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Data Storage Corporation's CloudFirst Europe Forms Strategic Partnership With Brightsolid to Enhance UK Cloud Services

Quiver Quantitative ·  Nov 19 04:10

CloudFirst Europe partners with Brightsolid to enhance cloud services in Scotland, providing secure, reliable solutions for clients.

Quiver AI Summary

Data Storage Corporation (DSC) has announced a strategic partnership between its subsidiary CloudFirst Europe and Brightsolid, a data center provider in Scotland. This collaboration aims to enhance CloudFirst's operations and service capabilities in the UK market, particularly in Scotland. Brightsolid's Tier 3 compliant data centers will allow CloudFirst to provide secure and reliable IBM cloud solutions to a broader range of clients. Both companies believe that merging CloudFirst's cloud services with Brightsolid's regional expertise will deliver exceptional value and support digital transformation for businesses in the region. The partnership aligns with CloudFirst's expansion strategy and strengthens their commitment to delivering comprehensive cloud solutions.

Potential Positives

  • Data Storage Corporation's subsidiary, CloudFirst Europe, has established a strategic partnership with Brightsolid, enhancing its expansion strategy in the UK.
  • This partnership increases CloudFirst Europe's ability to deliver secure and reliable cloud solutions through Brightsolid's Tier 3 data centers.
  • The collaboration allows CloudFirst Europe to provide its IBM cloud products to Brightsolid's extensive client network, creating new revenue opportunities.
  • The partnership aligns with both companies' strategic goals, enhancing digital transformation support for businesses across Scotland and the UK.

Potential Negatives

  • The announcement of the partnership may highlight the company's need to seek external collaborations to strengthen its market position, suggesting potential weaknesses in its independent growth strategy.
  • The reliance on forward-looking statements introduces uncertainty about the company's ability to meet its growth expectations in Europe, creating potential apprehension among investors.
  • The press release does not disclose any concrete financial metrics or specific targets associated with the partnership, which may leave stakeholders questioning the anticipated impact on company performance.

FAQ

What is the recent partnership announced by Data Storage Corporation?

Data Storage Corporation's subsidiary, CloudFirst Europe, partnered with Brightsolid to enhance cloud solutions in the UK, specifically Scotland.

How does the partnership benefit CloudFirst Europe?

The partnership allows CloudFirst Europe to expand its service offerings and reach more clients through Brightsolid's network in Scotland.

What is Brightsolid known for in the UK?

Brightsolid is recognized for its high-quality data centers in Scotland that meet Tier 3 standards for security and reliability.

What products will Brightsolid offer through CloudFirst Europe?

Brightsolid will offer a portfolio of IBM cloud products and services provided by CloudFirst Europe, enhancing its service capabilities.

How does this partnership support digital transformation?

The collaboration combines expertise and resources to provide exceptional value, security, and reliability, supporting businesses in their digital transformation efforts.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.


$DTST Hedge Fund Activity

We have seen 10 institutional investors add shares of $DTST stock to their portfolio, and 14 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

  • RENAISSANCE TECHNOLOGIES LLC added 56,199 shares (+62.5%) to their portfolio in Q3 2024
  • AMERITAS ADVISORY SERVICES, LLC removed 46,300 shares (-100.0%) from their portfolio in Q3 2024
  • OSAIC HOLDINGS, INC. removed 33,350 shares (-96.8%) from their portfolio in Q3 2024
  • HILLTOP HOLDINGS INC. added 19,490 shares (+inf%) to their portfolio in Q3 2024
  • DIMENSIONAL FUND ADVISORS LP added 16,495 shares (+136.3%) to their portfolio in Q3 2024
  • ACADIAN ASSET MANAGEMENT LLC removed 14,637 shares (-100.0%) from their portfolio in Q3 2024
  • ROYAL BANK OF CANADA removed 14,600 shares (-100.0%) from their portfolio in Q3 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release



MELVILLE, N.Y., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) ("DSC" and the "Company"), a premier provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, for IBM Power systems including IBMi and AIX, today announced that its subsidiary, CloudFirst Europe, has entered into a strategic partnership with

Brightsolid

, a premier data center provider based in Scotland and part of the DC Thomson group. This collaboration marks a significant step in CloudFirst's expansion strategy across the UK and positions the Company to better serve clients in Scotland.



Brightsolid, known for its top-tier data centers in Scotland, is one of the key UK-based partners that CloudFirst Europe has engaged with as part of its commitment to delivering secure, reliable, and redundant cloud solutions. These data centers meet Tier 3 standards, ensuring optimal levels of security, availability, and reliability. The partnership aligns both companies' strategic goals, as CloudFirst Europe brings a portfolio of complementary IBM cloud products and services that Brightsolid will now be able to offer its extensive client base. By combining CloudFirst Europe's full service cloud solutions with Brightsolid's regional expertise and client network, the partnership provides a robust suite of services for both new and existing customers.



"CloudFirst skillset in managed IBM Cloud Solutions enables us to bring a more comprehensive suite of cloud solutions to our clients," said Tony Capper, Sales Director at Brightsolid. "By combining our data center expertise with CloudFirst's IBM cloud products, we're positioned to deliver exceptional value, security, and reliability to businesses across Scotland and the UK. This collaboration not only expands the options available to our clients but also strengthens our commitment to supporting digital transformation in the region."



"Brightsolid's dedication to quality and reliability aligns perfectly with our values at CloudFirst," added, Hal Schwartz, President of CloudFirst. "Brightsolid's data centers were selected not only for their exceptional quality but also for their geographic positioning and client reach. Our partnerships with multiple UK data centers, including Brightsolid, are structured to maximize customer engagement across different verticals and regions, creating access to a broader addressable market. We look forward to working closely with the Brightsolid team for years to come."




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 or follow us 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 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 grow its presence in Europe . 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




Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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