FalconStor Attracts Two Distinguished IT Executives as Company Continues to Innovate and Product Traction Grows

MELVILLE, NY--(Marketwired - September 29, 2015) - FalconStor Software® Inc. (NASDAQ: FALC), a 15-year innovator of software-defined storage solutions, today announced it has appointed Farid Yavari as Vice President of Technology and Surajit Sengupta as Senior Product Manager. Both joined FalconStor based on the company's vision, the global adoption of FreeStor®, and the desire to contribute to FalconStor's ability to deliver software-defined storage without boundaries.

For nearly two decades, FalconStor has helped businesses migrate, protect, recover, and optimize data. These two new executive hires are key stakeholders that are tasked to help take FalconStor into the next phase of growth and continued innovation in the software-defined storage marketplace. Both Yavari and Sengupta will be on the forefront of the definition, design and management of the next generation of FreeStor solutions.

"Farid and Surajit have tremendous experience in design as well as management," said Robert Zecha, Executive Vice President and CPO of FalconStor. "Both executives have been recognized in the storage and IT communities, and we believe their exceptional experience will be an enormous asset as we take our company into the next phase of our product and company growth strategy."

Prior to FalconStor, Yavari worked as a Senior Architect for eBay and PayPal Inc. in San Jose, California as well as a Senior IT Architect for Hewlett Packard. Yavari was also an IT Consultant for Maya Systems, in San Carlos, California and the IT Director for Webvan.com in Foster City, California. Yavari began his career as a UNIX Systems Administrator for Philips Semiconductors in Sunnyvale, California.

Yavari holds a B.S. in Computer Science from the University of Applied Sciences in Wedel, Germany and is also certified by the HP Education Center in both HP-Service Guard/High Availability and the HP-UX System Administration. Among his many achievements, he has been a keynote speaker at the Stanford University Electrical Engineering Department in 2015 and a Hewlett Packard Technical Forum Speaker in 2006.

Sengupta has had a long and varied career in product development and engineering management of enterprise software and hardware products. He has worked for major technology companies, including Sun Microsystems, Dell and Hewlett Packard. Most recently Sengupta was the Senior Product Manager at EMC, Santa Clara, California, and the Data Optimization Product and Program Manager at Dell in San Jose, California. In addition, Sengupta was a Storage Architect for LAN Power System in San Jose, California.

Sengupta holds a bachelor of science of Electrical Engineering from BIT in India as well as a Master of Science in Electrical Engineering from San Jose State University in California.

About FalconStor
FalconStor Software®, Inc. (NASDAQ: FALC) is a leading software-defined storage company offering a converged data services software platform that is hardware agnostic. Our open, integrated flagship solution FreeStor® reduces vendor lock-in and gives enterprises the freedom to choose the applications and hardware components that make the best sense for their business. We empower organizations to modernize their data center with the right performance, in the right location, all while protecting existing investments. FalconStor's mission is to maximize data availability and system uptime to ensure nonstop business productivity while simplifying data management to reduce operational costs. Our award-winning solutions are available and supported worldwide by OEMs as well as leading service providers, system integrators, resellers and FalconStor. The company is headquartered in Melville, N.Y. with offices throughout Europe and the Asia Pacific region. For more information, visit www.falconstor.com or call 1-866-NOW-FALC (866-669-3252).

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