Data Storage Corporation (DTST) has entered into a definitive agreement to sell the assets of its wholly owned subsidiary, CloudFirst Technologies Corporation, aiming to accelerate CloudFirst’s growth with a new owner.
The transaction awaits customary closing conditions and approval at Data Storage Corporation’s annual shareholders meeting on September 10, 2025.
CloudFirst will join Performive, a cloud and infrastructure services provider supported by Renovus Capital Partners, while retaining its brand, leadership, and support teams to ensure continuity throughout the process.
Upon shareholder approval, Data Storage Corporation plans to keep its public listing and continue operating Nexxis Inc.
CEO Chuck Piluso emphasized that this agreement underscores the long-term value CloudFirst has created and signals strong confidence in the future.
