New Executives Strengthen FalconStor’s Worldwide Finance, Operations and Sales

Complete Management Team Now in Place to Achieve the Next Level of Market Leadership

MELVILLE, N.Y.--()--FalconStor Software, Inc. (NASDAQ: FALC), the market leader in disk-based data protection solutions, today announced that it has strengthened its worldwide finance, operations and sales management with the appointment of Bryan Urquhart as chief financial officer, Jim Weber as vice president of operations, Philippe Bernard as general manager and vice president of sales and marketing in Europe, Middle East and Africa (EMEA), and Suresh Nair as vice president of sales and marketing for the Asia Pacific region (APAC).

The new executive appointments complete and fortify FalconStor’s core management team and are designed to drive company expansion, enhance worldwide operations and accelerate sales momentum. Urquhart will head up global finance. Bernard and Nair will oversee FalconStor’s international sales and marketing, furthering the company’s market penetration and leadership.

“With these key appointments, we have succeeded in developing a world-class leadership team that should guide the company to greater innovation and growth,” said Jim McNiel, president and CEO of FalconStor. “The high quality, keen intellect and broad level of industry experience of the talent we have attracted support our vision of becoming a world leader in data protection – while validating our competitive position and market opportunity.”

Urquhart, an experienced finance and operations executive with 20 years of experience, most recently served as executive vice president and chief financial officer at Intergraph Corporation, where he improved the company’s annual cash flow and profitability and completed its strategic $2 billion sale. Prior to Intergraph, Urquhart was the senior vice president of worldwide operations and finance at Computer Associates, Inc. (CA), where he managed strategic planning, development and business operations. Urquhart joined CA after its acquisition of Sterling Software, where he was vice president and CFO of the storage management division.

Bernard has more than 20 years of experience in storage and technology sales throughout Europe. During his 10 years at Brocade Communications, he directed international sales in positions across Europe, the Middle East and Eastern Europe. Most recently, while serving as regional sales director, Bernard expanded the sales team and defined a new channel strategy that led to above-quota performance and 45 percent revenue growth in the 2010 fiscal year.

Nair has extensive storage sales experience, most recently as EMC’s regional sales director for Asia Pacific and Japan. At EMC, he established and led a regional sales team within the unified storage business and influenced the channel strategy resulting in an 85 percent year-on-year growth in fiscal year 2010. Nair was regional director of the Association of Southeast Asian Nations (ASEAN) for NetApp, Inc., regional sales director for ASEAN/India at McData Corporation, and regional business director in Asia Pacific for Hewlett Packard.

About FalconStor Software

FalconStor Software, Inc. (NASDAQ: FALC) is the market leader in disk-based data protection. The company’s mission is to transform traditional backup and disaster recovery into next-generation service-oriented data protection. Built upon an award-winning platform, FalconStor solutions deliver disk-based backup, continuous data protection, WAN-optimized replication and disaster recovery automation. FalconStor solutions are available through a worldwide network of partners, including solution providers, top-tier strategic partners and major OEMs. Thousands of customers worldwide, from small businesses to Fortune 100 enterprises, entrust their data to FalconStor solutions. FalconStor maintains headquarters in Melville, N.Y., and offices throughout Europe and the Asia Pacific region. For more information, visit www.falconstor.com or call 1-866-NOW-FALC (866-669-3252).

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 data protection industry; competition in the data protection market; results and costs associated with governmental investigations; 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.

FalconStor and FalconStor Software are registered trademarks of FalconStor Software, Inc. in the US and other countries. All other company and product names contained herein may be trademarks of their respective holders.

Contacts

FalconStor Software, Inc.
Roman Kichorowsky, 631-773-4303
roman.kichorowsky@falconstor.com
or
Metis Communications
Melissa Cohen, 617-236-0500
melissa@metiscomm.com

Release Summary

FalconStor Software, Inc. announced that it has expanded its worldwide finance, operations and sales executive management team.

Contacts

FalconStor Software, Inc.
Roman Kichorowsky, 631-773-4303
roman.kichorowsky@falconstor.com
or
Metis Communications
Melissa Cohen, 617-236-0500
melissa@metiscomm.com