SOURCE: FalconStor Software, Inc.

January 12, 2016 08:35 ET

FreeStor Named Among the Finalists for 2015 Product of the Year

FalconStor's Flagship Software-Defined Storage Solution Is up for Top Enterprise Storage System Software Award in the 14th Annual TechTarget Competition

MELVILLE, NY--(Marketwired - January 12, 2016) - FalconStor Software® Inc. (NASDAQ: FALC), a 15-year innovator of software-defined storage solutions, today announced that that its FreeStor®, converged, hardware-agnostic, software-defined storage and data services platform, has been named a finalist in this year's Storage magazine and SearchStorage.com's Products of the Year awards in the Enterprise Storage System Software category.

Finalists were judged by a panel comprised of a cross-section of users, analysts, consultants and Storage magazine and SearchStorage.com editors. The products are rated according to their innovation, performance, ease of integration, ease of use, functionality and value. Results will be published in the February issue of Storage magazine and online.

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.

"We are thrilled to receive this recognition for the efforts of so many within our company," said Gary Quinn, FalconStor President and CEO. "We truly believe that offering organizations a single software-defined storage platform that delivers seamless control across legacy, modern and virtual environments is the way forward in our industry. And to that end, I believe that we more than delivered the benefits of greater efficiencies, reduced downtime, lower costs and improved simplicity with our cutting-edge horizontal platform architecture. So to be recognized by Storage magazine and SearchStorage.com as the top product of the year for our efforts would be fantastic validation or our vision and value we are focusing on to deliver. We are very appreciative of being named a finalist."

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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