Data Storage Corporation Selected By Leading U.S. Insurance Company For Cloud Migration, Hosting And Managed Services
Portfolio Pulse from Benzinga Newsdesk
Data Storage Corporation (NASDAQ:DTST) has been selected by a major U.S. insurance company for cloud migration, hosting, and managed services through its CloudFirst Solutions subsidiary. This project involves migrating a division's data center to the cloud and implementing advanced security solutions. The selection was based on DTST's reliable data circuits and proven track record with Fortune 500 and financial services companies. This partnership is expected to provide high-margin, recurring revenue and may expand to more divisions and geographies.
March 21, 2024 | 12:34 pm
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Data Storage Corporation (DTST) secures a significant contract for cloud migration and managed services with a leading U.S. insurance company, indicating potential for high-margin, recurring revenue and future expansion.
The contract with a major U.S. insurance company for cloud migration and managed services is a significant development for Data Storage Corporation. It not only provides an immediate revenue stream but also sets the stage for potential future expansion, both in terms of additional services and geographical reach. The selection of DTST's CloudFirst Solutions subsidiary, based on its reliable data circuits and track record, underscores the company's competitive advantage in the cloud services market. This partnership is likely to enhance DTST's market position and financial performance, making it an attractive prospect for investors.
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