SOURCE: FalconStor Software, Inc.

January 26, 2016 08:35 ET

FalconStor Provides Argentinian MSP with Comprehensive Data Services Platform as a Key Differentiator Against Competitive Offerings in Rapidly Growing Marketplace

FreeStor's Intelligent, Flexible, Cost-effective Technology Platform Delivers Critical Services for Imptech Customers in Finance, Healthcare and Insurance Verticals

MELVILLE, NY--(Marketwired - January 26, 2016) - FalconStor Software® Inc. (NASDAQ: FALC), a 15-year innovator of software-defined storage solutions, today announced that Argentina-based managed service provider Imptech has selected the FreeStor® platform as a way to extend the value of its portfolio of offerings provided to customers in three key vertical markets.

Imptech offers technical and operational support tailored to the needs of clients in the financial, healthcare and insurance industries. As Argentina's technology market continues to grow and innovate, there is an increased feeling amongst many organizations within the country for the need to modernize and take their IT departments to the next level. In this climate of innovation and growth, Imptech began reevaluating its capabilities in order to provide a better portfolio of technologies for its customers.

With its comprehensive set of unified data services, FreeStor provides Imptech with the ability to manage its customers' data with greater simplicity, tighter control, maximum efficiencies and lower costs while standardizing critical data protection on a single solution platform for its key industry customers.

"Our customers in the three verticals we support, especially in finance, are looking for differentiators -- ways to separate out the various managed service providers and pick the one with the most critical technologies and varied support," said Gabriel Enzo Gagliardi, Imptech CEO. "Our clients needed a solution that could promote better utilization, reducing overall storage costs and migrate data seamlessly when the need arises. We felt the FreeStor platform could provide our customers with an intelligent and flexible technology layer that enables common, efficient and cost-effective storage services, and centralized management of storage resources across an organization."

FreeStor's horizontal architecture unlocks a new era of storage opportunities, allowing IT managers, MSPs and CSPs to maximize efficiencies and lower costs while taking advantage of public cloud, hybrid cloud, flash storage and Software-Defined Storage. FalconStor's groundbreaking Intelligent Abstraction® approach delivers seamless access and unified data services across entire storage infrastructures without having to invest in new technology, or to rip and replace existing platforms.

"Our goal is to offer growing MSPs like Imptech the best possible combination of tools available to ensure their success," said Gary Quinn, FalconStor President and CEO. "This means providing them with access to a comprehensive solution that both minimizes complexities and reduces the costs of data services. By allowing their customers access to FreeStor's storage, continuity, recovery and optimization platform, Imptech is positioned to provide greater efficiencies, reduced downtime and lower costs for all of their clients."

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.

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