion. While this single contract may not immediately impact the bottom line, it represents a valuable foothold in a promising market segment.

DSC's offering of a fully managed IBM cloud-based service addresses a critical need in healthcare IT. Many medical institutions struggle with legacy IBM systems and this solution provides a path to modernization without disrupting operations. The inclusion of ongoing system monitoring and data protection is crucial, given the sensitive nature of medical data and strict regulatory requirements like HIPAA.

The emphasis on a secure, encrypted service is particularly noteworthy. As healthcare remains a prime target for cyberattacks, robust security measures are essential. This solution allows the medical center to leverage cloud benefits while maintaining stringent data protection standards, potentially setting a benchmark for similar institutions facing comparable challenges.

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.

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