FalconStor Named a Finalist in Three Categories of the SVC Awards

MELVILLE, NY--(Marketwired - October 13, 2015) - FalconStor Software Inc. (NASDAQ: FALC), a 15-year innovator of software-defined storage solutions, today announced that its FreeStor^® single, converged, hardware-agnostic data service software platform has been shortlisted as a finalist in the Virtualization/Software Defined Storage Product of the Year category of the Storage, Virtualization, Cloud (SVC) Awards. Additionally, the company was named a finalist in the Storage Company of the Year and Virtualization Company of the Year categories.

The SVC Awards reward products, projects and services, as well as honor companies and teams operating in the storage, virtualization and cloud sectors. FalconStor was chosen as a finalist in each of its respective categories by a panel of respected editors and analysts. Winners will be selected by a vote form the general public, which is open now through November 13^th, and will be revealed at a gala event at the Royal Garden Hotel in Kensington, London December 3^rd.

FreeStor's horizontal architecture unlocks a new world of storage opportunities, allowing IT managers, MSPs and CSPs to maximize efficiencies and lower costs while taking advantage of cloud, hybrid cloud, flash storage and software-defined storage. A groundbreaking Intelligent Abstraction® approach delivers seamless access and unified data services across entire storage infrastructures without having to invest in new technology, or rip and replace existing platforms. Always-on availability and continuity keep businesses running while enabling them to move, synchronize and protect data seamlessly across virtual and physical storage platforms.

"We are excited to be named among the finalists of the SVC Awards in three prestigious categories," said Gary Quinn, FalconStor President, and CEO. "Since launching in May, FreeStor has taken a leadership position in the software-defined storage market and we are thrilled to see that success validated by being named among the Products of the Year. Additionally, as FalconStor celebrates its 15^th year in operations, being named as a Company of the Year in not one but two, categories is especially satisfying and reflects the hard and tireless dedication of our entire staff."

To vote for FalconStor in this year's SVC Awards, visit http://www.svcawards.com/voting.php. Additional information about the SVC Awards is available at http://www.svcawards.com.

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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FalconStor, FalconStor Software, FreeStor, and Intelligent Abstraction are trademarks or registered trademarks of FalconStor Software, Inc., in the U.S. and other countries. All other company and product names contained herein may be trademarks of their respective holders.