Data Storage Corporation Closes Sale of CloudFirst Business
Data Storage Corporation (DTST)
NASDAQ:AMEX Investor Relations:
datastoragecorp.com/about-us/investor-relations
Company Research
Source: GlobeNewswire
MELVILLE, N.Y., Sept. 12, 2025 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” or the “Company”), today announced it has completed the previously announced sale of its CloudFirst business (“CloudFirst”), comprised of substantially all of the assets held by CloudFirst Technologies Corporation, a wholly-owned subsidiary of the Company, to Performive, a cloud infrastructure provider backed by Renovus Capital Partners. The transaction, approved by shareholders on September 10, 2025, closed on September 11, 2025, and generated approximately $40 million in gross proceeds, with estimated net proceeds of $24 million after fees, taxes, and adjustments. The Company plans to use proceeds to support targeted acquisitions and investments in areas aligned with digital infrastructure, including artificial intelligence (“AI”)-enabled software, graphics processing unit (“GPU”) technologies, and cybersecurity. DSC will also continue operating Nexxis, Inc., its telecommunications s
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News
- Data Storage Corporation (DTST) Q3 2025 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Data Storage Corporation signals disciplined M&A and targets $10M–$15M cash position following CloudFirst sale [Seeking Alpha]Seeking Alpha
- DTST Reports Q3 2025 Results Following Transformative CloudFirst SaleGlobeNewswire
- Data Storage Corporation Reschedules 2025 Third Quarter Business Update Conference Call for November 19th at 10:00 AM Eastern TimeGlobeNewswire
- Data Storage (NASDAQ:DTST) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=DTST&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street ZenMarketBeat
DTST
Sec Filings
- 11/19/25 - Form 8-K
- 11/19/25 - Form 10-Q
- 11/14/25 - Form NT
- DTST's page on the SEC website