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FalconStor Software
Company typePublic
OTC PinkLimited:FALC
IndustryComputer software
Founded2000;24 years ago(2000)
New York City,U.S.
HeadquartersAustin, Texas,United States
Key people
Todd Brooks[1]
(PresidentandCEO)
Vince Sita
(CFO)
Ron Morita
(Vice President, Engineering)
Abdul Hashmi
(VP of Customer Success)
Clark Liddell
(VP of Operations)
Victoria Grey
(Head of Marketing)
Websitewww.falconstor

FalconStoris a data management software company based in Austin, Texas.[2][3]

History

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FalconStor was co-founded in 2000 in New York byComputer Associatesveterans[4]ReiJane Huai[5]and Wayne Lam.[6]In 2007 the company started a joint-venture with theChinese Academy of Sciencesfor theBlue Whale file system.[7] The joint venture was named Tianjin Zhongke Blue Whale Information Technologies Company, located inTianjin,China.[citation needed]FalconStor was listed at #5 in the Forbes 2008 list of 25 fastest growing technology companies.[8]In August 2009, FalconStor, in a joint-venture with Nexsan to create the co-branded DeDupe SG.[9][10]In 2011 CRN added FalconStor to their List of 25 “Need to Know: Storage Vendors”.[11]

In 2012, the company agreed to pay $5.8 US million as part as a federal investigation settlement, after it has admitted that its employees gave more than $300,000 in bribes to executives atJPMorgan Chasewith restricted stock shares and golf memberships in exchange for contracts.[12]The company was further charged with falsifying its corporate books and records associated with thebribery.[13]

On September 25, 2017, FalconStor was delisted fromNasdaq Capital Market.[14]The company's stock is traded onOTC Markets Group Inc.’sOTCQB Venture Market.[15]

In June 2020, FalconStor partners with Hitachi Content Platform (HCP) to provide end-to - end data management and backup solutions.[16]

Personnel

[edit]

On August 17, 2017, FalconStor appointed Todd Brooks as CEO. Previously, he served as COO of ESW Capital companies Aurea Software and Trilogy.[2]

In 2018, FalconStor moved its headquarters to Austin, Texas, and hired Brad Wolfe, former CFO for Asure Software, as CFO.[3]

Products

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In 2019, FalconStor launched its Data Mastery software platform (a rebrand of its FreeStor product).[17]

In May 2020, FalconStor Software announced a new tool named StorSafe, an enterprise-class permanent data storage container that combines with existing recovery applications and archive processes.[18]

References

[edit]
  1. ^"FalconStor Software CEO talks rebuilding, rebranding".28 Nov 2018.Retrieved22 March2019.
  2. ^ab"FalconStor Software CEO talks rebuilding, rebranding".SearchDataBackup.Retrieved2019-03-22.
  3. ^ab"LI company moves headquarters to Texas".Newsday.Retrieved2019-03-22.
  4. ^LIBN Staff (February 15, 2002)."Talent pool".Long Island Business News.RetrievedJanuary 15,2012.
  5. ^"EXECUTIVE PROFILE: ReiJane Huai".Bloomberg Businessweek.January 15, 2012. Archived fromthe originalon January 18, 2013.RetrievedJanuary 15,2012.
  6. ^"EXECUTIVE PROFILE: Wayne Lam".Bloomberg Businessweek.January 15, 2012.RetrievedJanuary 15,2012.[dead link]
  7. ^James Rogers (October 27, 2007)."FalconStor Launches China Venture".Network Computing.Archived fromthe originalon March 19, 2012.RetrievedJuly 15,2011.
  8. ^John J. Ray; Paul M. Murdock (January 24, 2008)."America's 25 Fastest-Growing Tech Companies".Forbes.RetrievedDecember 23,2011.
  9. ^"Nexsan, Falconstor team up for a greener data dedupe process".[dead link]
  10. ^"Nexsan and Falconstor outspin Data Domain".The Register.
  11. ^"2011 Need To Know: Storage Vendors".CRN.
  12. ^FalconStor Bribed JPMorgan Chase Executives, Data Storage Company Fined Millions.Huffington Post. 06/28/2012
  13. ^"SEC Charges Falconstor for bribery".June 29, 2012. Archived fromthe originalon May 11, 2013.RetrievedJul 16,2013.
  14. ^"Nasdaq to delist LI software company stock".Newsday.Retrieved2017-09-22.
  15. ^"FalconStor Software, Inc. (FALC) Stock Price, Quote, History & News".finance.yahoo.Retrieved2019-03-22.
  16. ^"FalconStor Delivers Next-Generation Data Retention and Reinstatement Solution with Technology Alliances Partner Hitachi Vantara".yahoo! finance.23 June 2020.Retrieved24 June2020.
  17. ^"Mastering Enterprise Data Management and Protection – FalconStor Briefing Note".StorageSwiss - The Home of Storage Switzerland.2019-03-04.Retrieved2019-03-22.
  18. ^"FalconStor Software Reveals New Data Storage Container".database.23 May 2020.Retrieved24 June2020.
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