FalconStor Software

FalconStor Software
Public
Traded as NASDAQ: FALC
Industry Computer software
Founded 2000 (2000)
New York City, U.S.
Headquarters Melville, New York, USA
Key people
 Todd Brooks[1]
(President and CEO)
Website www.falconstor.com

FalconStor Software provides data protection[2] and storage virtualization computer software.

History

FalconStor was co-founded in 2000 in New York by Computer Associates veterans[3] ReiJane Huai[4] and Wayne Lam.[5] In 2007 the company started a joint-venture with the Chinese Academy of Sciences for the Blue Whale file system.[6] The joint venture was named Tianjin Zhongke Blue Whale Information Technologies Company, located in Tianjin, China. FalconStor was listed at #5 in the Forbes 2008 list of 25 fastest growing technology companies.[7] In August 2009, FalconStor, in a joint-venture with Nexsan to create the co-branded DeDupe SG.[8][9] In 2011 CRN added FalconStor to their List of 25 “Need to Know: Storage Vendors”.[10]

In 2012, the company has 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 with restricted stock shares and golf memberships in exchange for contracts.[11] The company was further charged with falsifying its corporate books and records associated with the bribery.[12]

Nasdaq Capital Market announced on September 22, 2017 that FalconStor will be delisted on the exchange on September 25, 2017. The company's stock will instead be traded on OTC Markets Group Inc.’s OTCQB Venture Market.[13]

References

  1. ↑ "FalconStor Software hires new CEO, Quinn to resign". 1 July 2017. Retrieved 26 January 2018.
  2. ↑ "FalconStor Software Announced Comprehensive Upgrade Of Its Suite Of Data Protection Solutions". FNN online. October 27, 2007. Retrieved August 22, 2011.
  3. ↑ LIBN Staff (February 15, 2002). "Talent pool". Long Island Business News. Retrieved January 15, 2012.
  4. ↑ "EXECUTIVE PROFILE: ReiJane Huai". Bloomberg Businessweek. January 15, 2012. Retrieved January 15, 2012.
  5. ↑ "EXECUTIVE PROFILE: Wayne Lam". Bloomberg Businessweek. January 15, 2012. Retrieved January 15, 2012.
  6. ↑ James Rogers (October 27, 2007). "FalconStor Launches China Venture". Network Computing. Retrieved July 15, 2011.
  7. ↑ John J. Ray; Paul M. Murdock (January 24, 2008). "America's 25 Fastest-Growing Tech Companies". Forbes.com. Retrieved December 23, 2011.
  8. ↑ "Nexsan, Falconstor team up for a greener data dedupe process".
  9. ↑ "Nexsan and Falconstor outspin Data Domain".
  10. ↑ "2011 Need To Know: Storage Vendors". CRN.
  11. ↑ FalconStor Bribed JPMorgan Chase Executives, Data Storage Company Fined Millions. Huffington Post. 06/28/2012
  12. ↑ "SEC Charges Falconstor for bribery". June 29, 2012. Retrieved Jul 16, 2013.
  13. ↑ "Nasdaq to delist LI software company stock". Newsday. Retrieved 2017-09-22.
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