January 2008 — FalconStor Software, Inc. (NASDAQ: FALC), the market leader in disk-based data protection solutions, has placed #5 on Forbes´ annual list of America´s 25 Fastest-Growing Technology Companies. The list ranks technology companies whose sales growth, profitability, and earnings forecasts make them strong candidates for maintaining outstanding growth during the coming year and beyond.
Companies named to the Forbes Technology List must have at least 10% annualized sales gains over the past five years. In addition, candidates must be profitable over the past 12 months and have Thomson IBES consensus earnings forecasts of at least 10% annualized earnings growth over the next three to five years. Forbes also requires that companies named to the list have at least $25 million in sales over the past four quarters, no significant legal problems or accounting or corporate governance issues.
“FalconStor is honored to be recognized by such a prestigious media group as Forbes,” said ReiJane Huai, President and CEO of FalconStor. “We have worked hard to maintain double-digit annual growth, cutting-edge technology, a strong distribution channel, and a positive projected forecast for years. We are very pleased that this recognition by Forbes will make others aware of FalconStor´s track record and projections as we move toward the future.”
About FalconStor
FalconStor Software, Inc. (NASDAQ: FALC) is the market leader in disk-based data protection. We deliver proven, comprehensive data protection solutions that facilitate the continuous availability of business-critical data with speed, integrity, and simplicity. Our TOTALLY Open™ technology solutions, built upon the award-winning IPStor® virtualization platform, include the industry leading Virtual Tape Library (VTL) with Single Instance Repository (SIR) for de-duplication, Continuous Data Protector™ (CDP), Storage Virtualization, and Replication for disaster recovery and remote office protection. Our products are available from major OEMs and solution providers including IBM, EMC, SUN, Acer, Brocade, H3C, MPC, and Pillar Data Systems and are deployed by thousands of customers worldwide, from small businesses to Fortune 1000 enterprises.
FalconStor is headquartered in Melville, N.Y., with offices throughout Europe and the Asia Pacific regions including Paris, Tokyo and Taiwan. For more information, visit
www.falconstor.com or call 1-866-NOW-FALC (866-669-3252).
FalconStor, FalconStor Software, and IPStor are registered trademarks, and TOTALLY Open and Continuous Data Protector are trademarks of FalconStor Software, Inc. All other company and product names contained herein may be trademarks of their respective holders.
This press release includes forward-looking statements that involve risk and uncertainties that could cause actual results to differ materially from the forward-looking statements. These risks and uncertainties include: delays in product development; market acceptance of FalconStor´s products and services; technological change in the storage and networking industries; competition in the network storage software market; the potential failure of FalconStor´s OEM partners to introduce or to market products incorporating FalconStor´s products; intellectual property issues; and other risk factors discussed in FalconStor´s reports on Forms 10-K, 10-Q and other reports filed with the Securities and Exchange Commission.