Data Storage Corporation
Data Storage Corporation (Nasdaq: DTST) is an information sector company focused on technology-enabled services, digital infrastructure, and related technology investments. The company's mission is to build sustainable, recurring revenue streams through strategic investments and financial discipline. Data Storage Corporation was founded in 2001 and maintains its headquarters in Melville, New York, with an additional corporate address in New York City.
Historically, the company provided cloud-based voice over internet services, data transport, internet access, and SD-WAN solutions. Following a strategic divestiture, its core operating subsidiary, Nexxis, Inc., now delivers Voice over Internet Protocol (VoIP), Unified Communications, and dedicated internet connectivity. Data Storage Corporation offers integrated technology services to diverse sectors, including healthcare, professional services, financial services, manufacturing, and distributed enterprises, focusing on the cloud infrastructure, cybersecurity, and business continuity markets.
In a significant corporate transformation, Data Storage Corporation completed the divestiture of its CloudFirst cloud solutions business for $40 million in April 2026, returning $29.3 million to shareholders via a tender offer. This move allowed the company to become debt-free and report a record net income of $19.2 million for fiscal year 2025. The company is now strategically focused on investing in high-potential businesses, including GPU Infrastructure-as-a-Service (IaaS), AI-driven software applications, cybersecurity, and voice/data telecommunications, aiming to address critical AI infrastructure gaps in regulated industries. Charles M. Piluso serves as the Chairman of the Board and Chief Executive Officer.
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