Data Storage Corporation Secures Six-Figure Contract with One of the World’s Largest Educational Music Publishers
Data Storage (Nasdaq: DTST) has secured a six-figure contract with one of the world's largest educational music publishers. The client needed to upgrade their hosting capabilities and relocate due to the planned closure of their existing data center. CloudFirst, a subsidiary of Data Storage , was chosen to provide a seamless, secure, and scalable cloud platform designed to enhance performance and meet the client's technical requirements.
The contract highlights DTST's expertise in migrating on-premises servers to a cloud environment and deep knowledge of IBMi cloud hosting. This agreement further solidifies the Company's reputation as a trusted provider of specialized cloud hosting services and demonstrates its commitment to delivering innovative cloud solutions for businesses.
Data Storage (Nasdaq: DTST) ha ottenuto un contratto a sei cifre con uno dei più grandi editori musicali educativi al mondo. Il cliente aveva bisogno di aggiornare le proprie capacità di hosting e di trasferirsi a causa della prevista chiusura del loro data center esistente. CloudFirst, una sussidiaria di Data Storage, è stata scelta per fornire una piattaforma cloud senza soluzione di continuità, sicura e scalabile, progettata per migliorare le prestazioni e soddisfare i requisiti tecnici del cliente.
Il contratto evidenzia l'esperienza di DTST nel migrare i server on-premises verso un ambiente cloud e la profonda conoscenza dell'hosting cloud IBMi. Questo accordo rafforza ulteriormente la reputazione dell'azienda come fornitore affidabile di servizi di hosting cloud specializzati e dimostra il suo impegno a fornire soluzioni cloud innovative per le imprese.
Data Storage (Nasdaq: DTST) ha conseguido un contrato de seis cifras con uno de los mayores editores musicales educativos del mundo. El cliente necesitaba actualizar sus capacidades de hosting y reubicarse debido al cierre planificado de su centro de datos existente. CloudFirst, una subsidiaria de Data Storage, fue elegida para proporcionar una plataforma de nube continua, segura y escalable diseñada para mejorar el rendimiento y satisfacer los requisitos técnicos del cliente.
El contrato destaca la experiencia de DTST en migrar servidores locales a un entorno de nube y su profundo conocimiento de hosting en la nube IBMi. Este acuerdo solidifica aún más la reputación de la Compañía como un proveedor confiable de servicios de hosting en la nube especializados y demuestra su compromiso de ofrecer soluciones en la nube innovadoras para las empresas.
Data Storage (Nasdaq: DTST)는 세계 최대의 교육 음악 출판사 중 하나와 6자리 계약을 체결했습니다. 고객은 기존 데이터 센터의 폐쇄로 인해 호스팅 능력을 업그레이드하고 이전할 필요가 있었습니다. 데이터 스토리지의 자회사인 CloudFirst가 성능을 향상하고 고객의 기술 요구 사항을 충족하기 위해 설계된 원활하고 안전하며 확장 가능한 클라우드 플랫폼을 제공하기 위해 선택되었습니다.
이 계약은 DTST의 온프레미스 서버를 클라우드 환경으로 마이그레이션하는 전문성과 IBMi 클라우드 호스팅에 대한 깊은 지식을 강조합니다. 이 계약은 전문 클라우드 호스팅 서비스의 신뢰할 수 있는 제공자로서 회사의 명성을 더욱 확고히 하며 기업을 위한 혁신적인 클라우드 솔루션을 제공하려는 회사의 의지를 보여줍니다.
Data Storage (Nasdaq: DTST) a sécurisé un contrat à six chiffres avec l'un des plus grands éditeurs de musique éducative au monde. Le client avait besoin de mettre à niveau ses capacités d'hébergement et de déménager en raison de la fermeture prévue de son centre de données existant. CloudFirst, une filiale de Data Storage, a été choisie pour fournir une plateforme cloud fluide, sécurisée et évolutive, conçue pour améliorer les performances et répondre aux exigences techniques du client.
Le contrat met en évidence l'expertise de DTST dans la migration de serveurs sur site vers un environnement cloud ainsi que sa profonde connaissance de l'hébergement cloud IBMi. Cet accord renforce encore la réputation de l'entreprise en tant que fournisseur de services d'hébergement cloud spécialisés de confiance et démontre son engagement à offrir des solutions cloud innovantes pour les entreprises.
Data Storage (Nasdaq: DTST) hat einen Vertrag im sechsstelligen Bereich mit einem der größten Bildungs-Musikverlage der Welt gesichert. Der Kunde benötigte eine Aufrüstung seiner Hostingfähigkeiten und eine Verlagerung aufgrund der geplanten Schließung seines bestehenden Rechenzentrums. CloudFirst, eine Tochtergesellschaft von Data Storage, wurde ausgewählt, um eine nahtlose, sichere und skalierbare Cloud-Plattform bereitzustellen, die entwickelt wurde, um die Leistung zu verbessern und die technischen Anforderungen des Kunden zu erfüllen.
Der Vertrag unterstreicht die Expertise von DTST bei der Migration von On-Premises-Servern in eine Cloud-Umgebung sowie das umfassende Wissen über IBMi-Cloud-Hosting. Diese Vereinbarung festigt weiter den Ruf des Unternehmens als vertrauenswürdiger Anbieter von spezialisierten Cloud-Hosting-Diensten und zeigt sein Engagement für die Bereitstellung innovativer Cloud-Lösungen für Unternehmen.
- Secured a six-figure contract with a major educational music publisher
- Demonstrates expertise in migrating on-premises servers to cloud environments
- Showcases deep knowledge of IBMi cloud hosting
- Strengthens reputation as a trusted provider of specialized cloud hosting services
- None.
Insights
The six-figure contract with a major educational music publisher is a positive development for Data Storage (DTST). While the exact contract value isn't disclosed, it likely represents a significant boost to the company's revenue stream. This deal showcases DTST's ability to secure high-profile clients in specialized sectors, potentially opening doors for similar contracts in the future.
The contract highlights DTST's competitive edge in providing specialized cloud hosting services, particularly for IBMi environments. This niche expertise could be a key differentiator in the crowded cloud services market. For investors, this demonstrates the company's capacity for growth and its potential to capture market share in specific, high-value segments of the cloud industry.
However, investors should note that while promising, a single contract doesn't guarantee long-term financial stability. It will be important to monitor DTST's ability to consistently secure and retain such clients to assess the company's long-term growth prospects.
DTST's subsidiary CloudFirst has demonstrated its technical prowess by meeting the complex requirements of a major client. The ability to handle migration from on-premises servers to a cloud environment, especially for IBMi systems, is a specialized skill that sets the company apart in the cloud services market.
The emphasis on a seamless, secure and scalable cloud platform aligns with current industry trends and client demands. This successful implementation could serve as a valuable case study for attracting similar clients facing data center relocations or seeking to upgrade their hosting capabilities.
From a technological standpoint, this contract validates DTST's investment in cloud infrastructure and expertise in handling complex migrations. It positions the company well in the growing market for specialized cloud services, particularly for businesses with legacy systems needing modernization.
MELVILLE, N.Y., Sept. 09, 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 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 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
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