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FalconStor Software

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FalconStor Software, Inc.
Company typePublic
IndustryComputer software
Founded2000; 24 years ago (2000)
New York City, U.S.
HeadquartersAustin, Texas, United States
Key people
Todd Brooks[1]
(President and CEO)
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.com

FalconStor Software, Inc. is 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 by Computer Associates veterans[4] ReiJane Huai[5] and Wayne Lam.[6] In 2007 the company started a joint-venture with the Chinese Academy of Sciences for the Blue Whale file system.[7] The joint venture was named Tianjin Zhongke Blue Whale Information Technologies Company, located in Tianjin, 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 at JPMorgan Chase with 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 the bribery.[13]

On September 25, 2017, FalconStor was delisted from Nasdaq Capital Market.[14] The company's stock is traded on OTC Markets Group’s OTCQB 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

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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

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  1. ^ "FalconStor Software CEO talks rebuilding, rebranding". 28 Nov 2018. Retrieved 22 March 2019.
  2. ^ a b "FalconStor Software CEO talks rebuilding, rebranding". SearchDataBackup. Retrieved 2019-03-22.
  3. ^ a b "LI company moves headquarters to Texas". Newsday. Retrieved 2019-03-22.
  4. ^ LIBN Staff (February 15, 2002). "Talent pool". Long Island Business News. Retrieved January 15, 2012.
  5. ^ "EXECUTIVE PROFILE: ReiJane Huai". Bloomberg Businessweek. January 15, 2012. Archived from the original on January 18, 2013. Retrieved January 15, 2012.
  6. ^ "EXECUTIVE PROFILE: Wayne Lam". Bloomberg Businessweek. January 15, 2012. Retrieved January 15, 2012.[dead link‍]
  7. ^ James Rogers (October 27, 2007). "FalconStor Launches China Venture". Network Computing. Archived from the original on March 19, 2012. Retrieved July 15, 2011.
  8. ^ John J. Ray; Paul M. Murdock (January 24, 2008). "America's 25 Fastest-Growing Tech Companies". Forbes.com. Retrieved December 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 from the original on May 11, 2013. Retrieved Jul 16, 2013.
  14. ^ "Nasdaq to delist LI software company stock". Newsday. Retrieved 2017-09-22.
  15. ^ "FalconStor Software, Inc. (FALC) Stock Price, Quote, History & News". finance.yahoo.com. Retrieved 2019-03-22.
  16. ^ "FalconStor Delivers Next-Generation Data Retention and Reinstatement Solution with Technology Alliances Partner Hitachi Vantara". yahoo! finance. 23 June 2020. Retrieved 24 June 2020.
  17. ^ "Mastering Enterprise Data Management and Protection – FalconStor Briefing Note". StorageSwiss.com - The Home of Storage Switzerland. 2019-03-04. Retrieved 2019-03-22.
  18. ^ "FalconStor Software Reveals New Data Storage Container". database. 23 May 2020. Retrieved 24 June 2020.
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