CloudFirst to Join Performive in Strategic Growth Transaction
Transaction Announcement: Data Storage Corporation has entered into an agreement to sell its subsidiary, CloudFirst Technologies, to Performive, aiming to enhance CloudFirst's growth while exploring strategic opportunities for shareholder value. The transaction is pending approval from shareholders at the annual meeting on September 10, 2025.
Future Plans: If approved, Data Storage plans to use proceeds from the sale for a tender offer to repurchase up to 85% of its outstanding shares and pursue strategic acquisitions in high-growth sectors such as AI-enabled SaaS, cybersecurity, and healthcare automation.
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DATA STORAGE CORPORATION RELEASES FINAL OUTCOMES OF TENDER OFFER
Final Results Announcement: Data Storage Corporation has announced the final results of its tender offer.
Tender Offer Details: The announcement includes specifics about the number of shares accepted and the overall response from shareholders.
Data Storage Corporation Indicates Strategic M&A Approach and Aims for $10M–$15M Cash Reserve After CloudFirst Sale
Management Insights: Data Storage Corporation's CEO, Charles Piluso, described Q3 2025 as a transformative period following the $40 million sale of the CloudFirst subsidiary, which allows the company to focus on long-term shareholder value and disciplined growth under the new strategy, DSC 2.0.
Financial Performance: The company reported a 28.2% increase in sales from its continuing operations, totaling $417,000 for the quarter, while net income for the quarter reached $16.8 million, primarily due to gains from discontinued operations.
Future Outlook: Management is focused on completing a tender offer and share buyback process, with expectations of finalizing cash positions between $5 million and $15 million, and is exploring strategic acquisitions in emerging technology sectors like AI and cybersecurity.
Analyst Sentiment: Analysts expressed skepticism regarding cash forecasts and the sustainability of current expenses, while management maintained a confident tone, emphasizing transparency and a disciplined approach to capital allocation and acquisition strategies.
Data Storage Corporation Moves 2025 Third Quarter Business Update Conference Call to November 19th at 10:00 AM ET
Conference Call Announcement: Data Storage Corporation has rescheduled its 2025 third quarter business update conference call to November 19, 2025, at 10:00 a.m. Eastern Time, accessible via telephone and webcast.
Webcast and Replay Information: The conference call will be available for replay on the company's website until May 19, 2026, with a telephone replay option available until November 26, 2025.
Company's Future Plans: Data Storage Corporation plans to invest in various sectors, including GPU Infrastructure-as-a-Service, AI-driven software applications, cybersecurity, and telecommunications, aiming to create sustainable revenue streams.
Forward-Looking Statements: The release includes forward-looking statements that involve risks and uncertainties, with details available in the company's SEC filings.
Data Storage Corporation Delays Third Quarter Business Update Conference Call for 2025
Postponement of Conference Call: Data Storage Corporation has postponed its 2025 third quarter business update conference call, originally set for November 14, 2025, to allow for accounting adjustments following the sale of its CloudFirst subsidiary.
Focus on Financial Adjustments: The company is working to finalize necessary accounting adjustments and will announce a new date and time for the conference call once available.
Future Investment Plans: Following the completion of a tender offer, Data Storage Corporation plans to invest in various sectors, including GPU Infrastructure-as-a-Service, AI-driven software applications, cybersecurity, and telecommunications.
Forward-Looking Statements: The release includes forward-looking statements that involve risks and uncertainties, with details available in the company's filings with the Securities and Exchange Commission.
Data Storage Corporation to Hold Business Update Conference Call on November 14, 2025, at 11:00 AM ET
Conference Call Announcement: Data Storage Corporation will host a business update conference call on November 14, 2025, to discuss the sale of its CloudFirst subsidiary and its strategic business outlook.
Access Information: The call can be accessed via telephone or webcast, with replays available on the company's website and through a dedicated phone line.
Future Investments: Post-tender offer, Data Storage Corporation plans to invest in areas such as GPU Infrastructure-as-a-Service, AI-driven software applications, cybersecurity, and telecommunications.
Forward-Looking Statements: The release includes forward-looking statements that involve risks and uncertainties, with details available in the company's SEC filings.
CloudFirst to Join Performive in Strategic Growth Transaction
Transaction Announcement: Data Storage Corporation has entered into an agreement to sell its subsidiary, CloudFirst Technologies, to Performive, aiming to enhance CloudFirst's growth while exploring strategic opportunities for shareholder value. The transaction is pending approval from shareholders at the annual meeting on September 10, 2025.
Future Plans: If approved, Data Storage plans to use proceeds from the sale for a tender offer to repurchase up to 85% of its outstanding shares and pursue strategic acquisitions in high-growth sectors such as AI-enabled SaaS, cybersecurity, and healthcare automation.
DATA STORAGE CORPORATION RELEASES FINAL OUTCOMES OF TENDER OFFER
Final Results Announcement: Data Storage Corporation has announced the final results of its tender offer.
Tender Offer Details: The announcement includes specifics about the number of shares accepted and the overall response from shareholders.
Data Storage Corporation Indicates Strategic M&A Approach and Aims for $10M–$15M Cash Reserve After CloudFirst Sale
Management Insights: Data Storage Corporation's CEO, Charles Piluso, described Q3 2025 as a transformative period following the $40 million sale of the CloudFirst subsidiary, which allows the company to focus on long-term shareholder value and disciplined growth under the new strategy, DSC 2.0.
Financial Performance: The company reported a 28.2% increase in sales from its continuing operations, totaling $417,000 for the quarter, while net income for the quarter reached $16.8 million, primarily due to gains from discontinued operations.
Future Outlook: Management is focused on completing a tender offer and share buyback process, with expectations of finalizing cash positions between $5 million and $15 million, and is exploring strategic acquisitions in emerging technology sectors like AI and cybersecurity.
Analyst Sentiment: Analysts expressed skepticism regarding cash forecasts and the sustainability of current expenses, while management maintained a confident tone, emphasizing transparency and a disciplined approach to capital allocation and acquisition strategies.
Data Storage Corporation Moves 2025 Third Quarter Business Update Conference Call to November 19th at 10:00 AM ET
Conference Call Announcement: Data Storage Corporation has rescheduled its 2025 third quarter business update conference call to November 19, 2025, at 10:00 a.m. Eastern Time, accessible via telephone and webcast.
Webcast and Replay Information: The conference call will be available for replay on the company's website until May 19, 2026, with a telephone replay option available until November 26, 2025.
Company's Future Plans: Data Storage Corporation plans to invest in various sectors, including GPU Infrastructure-as-a-Service, AI-driven software applications, cybersecurity, and telecommunications, aiming to create sustainable revenue streams.
Forward-Looking Statements: The release includes forward-looking statements that involve risks and uncertainties, with details available in the company's SEC filings.
Data Storage Corporation Delays Third Quarter Business Update Conference Call for 2025
Postponement of Conference Call: Data Storage Corporation has postponed its 2025 third quarter business update conference call, originally set for November 14, 2025, to allow for accounting adjustments following the sale of its CloudFirst subsidiary.
Focus on Financial Adjustments: The company is working to finalize necessary accounting adjustments and will announce a new date and time for the conference call once available.
Future Investment Plans: Following the completion of a tender offer, Data Storage Corporation plans to invest in various sectors, including GPU Infrastructure-as-a-Service, AI-driven software applications, cybersecurity, and telecommunications.
Forward-Looking Statements: The release includes forward-looking statements that involve risks and uncertainties, with details available in the company's filings with the Securities and Exchange Commission.
Data Storage Corporation to Hold Business Update Conference Call on November 14, 2025, at 11:00 AM ET
Conference Call Announcement: Data Storage Corporation will host a business update conference call on November 14, 2025, to discuss the sale of its CloudFirst subsidiary and its strategic business outlook.
Access Information: The call can be accessed via telephone or webcast, with replays available on the company's website and through a dedicated phone line.
Future Investments: Post-tender offer, Data Storage Corporation plans to invest in areas such as GPU Infrastructure-as-a-Service, AI-driven software applications, cybersecurity, and telecommunications.
Forward-Looking Statements: The release includes forward-looking statements that involve risks and uncertainties, with details available in the company's SEC filings.
CloudFirst to Join Performive in Strategic Growth Transaction
Transaction Announcement: Data Storage Corporation has entered into an agreement to sell its subsidiary, CloudFirst Technologies, to Performive, aiming to enhance CloudFirst's growth while exploring strategic opportunities for shareholder value. The transaction is pending approval from shareholders at the annual meeting on September 10, 2025.
Future Plans: If approved, Data Storage plans to use proceeds from the sale for a tender offer to repurchase up to 85% of its outstanding shares and pursue strategic acquisitions in high-growth sectors such as AI-enabled SaaS, cybersecurity, and healthcare automation.
