FalconStor is a data management software company based in Austin, Texas.
History
FalconStor was co-founded in 2000 in New York by
Computer Associates
CA Technologies, formerly known as CA, Inc. and Computer Associates International, Inc., is an American multinational corporation headquartered in New York City. It is primarily known for its business-to-business (B2B) software with a product po ...
veterans ReiJane Huai
and Wayne Lam. In 2007 the company started a joint-venture with the
Chinese Academy of Sciences
The Chinese Academy of Sciences (CAS); ), known by Academia Sinica in English until the 1980s, is the national academy of the People's Republic of China for natural sciences. It has historical origins in the Academia Sinica during the Republi ...
for the
Blue Whale file system.
The joint venture was named Tianjin Zhongke Blue Whale Information Technologies Company, located in
Tianjin
Tianjin (; ; Mandarin: ), alternately romanized as Tientsin (), is a municipality and a coastal metropolis in Northern China on the shore of the Bohai Sea. It is one of the nine national central cities in Mainland China, with a total popu ...
,
China. FalconStor was listed at #5 in the Forbes 2008 list of 25 fastest growing technology companies. In August 2009, FalconStor, in a joint-venture with Nexsan to create the co-branded DeDupe SG. In 2011 CRN added FalconStor to their List of 25 “Need to Know: Storage Vendors”.
In 2012, the company agreed to pay $5.8 US million as part as a federal investigation settlement, after it has admitted that its employees gave more than $300,000 in bribes to executives at
JPMorgan Chase
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the ...
with restricted stock shares and golf memberships in exchange for contracts. The company was further charged with falsifying its corporate books and records associated with the
bribery.
On September 25, 2017, FalconStor was delisted from
Nasdaq Capital Market
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
. The company's stock is traded on
OTC Markets Group Inc.’s OTCQB Venture Market.
In June 2020, FalconStor partners with Hitachi Content Platform (HCP) to provide end-to - end data management and backup solutions.
Personnel
On August 17, 2017, FalconStor appointed Todd Brooks as CEO. Previously, he served as COO of ESW Capital companies Aurea Software and Trilogy.
In 2018, FalconStor moved its headquarters to Austin, Texas, and hired Brad Wolfe, former CFO for Asure Software, as CFO.
Products
In 2019, FalconStor launched its Data Mastery software platform (a rebrand of its FreeStor product).
In May 2020, FalconStor Software announced a new tool named StorSafe, an enterprise-class permanent data storage container that combines with existing recovery applications and archive processes.
References
External links
*
{{DEFAULTSORT:Falconstor
Companies formerly listed on the Nasdaq
Companies traded over-the-counter in the United States
Software companies based in New York (state)
Software companies based in Texas
Software companies established in 2000
2000 establishments in New York (state)
Companies based in Austin, Texas
Software companies of the United States