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Data Storage Corporation Announces Final Results of Tender Offer
Globenewswire· 2026-01-15 21:05
Core Viewpoint - Data Storage Corporation has successfully completed a tender offer to acquire approximately 72% of its outstanding shares, positioning itself for a disciplined acquisition strategy while maintaining a strong cash reserve of over $10 million [1][3]. Group 1: Tender Offer Details - The company acquired 5,625,129 shares at a price of $5.20 per share, totaling approximately $29.25 million, funded entirely through cash on hand [3]. - The tender offer expired on January 12, 2026, and the shares accepted for purchase represent about 72% of the total outstanding shares as of December 8, 2025 [1][3]. Group 2: Financial Position and Strategy - Following the tender offer, Data Storage Corporation retains over $10 million in cash, allowing for future strategic initiatives [2][3]. - The company aims to pursue a disciplined acquisition strategy focused on technology-enabled services, particularly in areas such as GPU environments, AI-driven software applications, cybersecurity, and telecommunications [3][4]. Group 3: Future Outlook - The company is actively evaluating strategic opportunities that align with its growth plan, emphasizing businesses with recurring revenue, high margins, and established customer bases [3]. - The management believes that this approach could be transformative for the company over time [3].
Data Storage Corporation Extends Expiration Time of Offer to Purchase
Globenewswire· 2025-12-23 21:05
Core Viewpoint - Data Storage Corporation has announced an extension of the expiration date for its Offer to Purchase from January 7, 2026, to January 12, 2026, indicating ongoing efforts to complete the tender offer process [1]. Company Overview - Data Storage Corporation, through its subsidiary Nexxis, Inc., provides Voice over Internet Protocol (VoIP) and Unified Communications, along with dedicated internet connectivity as part of its comprehensive service offerings [2]. - The company plans to invest in various sectors post-tender offer completion, including GPU Infrastructure-as-a-Service (IaaS), AI-driven software applications, cybersecurity, and voice/data telecommunications, aiming to build sustainable and recurring revenue streams while maintaining financial discipline [2].
Data Storage Corporation Provides Letter to Shareholders Highlighting 2026 Corporate Strategy
Globenewswire· 2025-12-18 13:30
Core Viewpoint - Data Storage Corporation outlines its strategic direction for 2026, focusing on a disciplined hybrid acquisition strategy aimed at technology consolidation and selective investments in the technology market [1][2]. Group 1: Acquisition Strategy - The 2026 plan emphasizes acquiring technology-enabled service providers, including managed IT, cybersecurity monitoring, telecom, and UCaaS platforms, targeting companies with solid annual recurring revenue and high margins [3][4]. - The company aims to prioritize acquisitions in compliance-as-a-service, document security, access-control, healthcare BPO, and niche micro-SaaS+ services, which are seen as stable and mission-critical [6][5]. Group 2: Operational Focus - To support the acquisition strategy, the company plans to enhance its centralized inbound marketing engine, improve cross-selling capabilities, leverage a shared CRM, and implement unified operational standards across business units [8][9]. - The operational focus is designed to create stable recurring revenue, attractive valuations, and lower integration risk, ultimately benefiting shareholders [9]. Group 3: Investment Flexibility - The company remains committed to evaluating investments in companies utilizing GPUs, AI workflow tools, and automation platforms, but will pursue these opportunities only when they meet disciplined valuation criteria [7]. - This approach allows the company to maintain flexibility in investing within the technology market while ensuring financial discipline and strategic focus [10].
Data Storage Corporation Announces Its Intention to Commence a Tender Offer
Globenewswire· 2025-12-08 13:30
Core Viewpoint - Data Storage Corporation is initiating a tender offer to purchase up to 6,192,990 shares of its common stock at a price of $5.20 per share, totaling an aggregate purchase price of up to $32,203,548 [1][4] Group 1: Tender Offer Details - The tender offer will commence on December 8, 2025, and is set to expire at midnight on January 7, 2026, unless extended [2] - Stockholders must validly tender their shares before the expiration time to participate in the offer, and shares can only be withdrawn before this time [2] - The company will fund the purchase of tendered shares using cash on hand, including proceeds from the sale of its cloud services business completed on September 11, 2025 [6] Group 2: Strategic Direction - Following the divestiture of its disaster recovery and CPU cloud hosting services, the company is focusing on higher-growth areas such as GPU Infrastructure-as-a-Service (IaaS), AI-driven software applications, cybersecurity, and voice/data telecommunications [3][12] - The company has engaged specialists in high-technology verticals to support its acquisition and partnership strategy [3] - The tender offer provides liquidity for stockholders who choose to participate, while those who do not will own a greater percentage of the company post-offer [3][4]