Welcome to our dedicated page for Data Storage news (Ticker: DTSTW), a resource for investors and traders seeking the latest updates and insights on Data Storage stock.
Data Storage Corporation (DTST, warrants DTSTW) generates news that reflects its transformation from a cloud solutions provider into a company focused on technology-enabled services, telecommunications, and targeted technology investments. News coverage often highlights the company’s divestiture of its CloudFirst business, its ongoing operations through Nexxis, Inc., and its evolving strategy in areas such as AI-adjacent infrastructure, cybersecurity, and unified communications.
Investors following DTSTW news can expect updates on strategic transactions, including the completed sale of the CloudFirst business and related post-transaction developments. Articles also cover capital allocation decisions, such as the repurchase of warrants originally issued in July 2021 and the company’s intention to commence a tender offer to purchase a portion of its common stock using proceeds from the CloudFirst sale.
Another recurring theme in Data Storage Corporation’s news is its strategic planning and shareholder communication. The company has issued letters to shareholders outlining its 2026 corporate strategy, emphasizing a disciplined hybrid acquisition approach targeting technology-enabled service providers with recurring revenue and high margins. News releases describe interest in managed IT, cybersecurity monitoring, telecom and UCaaS platforms, compliance-as-a-service, document security and digitization, access control, healthcare BPO, and micro-SaaS+ services, along with selective investments in GPU Infrastructure-as-a-Service and AI-driven software applications.
Coverage also includes governance and advisory developments, such as the appointment of an advisory team with experience in enterprise technology, infrastructure, cloud and AI services, and capital markets to support the company’s post-tender offer strategy. In addition, investors may see announcements about earnings and business update conference calls, including scheduling, rescheduling, and the topics to be discussed, such as the CloudFirst sale and the company’s strategic outlook.
For those tracking DTSTW, the news flow provides context on how Data Storage Corporation is repositioning its business, deploying capital from asset sales, and pursuing its stated goal of building sustainable, recurring revenue streams in telecommunications, cybersecurity, and AI-related infrastructure and software.
Data Storage (Nasdaq: DTST), a multi-cloud hosting and managed services provider, has announced its participation in the upcoming iAccess Alpha Virtual Best Ideas Spring Investment Conference 2025. The event will take place on March 25-26, 2025.
CEO Chuck Piluso and CFO Chris Panagiotakos will present on March 25 at 10:00 a.m. ET, discussing the company's business strategy, growth trajectory, and market opportunities. The presentation will highlight DSC's expanding footprint in cloud hosting, IT modernization, and its strategic partnerships with AWS, Microsoft Azure, and Google Cloud.
Investors can access the live webcast through the provided link, with a replay available afterward. Management will also conduct one-on-one meetings with investors on March 26.
Data Storage (Nasdaq: DTST) announced that its CloudFirst subsidiary has completed a major on-premise infrastructure upgrade for a leading food distributor. The project involved migrating the customer to newer processors, delivering enhanced performance, reliability, and scalability.
The upgrade addressed the customer's challenges including system performance limitations, capacity constraints, and rising IT costs. CloudFirst's solution provides seamless integration with major cloud providers like AWS, Microsoft Azure, and Google Cloud, enabling improved multi-cloud optimization and workload management.
The implementation was particularly complex due to the customer's legacy OS and older processors, but CloudFirst executed the transition with minimal operational disruption while enhancing backup and disaster recovery capabilities.
Data Storage (DTST) announced that its subsidiary, CloudFirst Europe, has partnered with Pulsant, a leading UK edge infrastructure and data center provider. The strategic collaboration aims to expand CloudFirst's platform across Pulsant's UK facilities, enhancing its global presence. Currently, CloudFirst operates in six data centers across three countries, serving over 400 clients.
The partnership focuses on addressing specialized cloud-based hosting and disaster recovery needs for IBM customers. By combining Pulsant's local infrastructure and established client relationships with CloudFirst's IBM expertise, the collaboration aims to provide tailored solutions to customers across Europe and the UK, including American enterprises operating in the region.
Data Storage (Nasdaq: DTST) announced its subsidiary CloudFirst Europe has expanded its partnership with Megaport into the UK. This expansion allows CloudFirst to utilize Megaport's Network as a Service platform, 'Direct Connect', providing secure connectivity to major cloud providers like AWS.
The partnership involves deploying infrastructure within Megaport's data centers and leveraging global private connectivity solutions to enhance CloudFirst's IBMi Power Hosting and Infrastructure as a Service offerings. The 'Direct Connect' service ensures network traffic remains on the company's global network, avoiding public internet exposure and eliminating latency issues.
This collaboration enables cross-selling opportunities and provides clients with integrated network solutions connecting on-premises systems to leading cloud platforms, positioning CloudFirst as a key partner for enterprises modernizing their IT infrastructure.
Data Storage 's subsidiary CloudFirst Europe has formed a strategic partnership with Brightsolid, a Scottish data center provider. The collaboration aims to expand CloudFirst's presence in the UK market and enhance service delivery in Scotland. Brightsolid's Tier 3 data centers will host CloudFirst's IBM cloud solutions, combining CloudFirst's managed services with Brightsolid's regional expertise and client network. This partnership enables Brightsolid to offer expanded IBM cloud products to its existing client base while strengthening CloudFirst's market reach in Scotland and the UK.
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.
Data Storage (DTST) reported financial results for Q3 2024, achieving profitability for both three and nine-month periods. The company generated $5.8 million in Q3 sales and $19.0 million for the nine months ended September 30, 2024. Despite a slight revenue decline, gross profit increased by 8.7% with gross margin improving over 400 basis points to 43.2%. The company expanded partnerships, launched a new data center in Chicago, and established UK presence. DTST maintains a strong financial position with $11.9 million in cash and marketable securities with no long-term debt.
Data Storage 's subsidiary CloudFirst has secured a six-figure subscription-based contract with the Canadian division of a Japanese motorsports manufacturer. The agreement involves providing advanced data storage and cloud solutions to enhance the client's IT resilience and operational efficiency. The contract demonstrates DSC's capability to deliver secure, scalable IT solutions for critical data protection and operational continuity. The Company will provide cloud infrastructure and data protection solutions to support the manufacturer's operations.
Data Storage (Nasdaq: DTST) has appointed Colin Freeman as Managing Director of CloudFirst Europe to oversee the company's expansion into the European market, initially focusing on the United Kingdom. Freeman brings over 30 years of business leadership experience in strategic planning and sales execution. His previous roles include positions at Digital Realty, Verizon Enterprise Solutions, and Dun & Bradstreet, as well as founding Frequent Consulting The appointment aligns with CloudFirst's strategy to expand its cloud infrastructure and disaster-recovery solutions in the European market.
Data Storage (Nasdaq: DTST) has announced a conference call scheduled for November 14, 2024, at 11:00 a.m. Eastern Time. The call will discuss the company's third quarter 2024 financial results for the period ended September 30, 2024, along with corporate progress and developments.
Participants can join via telephone (toll-free 877-451-6152 for U.S. callers, +1-201-389-0879 for international) or webcast. A replay will be available through November 14, 2025, on the company's website, and by telephone until November 21, 2024.