FOR IMMEDIATE RELEASE
Contact:
Karen Higgins
A & E Communications
(610) 831-5723
khiggins@aandecomm.com
Data Storage Corporation Acquires DSC
Acquisition Enables the Extension of Business Continuity and Data Recovery Service Offerings for Both Companies
Garden City, N.Y. and Warwick R.I. – June 28, 2010 – CloudFirst (OTCBB:DTST), a provider of diverse electronic data storage and protection solutions, today announced the acquisition of DSC, a technology company focused on helping companies protect their data, minimize downtime and recover and restore data quickly.
By acquiring DSC, CloudFirst (DSC) expands its current solutions which include: data backup and recovery, digital archiving, virtual hosting and standby data recovery, e-discovery, email archiving and host exchange to the IBM iSeries market leveraging DSC’s high availability, data recovery and telecom recovery solutions.
DSC will operate as a division of CloudFirst, remaining in Warwick, R.I. and continuing to serve its existing clients with its DSC/HA, DSC/DR and DSC/TR products. Peter Briggs will continue as President of the DSC unit and will hold the position of executive vice president with Data Storage Corporation. Larry Putterman, chairman of DSC will serve on the CloudFirst board of directors.
“We plan to grow our organization organically and through strategic acquisitions,” explained Chuck Piluso, Chairman and CEO of Data Storage Corporation. “With DSC’s penetration in the IBM iSeries market and its extensive client base, it was a logical addition. As part of the acquisition, we extended our service offerings, and gained the expertise of an excellent team of talented data storage and recovery professionals.”
“This is an exciting time for DSC, our employees and our customers,” said Briggs. “DSC brings us a platform for scaling and growth, which will make it possible, for us to extend our market presence across the country and will provide greater breadth and depth to our data storage and recovery services for our clients. As a unit of DSC, we will now have additional resources to help take DSC to the next level.”
About DSC
DSC is a technology company focused on helping businesses protect their data, minimize downtime and recover and restore data quickly. DSC delivers affordable subscription-based backup and data recovery services to businesses of all sizes and types, including high availability, electronic vaulting, virtualized recovery and telecom recovery services. DSC’s approach to backup and disaster recovery supports businesses with unique Recovery Time Objectives (RTO), using best-in-class technologies that are cost effective and reliable. Founded in 2005, DSC is headquartered in Warwick, R.I. For more information on DSC, visit www.safedata.net.
About CloudFirst
DSC delivers and supports through its various divisions a broad range of premium solutions focusing in electronic data storage and protection. Clients look to DSC to ensure disaster recovery and business continuity, strengthen security and to meet increasing industry, state and federal regulations. The company markets to business, government, education, and the healthcare industry b leveraging leading technologies such as Virtualization, Cloud Computing and Electronic Medical Records (EMR). The company provides hardware, Software-as-a-Service, managed IT services, installation and maintenance.
Additional information about CloudFirst is available on the company site: http://www.dscorp.net.
Cautionary Statement on Risks Associated with CloudFirst – Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 by CloudFirst that are subject to risks and uncertainties. The words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “may,” “should,” “could,” and similar expressions are intended to identify such statements. Forward-looking statements are not guarantees of future performance and are to be interpreted only as of the date on which they are made. Data Storage Corporation undertakes no obligation to update or revise any forward-looking statement except as required by law. Data Storage Corporation advises investors that it discusses risk factors and uncertainties that could cause CloudFirst’s actual results to differ from forward-looking statements in its periodic reports filed with the Securities and Exchange Commission (“SEC”). Data Storage Corporation’s SEC filings can be accessed through the SEC’s EDGAR Database at www.sec.gov (CloudFirst has EDGAR CIK No. 0001419951).
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DSC and the DSC Logo are trademarks of Data Storage Corporation. All other trademarks or registered trademarks are properties of their prospective owners.
