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Announced

Data Storage FL to merge with Flagship Solutions Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Single Bidder

Software

Majority

United States

Domestic

Private

Pending

Acquisition

cloud solutions

Merger

business continuity

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Synopsis

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Data Storage FL, a wholly owned subsidiary of Data Storage, a provider of diverse business continuity, disaster recovery protection and cloud solutions, agreed to merge with Flagship Solutions Group, which provides IBM solutions, managed services, and cloud solutions worldwide. Financial terms were not disclosed. “We continue to provide a wide array of multicloud information technology solutions in highly secure, 100% reliable enterprise level cloud services for companies using IBM Power systems, Microsoft Windows and Linux, including: Infrastructure as a Service; Disaster Recovery as a Service; Cyber Security as a Service; and Data Analytics as a Service. Flagship has a first class customer base including premier companies across a wide array of sectors such as banking and finance, education, healthcare, manufacturing, retail, sports and entertainment, real estate, insurance, telecom, travel, transportation and more,” Chuck Piluso, Data Storage CEO.

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