2021 Achievements:
- Commenced trading on the Nasdaq Capital Market
- Completed merger with
Flagship Solutions, LLC , a leading provider of IBM solutions, managed services and cloud solutions worldwide - Opened the Canadian marketplace by placing IBM equipment in two Tier 2 data centers for IaaS and disaster recovery
- Entered a managed services model partnership with Precisely, a global leader in data integrity software
- Announced several significant appointments to senior management
- With Flagship acquisition and new hires, grew headcount from 29 to 60 increasing headcount by over 100%
- Grew subscription and recurring revenue by 57% for the first nine months of 2021
- Maintaining a 94% renewal rate on existing long term client contracts
$17m total contract value sales proposals- $16m+ in remaining contract value
- Tier 3 data centers in the
USA andCanada - Concluded 2021 with a multi-million dollar contract with one of the nation’s most recognized professional sports teams
We have already identified numerous cross-selling opportunities, allowing us to realize solid revenue growth since completion of the merger. Moreover, we anticipate continued growth and additional opportunities within this market as the IBM on-premise server market has only begun to transition to the cloud in the last few years. Specifically, of the one million plus virtual
“Additionally, we continue to execute on our business growth strategy by expanding our offerings, which have provided new and valuable opportunities—much like our partnership with Precisely, a global leader in data integrity and cyber security software solutions. The addition of Precisely’s expanded solutions within a cloud environment has allowed us to offer an even more robust and full-featured offering that addresses the most common IT security exposure issues, including ransomware. These solutions have become increasingly important as more and more organizations are migrating to the cloud and are in need of critical security features that protect information, data privacy, and adhere to compliance standards.”
“We also entered into a partnership with Able-One, filling a vital need for cloud services in
“As a result of our strategic initiatives in 2021, DSC has a remaining contract value on subscription services alone of greater than
About
The Company delivers and supports a broad range of premium technology solutions focusing on IaaS, data storage protection and IT management. Clients look to
Safe Harbor Provision
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. These risks should not be construed as exhaustive and should be read together with the other cautionary statements included in the Company’s Annual Report on Form 10-K for the year ended
Contact:
212-671-1020
DTST@crescendo-ir.com
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