Data Storage Corp. (DTST) stock prices surged by 23.98% some time after market trading commenced on September 2nd, 2021. This brought the price per share up to USD$4.86 early on in the trading day.
DTST Stock Partners with Precisely
September 2nd 2021 saw DTST stock announce the establishment of a managed services model partnership with Precisely. The collaboration with the global leader in data integrity software is expected to bring innovative security software solutions to the company. The companies have previous maintained a partnership for several years within the traditional IBM mainframe environment. DTST is keen to offer Precisely data integrity solutions to the many companies migrating to the cloud. These companies exhibit a need for the protection of their information, data security, and compliance adherence.
Harmonious Union
The combination of the company’s expertise in IBM power systems and cloud solutions make the union a natural order of course with the highly complementary and robust security software solutions offered by Precisely. DTST stock’s ezSecurity is a graduated menu of IT security offerings that are focused on customer needs. The service starts with a security risk assessment that is free of charge.
Scope of Collaboration
The addition of the partnering company’s expanded solutions within a cloud environment facilitates the provision of a more robust and full-featured, monthly subscription-based offering. This service serves to address the most common IT security exposure issues, including ransomware. The free risk assessment and associated reports are designed to pinpoint challenges and immediately rectify any issues that are uncovered.
DTST Stock’s Market Leadership
DTST stock was a pioneer in cloud-based computing for IBM power systems. It managed this with the use of efficient, shared, and scalable resources architecture that served to mitigate costs of equipment and administrative overhead. Furthermore, the company has developed a unique portfolio of accessible branded solutions that are quick to deploy, cover high availability, disaster recover, and full-production hosting. All of these features are coupled with managed services expertise.
Future Outlook for DTST Stock
The company reported a stellar quarter, evidenced by the strength of its financial reports and consolidated by its partnership with Precisely. DTST stock is poised to capitalize on the expanded scope of opportunities afforded to it as a result of its new collaboration. Current and potential investors are hopeful that management will be able to leverage the resources at its disposal. This is, in turn, hoped to facilitate significant and sustained increases in shareholder value.
