Data Storage Corporation Expands Managed Services for Clients
Data Storage Corporation (NASDAQ: DTST), a significant player in the business continuity solutions field, recently made waves with its latest contract announcement. The company’s subsidiary, CloudFirst, has secured an expanded agreement with a major client—a billion-dollar insurance company. This contract represents a forward-looking move for Data Storage Corporation, as it aims to enhance its range of service offerings.
Details of the New Contract
This recent deal empowers the insurance company to markedly improve its disaster recovery capabilities. Previously, they utilized the Company's security solutions for their IBMi system. Now, they’re shifting to a fully managed hosted target system, which highlights their commitment to bolstering data security and reliability.
Improved Data Management Services
Through this new agreement, Data Storage Corporation will provide a thorough hosting solution that includes not just cloud backup but also backup management and replication management. This initiative is designed to ensure that the client experiences smooth and reliable data continuity.
Insights from Leadership
Hal Schwartz, President of CloudFirst, shared his pride in their role as a trusted partner for this client's sensitive data. He pointed out that the transition to a hosted solution allows the client to sidestep new hardware expenses. Additionally, they benefit from Data Storage Corporation’s fully managed services, which focus on rigorous monitoring and support to achieve maximum uptime and security.
CEO's Perspective on Strategic Partnerships
Chuck Piluso, CEO of Data Storage Corporation, stressed the importance of collaborating with infrastructure partners. He noted how these partnerships enhance their ability to provide integrated solutions that cater to various client needs. Their collaboration with specialists in Intel and Windows platforms helps to create innovative cloud solutions that yield significant advantages for all parties involved.
Overview of Data Storage Corporation
Data Storage Corporation stands out as a leading provider of fully managed cloud hosting, disaster recovery, and cybersecurity services. Operating across multiple regions, the company serves a diverse client base including Fortune 500 companies in sectors like government, education, and healthcare, making DTST strategically positioned in the multibillion-dollar market for cloud hosting and business continuity.
Emphasis on Growth and Stability
The company’s intelligent investments and its network of regional data centers throughout North America enhance its reputation as a pillar of stable growth in cloud infrastructure. This enables them to provide reliable and sustainable services through subscription agreements, addressing the needs of an ever-changing technological landscape.
Contact Information
For any inquiries regarding their services, the company can be reached through Crescendo Communications, LLC at 212-671-1020 or via email at DTST@crescendo-ir.com.
Frequently Asked Questions
What recent contract has Data Storage Corporation secured?
Data Storage Corporation has secured an expanded contract with a billion-dollar insurance company to enhance their disaster recovery capabilities.
What services are included in the new agreement?
The new agreement includes fully managed hosting solutions, cloud backup, backup management, and replication management to ensure data continuity.
How does this agreement benefit the insurance company?
The insurance company can avoid acquiring new hardware costs while benefiting from improved data management and security services.
What is the role of CloudFirst in this agreement?
CloudFirst, a subsidiary of Data Storage Corporation, is responsible for providing the managed services outlined in the contract.
How does Data Storage Corporation distinguish itself in the market?
Data Storage Corporation distinguishes itself through strategic investments in cloud solutions, serving a diverse range of clients with tailored services and a commitment to reliable technology.
