Renovus Capital-backed Performive completed the acquisition of Cloudfirst Technologies from Data Storage for $40m.

Renovus Capital-backed Performive, a cloud infrastructure provider, completed the acquisition of Cloudfirst Technologies, a provider of data protection and business continuity services, from Data Storage, a provider of data protection and recovery solutions, for $40m. “With the CloudFirst transaction complete, we are in a stronger position to evaluate and execute targeted acquisitions. We will take a disciplined approach to investing in infrastructure and software businesses that align with our operating capabilities and offer recurring revenue potential,” Chuck Piluso, Data Storage Corporation CEO.