STOCK TITAN

Data Storage Corporation’s Subsidiary CloudFirst Announces Global Expansion Strategy

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Positive)
Tags

Data Storage 's subsidiary CloudFirst announced its strategic global expansion plan, focusing on the UK and European markets where demand for IBM Power systems cloud services is rising. The company plans to establish partnerships with data centers, cloud service providers, MSPs, and software vendors to create a collaborative network enhancing cloud offerings for enterprises running IBM Power-based applications. CloudFirst, known in North America for specialized IBM Power systems cloud services, aims to replicate its success internationally through carefully selected partnerships that ensure high-quality support and seamless integration of business-critical applications globally.

La sussidiaria di Data Storage, CloudFirst, ha annunciato il suo piano di espansione globale strategica, concentrandosi sui mercati del Regno Unito e dell'Europa, dove la domanda per i servizi cloud dei sistemi IBM Power è in crescita. L'azienda prevede di stabilire partnership con centri dati, fornitori di servizi cloud, MSP e fornitori di software per creare una rete collaborativa che migliori l'offerta di cloud per le imprese che utilizzano applicazioni basate su IBM Power. CloudFirst, conosciuta in Nord America per i suoi servizi cloud specializzati sui sistemi IBM Power, mira a replicare il suo successo a livello internazionale attraverso partnership accuratamente selezionate che garantiscano supporto di alta qualità e integrazione senza soluzione di continuità delle applicazioni aziendali critiche a livello globale.

La subsidiaria de Data Storage, CloudFirst, anunció su plan estratégico de expansión global, enfocándose en los mercados del Reino Unido y Europa, donde la demanda de servicios en la nube de sistemas IBM Power está aumentando. La empresa planea establecer asociaciones con centros de datos, proveedores de servicios en la nube, MSP y proveedores de software para crear una red colaborativa que mejore la oferta en la nube para empresas que utilizan aplicaciones basadas en IBM Power. CloudFirst, conocida en América del Norte por sus servicios en la nube especializados en sistemas IBM Power, tiene como objetivo replicar su éxito a nivel internacional mediante asociaciones cuidadosamente seleccionadas que aseguren soporte de alta calidad e integración sin problemas de aplicaciones críticas para el negocio a nivel mundial.

Data Storage의 자회사 CloudFirst는 영국 및 유럽 시장에 초점을 맞춘 전략적인 글로벌 확장 계획을 발표했습니다. IBM Power 시스템 클라우드 서비스에 대한 수요가 증가하고 있는 곳입니다. 이 회사는 IBM Power 기반 애플리케이션을 운영하는 기업을 위한 클라우드 서비스 개선을 위해 데이터 센터, 클라우드 서비스 제공업체, MSP 및 소프트웨어 공급업체와 협력 관계를 구축할 계획입니다. CloudFirst는 북미에서 IBM Power 시스템 클라우드 서비스에 특화된 업체로 알려져 있으며, 비즈니스 핵심 애플리케이션의 높은 품질 지원과 원활한 통합을 보장하는 신중하게 선택된 파트너십을 통해 국제적으로 성공을 복제하는 것을 목표로 하고 있습니다.

La filiale de Data Storage, CloudFirst, a annoncé son plan d'expansion stratégique à l'échelle mondiale, en se concentrant sur les marchés du Royaume-Uni et de l'Europe, où la demande pour les services cloud des systèmes IBM Power augmente. L'entreprise prévoit d'établir des partenariats avec des centres de données, des fournisseurs de services cloud, des MSP et des fournisseurs de logiciels pour créer un réseau collaboratif améliorant les offres cloud pour les entreprises utilisant des applications basées sur IBM Power. CloudFirst, reconnue en Amérique du Nord pour ses services cloud spécialisés, vise à répliquer son succès à l'international grâce à des partenariats soigneusement sélectionnés qui garantissent un soutien de haute qualité et une intégration fluide des applications critiques pour les entreprises à l'échelle mondiale.

Die Tochtergesellschaft von Data Storage, CloudFirst, hat ihren strategischen globalen Expansionsplan angekündigt, der sich auf die Märkte im Vereinigten Königreich und in Europa konzentriert, wo die Nachfrage nach Cloud-Diensten für IBM Power-Systeme steigt. Das Unternehmen plant, Partnerschaften mit Rechenzentren, Cloud-Service-Anbietern, MSPs und Software-Anbietern aufzubauen, um ein kooperatives Netzwerk zu schaffen, das die Cloud-Angebote für Unternehmen, die IBM Power-basierte Anwendungen betreiben, verbessert. CloudFirst, in Nordamerika bekannt für spezialisierte Cloud-Dienste für IBM Power-Systeme, zielt darauf ab, seinen Erfolg international durch sorgfältig ausgewählte Partnerschaften zu replizieren, die hochwertigen Support und nahtlose Integration von geschäftskritischen Anwendungen weltweit gewährleisten.

Positive
  • Strategic expansion into UK and European markets indicates business growth
  • Rising market demand for IBM Power systems cloud services
  • Established strong reputation in North America market
Negative
  • None.

Insights

The global expansion strategy into UK and European markets represents a calculated move to capitalize on growing demand for specialized IBM Power systems cloud services. While the expansion holds potential, several critical factors warrant consideration:

  • The IBM Power systems market is relatively niche but stable, with high barriers to entry and loyal enterprise customers
  • Partnership-based expansion model reduces capital requirements and risks compared to direct infrastructure investment
  • European cloud services market is mature and competitive, requiring strong differentiation
  • Success hinges on executing partner relationships and maintaining service quality across regions
The strategy aligns with market trends toward specialized cloud solutions, though meaningful revenue impact likely requires 12-24 months to materialize.

CloudFirst's focus on IBM Power systems positions them in a specialized but critical infrastructure niche. The platform remains essential for many enterprise workloads, particularly in finance and manufacturing sectors. Key technical advantages include:

  • Specialized expertise in IBMi and AIX environments that few cloud providers support effectively
  • Infrastructure designed for high-reliability workloads with strict uptime requirements
  • Integration capabilities with modern cloud services while maintaining legacy system compatibility
The partnership approach enables rapid scaling of technical capabilities across regions while leveraging local infrastructure and expertise.

Positioning Itself as a Global Leader in IBM Power System Services

MELVILLE, N.Y., Nov. 15, 2024 (GLOBE NEWSWIRE) -- 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 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 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 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. 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, LLC
212-671-1020
DTST@crescendo-ir.com


FAQ

What is Data Storage 's (DTST) global expansion strategy?

Data Storage 's subsidiary CloudFirst is expanding into UK and European markets through partnerships with data centers, cloud service providers, MSPs, and software vendors to enhance cloud offerings for IBM Power systems.

Which markets is Data Storage (DTST) targeting for expansion?

DTST is targeting the UK and European markets where there is increasing demand for cloud services supporting mission-critical workloads on IBM Power systems.

How will Data Storage (DTST) implement its international expansion?

DTST will implement expansion through strategic partnerships with data centers, cloud service providers, MSPs, and software vendors that use IBM Power systems, creating a collaborative network for enhanced cloud offerings.

Data Storage Corporation

NASDAQ:DTST

DTST Rankings

DTST Latest News

DTST Stock Data

28.68M
7.00M
41.48%
11.62%
4.99%
Information Technology Services
Services-computer Processing & Data Preparation
Link
United States of America
MELVILLE