FalconStor is a data management software company based in Austin, Texas.[2][3]
 | |
| Company type | Public |
|---|---|
| OTC Pink Limited: FALC | |
| Industry | Computer software |
| Founded | 2000 New York City, U.S. |
| Headquarters | Austin, 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) |
| Website | www |
History edit
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 Inc.’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 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 edit
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
- ^ "FalconStor Software CEO talks rebuilding, rebranding". 28 Nov 2018. Retrieved 22 March 2019.
- ^ a b "FalconStor Software CEO talks rebuilding, rebranding". SearchDataBackup. Retrieved 2019-03-22.
- ^ a b "LI company moves headquarters to Texas". Newsday. Retrieved 2019-03-22.
- ^ LIBN Staff (February 15, 2002). "Talent pool". Long Island Business News. Retrieved January 15, 2012.
- ^ "EXECUTIVE PROFILE: ReiJane Huai". Bloomberg Businessweek. January 15, 2012. Archived from the original on January 18, 2013. Retrieved January 15, 2012.
- ^ "EXECUTIVE PROFILE: Wayne Lam". Bloomberg Businessweek. January 15, 2012. Retrieved January 15, 2012.[dead link]
- ^ James Rogers (October 27, 2007). "FalconStor Launches China Venture". Network Computing. Archived from the original on March 19, 2012. Retrieved July 15, 2011.
- ^ John J. Ray; Paul M. Murdock (January 24, 2008). "America's 25 Fastest-Growing Tech Companies". Forbes.com. Retrieved December 23, 2011.
- ^ "Nexsan, Falconstor team up for a greener data dedupe process".
- ^ "Nexsan and Falconstor outspin Data Domain". The Register.
- ^ "2011 Need To Know: Storage Vendors". CRN.
- ^ FalconStor Bribed JPMorgan Chase Executives, Data Storage Company Fined Millions. Huffington Post. 06/28/2012
- ^ "SEC Charges Falconstor for bribery". June 29, 2012. Archived from the original on May 11, 2013. Retrieved Jul 16, 2013.
- ^ "Nasdaq to delist LI software company stock". Newsday. Retrieved 2017-09-22.
- ^ "FalconStor Software, Inc. (FALC) Stock Price, Quote, History & News". finance.yahoo.com. Retrieved 2019-03-22.
- ^ "FalconStor Delivers Next-Generation Data Retention and Reinstatement Solution with Technology Alliances Partner Hitachi Vantara". yahoo! finance. 23 June 2020. Retrieved 24 June 2020.
- ^ "Mastering Enterprise Data Management and Protection – FalconStor Briefing Note". StorageSwiss.com - The Home of Storage Switzerland. 2019-03-04. Retrieved 2019-03-22.
- ^ "FalconStor Software Reveals New Data Storage Container". database. 23 May 2020. Retrieved 24 June 2020.