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Data Storage Corporation reports operating updates for a Nasdaq-listed technology services company whose continuing business is centered on Nexxis Inc., which provides VoIP/unified communications and dedicated internet connectivity. News releases recurring cover financial results, business update calls, and corporate progress following the completed CloudFirst divestiture and a completed issuer tender offer.
Company updates also address capital allocation, strategic advisory appointments, executive compensation with equity awards, warrant matters, and a strategy focused on recurring-revenue technology services, including cybersecurity, AI-enabled software, GPU infrastructure, and telecommunications offerings.
Data Storage Corporation (OTCQB: DTST) has announced a merger with Flagship Solutions Group, consolidating its position in the cloud services sector. This strategic move aims to create a comprehensive, one-stop multicloud IT solutions provider, leveraging the strengths of both companies. Mark Wyllie will lead the new Flagship subsidiary post-merger. The merger is expected to enhance operational efficiency and offer extensive cross-selling opportunities in various industries. With the cloud services market projected to reach $502 billion by 2023, this merger positions DTST to capture significant market share.
Data Storage Corporation (OTCQB: DTST) has announced a technology alliance with VACAVA to enhance its cloud solutions. VACAVA's RapidBIZ platform allows for no-code application development and deployment, streamlining IT processes. This partnership aims to boost efficiency for DSC's cloud customers by enabling faster application development—up to 80% quicker—improving service delivery within weeks. Both companies foresee this collaboration as a significant value-add for clients, emphasizing productivity and cost-effectiveness in addressing business challenges.