FalconStor Software

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FalconStor Software, Inc.
Company type
Public
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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)
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Websitewww.falconstor.com

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FalconStor Software, Inc. is a data management software company based in Austin, Texas.[2][3]

History

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]

Founder ReiJane Huai resigned in September 2010 over "certain improper payments" and committed suicide September 26, 2011 aged 52.[12] He had been due in a U.S. district court the day with the intention of pleading guilty.[13]

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.[14] The company was further charged with falsifying its corporate books and records associated with the bribery.[15]

On September 25, 2017, FalconStor was delisted from Nasdaq Capital Market.[16] The company's stock is traded on OTC Markets Group’s OTCQB Venture Market.[17]

In June 2020, FalconStor partners with Hitachi Content Platform (HCP) to provide end-to-end data management and backup solutions.[18]

Personnel

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

In 2019, FalconStor launched its Data Mastery software platform (a rebrand of its FreeStor product).[19]

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.[20]

References

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  1. ^ Page Module:Citation/CS1/styles.css has no content."FalconStor Software CEO talks rebuilding, rebranding". 28 Nov 2018. Retrieved 22 March 2019.
  2. ^ a b Page Module:Citation/CS1/styles.css has no content."FalconStor Software CEO talks rebuilding, rebranding". SearchDataBackup. Retrieved 2019-03-22.
  3. ^ a b Page Module:Citation/CS1/styles.css has no content."LI company moves headquarters to Texas". Newsday. Archived from the original on April 5, 2018. Retrieved 2019-03-22.
  4. ^ Page Module:Citation/CS1/styles.css has no content.LIBN Staff (February 15, 2002). "Talent pool". Long Island Business News. Retrieved January 15, 2012.
  5. ^ Page Module:Citation/CS1/styles.css has no content."EXECUTIVE PROFILE: ReiJane Huai". Bloomberg Businessweek. January 15, 2012. Retrieved January 15, 2012.{{cite news}}: CS1 maint: deprecated archival service (link)
  6. ^ Page Module:Citation/CS1/styles.css has no content."EXECUTIVE PROFILE: Wayne Lam". Bloomberg Businessweek. January 15, 2012. Retrieved January 15, 2012.[dead link]
  7. ^ Page Module:Citation/CS1/styles.css has no content.James Rogers (October 27, 2007). "FalconStor Launches China Venture". Network Computing. Archived from the original on March 19, 2012. Retrieved July 15, 2011.
  8. ^ Page Module:Citation/CS1/styles.css has no content.John J. Ray; Paul M. Murdock (January 24, 2008). "America's 25 Fastest-Growing Tech Companies". Forbes.com. Retrieved December 23, 2011.
  9. ^ Page Module:Citation/CS1/styles.css has no content."Nexsan, Falconstor team up for a greener data dedupe process".[dead link]
  10. ^ Page Module:Citation/CS1/styles.css has no content."Nexsan and Falconstor outspin Data Domain". The Register.
  11. ^ Page Module:Citation/CS1/styles.css has no content."2011 Need To Know: Storage Vendors". CRN.
  12. ^ Page Module:Citation/CS1/styles.css has no content."FalconStor Founder ReiJane Huai Dead of Apparent Suicide". www.channelfutures.com.
  13. ^ Page Module:Citation/CS1/styles.css has no content."Dead FalconStor CEO 'was set to plead guilty'".
  14. ^ FalconStor Bribed JPMorgan Chase Executives, Data Storage Company Fined Millions. Huffington Post. 06/28/2012
  15. ^ Page Module:Citation/CS1/styles.css has no content."SEC Charges Falconstor for bribery". June 29, 2012. Archived from the original on May 11, 2013. Retrieved Jul 16, 2013.
  16. ^ Page Module:Citation/CS1/styles.css has no content."Nasdaq to delist LI software company stock". Newsday. Archived from the original on September 22, 2017. Retrieved 2017-09-22.
  17. ^ Page Module:Citation/CS1/styles.css has no content."FalconStor Software, Inc. (FALC) Stock Price, Quote, History & News". finance.yahoo.com. Retrieved 2019-03-22.
  18. ^ Page Module:Citation/CS1/styles.css has no content."FalconStor Delivers Next-Generation Data Retention and Reinstatement Solution with Technology Alliances Partner Hitachi Vantara". yahoo! finance. 23 June 2020. Retrieved 24 June 2020.
  19. ^ Page Module:Citation/CS1/styles.css has no content."Mastering Enterprise Data Management and Protection – FalconStor Briefing Note". StorageSwiss.com - The Home of Storage Switzerland. 2019-03-04. Retrieved 2019-03-22.
  20. ^ Page Module:Citation/CS1/styles.css has no content."FalconStor Software Reveals New Data Storage Container". database. 23 May 2020. Retrieved 24 June 2020.
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