FalconStor to Engage With Top Technology Leaders at the HMG CIO Summit of America

MELVILLE, NY--(Marketwired - January 25, 2016) - FalconStor Software® Inc. (NASDAQ: FALC), a 15-year innovator of software-defined storage solutions, today announced its participation in the prestigious HMG CIO Summit of America to engage and strategize with other technology C-level executives regarding management, innovation and the latest technology trends.

FalconStor's Vice President of Technology, Farid Yavari, will be sitting on a discussion panel titled, " Identifying future trends that will impact the enterprise" at 1PM January 26^th in Breakout Session 4. Senior executives will focus on how innovation in enterprise IT is accelerating, driven by massive platform and technology shifts, as well as a detailed discussion around emerging technology companies and the technology areas of current interest for investment.

The CIO Summit of America is attended by more than 300 CIO/IT leaders -- delivering world-class thought leadership in a setting that promotes learning and sharing. The HMG CIO Summit of America is for CIOs and other technology leaders who want to further their knowledge around IT transformation, innovation and change as well as build a significant network of business relationships with other IT leaders.

"We are thrilled to participate in the HMG CIO Summit where our FalconStor leaders can share their own knowledge and successes as well as learn from the top thought-leaders in the technology industry," said Gary Quinn, President and CEO of FalconStor. "I believe it is tantamount that executives from different areas of technology connect with each other to share and deliver high quality and useful information that can be developed into actionable plans."

Other sessions at The HMG CIO Summit of America will include discussions around the cloud; social enterprise; the ubiquitous mobile workforce; strategic sourcing and business analytics.

About HMG Strategy, LLC

HMG Strategy is the world's foremost provider of pioneering networking events and thought leadership to support the 360-degree needs of the CIO/IT leader. Our regional CIO Executive Leadership series, newsletters, authored books and the recently launched Research and Resource Center (RRC) deliver proprietary research on leadership, innovation and transformation. The HMG Strategy global network of more than 110,000 senior IT executives, industry experts and world class thought leaders is the strongest, most trusted network of executives. Additionally, our partnerships with the world's leading search firms provide vital insights into the changing role of the CIO.

Key Areas of Focus Include:

• Strategy, Process Improvement and Alignment
• Innovation and Technology
• Career Management and Leadership Development
• Transformational Leadership
• Innovation and Growth Strategies
• Creating and Maintaining Trust and Relationships with CXOs
• Career Management and Development

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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