FalconStor Software

FalconStor Software
Public
Traded as NASDAQ: FALC
Industry Computer software
Founded 2000 (2000)
New York City, U.S.
Headquarters Melville, New York, USA
Key people
 Gary Quinn[1]
(President and CEO)
Louis Petrucelly
(Chief Financial Officer)
Website www.falconstor.com

FalconStor Software provides data protection[2] and storage virtualization computer software.

History

FalconStor was co-founded in 2000 in New York by Computer Associates veterans[3] ReiJane Huai[4] and Wayne Lam.[5] In 2007 the company started a joint-venture with the Chinese Academy of Sciences for the Blue Whale file system.[6] The joint venture was named Tianjin Zhongke Blue Whale Information Technologies Company, located in Tianjin, China. FalconStor was listed at #5 in the Forbes 2008 list of 25 fastest growing technology companies.[7] In August 2009, FalconStor, in a joint-venture with Nexsan to create the co-branded DeDupe SG.[8][9] In 2011 CRN added FalconStor to their List of 25 “Need to Know: Storage Vendors”.[10]

In 2012, the company has 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.[11] The company was further charged with falsifying its corporate books and records associated with the bribery.[12]

On July 23, 2013, FalconStor announced Gary Quinn became president and CEO.[13]

Products

FalconStor's software includes virtual tape library with data deduplication, continuous data protection, file-interface deduplication system and network storage server, each enabled with wide area networkreplication for disaster recovery and remote office protection.[2] In 2010 FalconStor announced a clustered file system called HyperFS, designed to address storage issues related to applications requiring high performance and very low latency, such as those commonly found in media and entertainment markets.[14][15][16]

Awards

FalconStor's founding CEO, ReiJane Huai,[4] was named entrepreneur of the year for the Metro New York Region in 2009 by Ernst & Young.[17] In 2011 FalconStor was granted HP AllianceONE program partner of the year award in the category of HP Converged Infrastructure Solutions – Government. In 2015 FreeStor powered by FalconStor won Virtualisation/Software Defined Storage Product of the Year Award from SVC Awards.[18]

References

  1. ↑ "FalconStor Software Names Gary Quinn President and Chief Executive Officer". 23 July 2013. Retrieved 18 September 2013.
  2. 1 2 "FalconStor Software Announced Comprehensive Upgrade Of Its Suite Of Data Protection Solutions". FNN online. October 27, 2007. Retrieved August 22, 2011.
  3. ↑ LIBN Staff (February 15, 2002). "Talent pool". Long Island Business News. Retrieved January 15, 2012.
  4. 1 2 "EXECUTIVE PROFILE: ReiJane Huai". Bloomberg Businessweek. January 15, 2012. Retrieved January 15, 2012.
  5. ↑ "EXECUTIVE PROFILE: Wayne Lam". Bloomberg Businessweek. January 15, 2012. Retrieved January 15, 2012.
  6. ↑ James Rogers (October 27, 2007). "FalconStor Launches China Venture". Network Computing. Retrieved July 15, 2011.
  7. ↑ John J. Ray; Paul M. Murdock (January 24, 2008). "America's 25 Fastest-Growing Tech Companies". Forbes.com. Retrieved December 23, 2011.
  8. ↑ "Nexsan, Falconstor team up for a greener data dedupe process".
  9. ↑ "Nexsan and Falconstor outspin Data Domain".
  10. ↑ "2011 Need To Know: Storage Vendors". CRN.
  11. ↑ FalconStor Bribed JPMorgan Chase Executives, Data Storage Company Fined Millions. Huffington Post. 06/28/2012
  12. ↑ "SEC Charges Falconstor for bribery". June 29, 2012. Retrieved Jul 16, 2013.
  13. ↑ http://www.falconstor.com/news-and-events/press-center/press-releases-top-story/2465-falconstor-software-names-gary-quinn-president-and-chief-executive-officer
  14. ↑ "FalconStor Announces HyperFS™ File System for Media and Entertainment Market". ShareCG. April 15, 2010. Retrieved January 13, 2012.
  15. ↑ "FalconStor And SeaChange Enter Into Strategic OEM Partnership – Enable New Product Offering For The Media And Entertainment Market". thestreet.com. December 10, 2010. Retrieved January 13, 2012.
  16. ↑ "The Digital Property Group 'streets ahead' with first live European implementation of FalconStor HyperFS". Retail Technology Review. May 13, 2010. Retrieved January 13, 2012.
  17. ↑ "FalconStor CEO Named Ernst & Young Entrepreneur Of The Year 2009 Award Finalist". Bloomberg.
  18. ↑ "SVC Awards". SVC.

External links

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