FreeStor Nominated for Another 2015 Storage Product of the Year Award

MELVILLE, NY--(Marketwired - February 01, 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 nominated for Storage Product of the Year 2015 by Network Computing UK. Network Computing UK nominates companies that are innovative, offer expanded business opportunities in their industries with the latest trends such as software-defined storage and have been noted as being outstanding and reliable -- moving the industry forward. Awards are judged by industry peers on the Network Computing Awards site.

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 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 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.

"Being nominated for Network Computing's Storage Product of the Year is a very prestigious honor," said Iris Hatzenbichler, Director, Marketing EMEA for FalconStor. "Network Computing looks at solutions and architectures that help companies progress and achieve their IT vision and goals for the year. We strive to empower organizations to modernize their data center with the right performance so they may protect existing investments."

Gary Quinn, FalconStor President, and CEO, commented, "We are very pleased to be recognized by our peers with this nomination from Network Computing UK. Organizations around the world continue to discover how FreeStor is best suited to providing greater efficiencies, reducing downtime, lowering costs and improving simplicity over other solutions available. We are grateful for the acknowledgment, and look forward to ensuring that this new paradigm in data services continues to remain the best storage product for years to come."

The results will be revealed at an evening ceremony on March 17th at the Hotel Russell in London. Colleagues may vote here: http://www.networkcomputingawards.co.uk/.

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.