M&A - Data Storage Corp

Form Type: 10-K

Filing Date: 2025-03-31

Corporate Action: Acquisition

Type: Update

Accession Number: 000173112225000484

Filing Summary: Data Storage Corporation (DSC) reported on its successful integration of Flagship Solutions, LLC, which became a subsidiary of DSC in 2021. This integration completed in January 2024, has unlocked operational synergies and enables the cross-selling of the full CloudFirst suite to Flagship’s established customer base. The company specializes in enterprise cloud and business continuity solutions, focusing on managed cloud hosting, disaster recovery, and cybersecurity services primarily for IBM Power Systems. DSC maintains a high customer retention rate of over 90% in its long-term subscription contracts, serving more than 425 organizations, including various sectors such as government, healthcare, education, and Fortune 500 enterprises. The document also outlines DSC's competitive position in the market by emphasizing their unique offerings that target IBM i and AIX workloads, distinguishing them from major public cloud providers like AWS and Microsoft Azure.