FalconStor Software

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FalconStor Software
Public
Traded asOTC:FALC
IndustryComputer software
Founded2000; 19 years ago (2000)
New York City, U.S.
HeadquartersAustin, Texas, USA
Key people
Todd Brooks[1]
(President and CEO)
Websitewww.falconstor.com

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

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]

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.[16]

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]

References[edit]

  1. ^ "FalconStor Software CEO talks rebuilding, rebranding". 28 Nov 2018. Retrieved 22 March 2019.
  2. ^ "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. Retrieved January 15, 2012.
  6. ^ "EXECUTIVE PROFILE: Wayne Lam". Bloomberg Businessweek. January 15, 2012. Retrieved January 15, 2012.
  7. ^ James Rogers (October 27, 2007). "FalconStor Launches China Venture". Network Computing. 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".
  10. ^ "Nexsan and Falconstor outspin Data Domain".
  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. 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 Software CEO talks rebuilding, rebranding". SearchDataBackup. Retrieved 2019-03-22.
  17. ^ "Mastering Enterprise Data Management and Protection – FalconStor Briefing Note". StorageSwiss.com - The Home of Storage Switzerland. 2019-03-04. Retrieved 2019-03-22.

External links[edit]