Data Storage to acquire majority stake in e-ternity

GARDEN CITY, USA: Cloud company Data Storage Corporation announced that it will acquire 80 per cent of the outstanding shares of privately held e-ternity Business Continuity Consultants Inc. ("e-ternity") of Toronto, Canada.

Once the acquisition is completed, Data Storage Corporation intends to operate e-ternity as an independent subsidiary and add its "pay-as-you go" cloud computing solution to its full suite of hosted disaster recovery and high availably offerings serving customers in the financial, educational, manufacturing, professional services and technology industries.

Additional details of the transaction were not disclosed.

"The acquisition of e-ternity and its core cloud computing offering is an ideal complement to Data Storage Corporation's hosted data protection services," said Chuck Piluso, chairman and CEO, Data Storage Corporation. "When finalized, this acquisition is expected to immediately contribute to the continued growth of our business by providing us with greater access to the IaaS market, while building upon our Safedata Asset acquisition which established our position in the IBM market. Looking ahead, we see a number of attractive acquisition opportunities in the high growth IaaS market, all part of our business plan to continue positioning Data Storage Corporation as a leader in cloud computing and data storage technology services."

Greg Onoprijenko, president, e-ternity, said: "Working together, we will be able to greatly expand our collective offerings while maintaining the levels of service our customers have come to expect."

Founded in 2004 and named a 2012 "Top 100 Cloud Services Provider" in the annual Talkin Cloud Top 100 Rankings, e-ternity provides customers including Travelers Insurance, Crawford and Company Inc., Callaway Golf Canada Ltd. and Psion Inc, with an array of infrastructure-as-a-service and infrastructure technology (IT) services.