Data Storage Corporation Selected by Leading U.S. Insurance Company for Cloud Migration, Hosting and Managed Services
March 21 2024 - 8:30AM
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 services, today announced its CloudFirst
Solutions subsidiary has been selected by one of the largest United
States insurance companies to migrate their data center to the
cloud for one of the customer’s divisions. In addition to the cloud
migration, Data Storage Corporation will provide hosting and
managed services, including the implementation of a comprehensive
suite of advanced security solutions, ensuring the highest
standards of data protection and compliance.
After an extensive evaluation of various providers, the
insurance company selected CloudFirst Solutions for this important
project. The decision was influenced by the Company’s highly
reliable data circuits and its track record of providing data
management and cloud services to Fortune 500 and leading financial
services companies.
“We are honored to have been chosen by one of the largest
insurance providers for this critical cloud migration project, as
well as the opportunity to provide ongoing hosting and support
services that will offer a steady stream of high-margin, recurring
revenue,” said Chuck Piluso, CEO of Data Storage. “This
collaboration not only highlights our expertise in cloud services
and security but also marks the beginning of a promising
relationship. We are confident that our solutions will deliver
exceptional results and pave the way for expanding our partnership
across additional divisions and geographies in the future.”
Hal Schwartz, President of the Company’s CloudFirst Solutions
subsidiary, further noted, “This new contract serves as a testament
to our ability to meet the complex needs of leading enterprises and
our dedication to advancing technology that supports our clients'
growth and success. Our selection illustrates the value of our
offering, as well as the importance of robust security measures in
today’s increasingly digital and risk-prone business
environment.”
About Data Storage Corporation
Data Storage Corporation (Nasdaq: DTST) provides cloud
infrastructure, disaster-recovery, cyber security, managed
services, as well as voice & dedicated internet access. The
Company’s technical assets and personnel operate throughout the
United States and Canada providing support to a broad range of
domestic and global clients, including Fortune 500 companies,
across a wide range of industries, such as government, education,
and healthcare. The Company focuses on the rapidly growing,
multi-billion-dollar cloud infrastructure, cyber security and
business continuity marketplace. Data Storage is an established and
emerging growth leader in these markets. 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 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, 2022, 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
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