FreeStor Software-Defined Storage and Data Services Platform Now Available Worldwide

MELVILLE, N.Y., May 6, 2015 /PRNewswire/ -- FalconStor Software Inc. (NASDAQ: FALC) today announced general availability of FreeStor™, the first truly horizontal, software-defined storage platform for unified data services. To celebrate this milestone, 15 years of innovation, and continued company growth, FalconStor president and CEO Gary Quinn will ring the NASDAQ closing bell today. To ensure a smooth global product roll-out, effective today, the FreeStor platform is available for limited distribution through certain geographies direct from FalconStor and local FalconStor partners. On June 3, 2015, FreeStor will be globally available for full distribution direct from FalconStor, local partners, OEM partners and Alliance partners.

FreeStor adds a core Intelligent Abstraction™ layer that utilizes virtualization, data services and policy-based automation to de-couple applications, data, and workloads from physical hardware, networks and protocols. FreeStor virtualizes almost any storage environment – modern or legacy, virtual or physical – to deliver data services like data mobility, always-on business continuity, high availability, data protection, recovery, optimization, and provisioning across the unified storage pool to help enable the path to the software-defined data center.

Designed to free businesses from complexities and unnecessary expense, FreeStor harnesses all storage resources (arrays, servers, hypervisors, data centers, and the cloud) regardless of type, connectivity, brand or speed, and provides a single management view that eliminates the complexity and incompatibilities of managing storage as point solutions – all for a single price based on capacity. With FreeStor, users can convert legacy storage to converged infrastructures while preserving existing investments, introduce new technologies such as flash, and gain an on-ramp to private and hybrid clouds.

"FreeStor is a landmark achievement with the capability to change the economics of the industry, and the commodity hardware market, by enabling legacy environments to be modernized into 100 percent agnostic software-defined storage architectures," said Quinn. "With FalconStor celebrating our 15^th anniversary in business, FreeStor represents the culmination of the company's original vision to simplify storage environments, while empowering customers to choose and integrate new technologies for maximum overall value. It is also our entryway into new global markets where storage infrastructures are looking for simplicity and better ROI."

"As the industry moves to storage networks built on commodity hardware and differentiated by software and services, technologies like FreeStor are effective at not only simplifying data management and protection, but freeing the business from vendor-specific solutions and constraints," said David Floyer, Co-Founder and CTO, Wikibon, a Marlborough, Mass.-based research and analysis firm. "Anything that contributes to software-defined storage is welcomed by the market, and in particular by channel and storage suppliers who need greater flexibility in designing solutions."

The FreeStor platform includes all data management services for an annual subscription based price-per-terabyte model that includes 24 x 7 support, basic installation and any software upgrades. MSRP pricing starts at $.03/GB per month ($350/TB per year). To see additional quotes from FalconStor customers, MSPs, channel partners and OEMs: http://falconstor.com/release/1373/freestor-software-defined-storage-and-data-services-platform-now-available-worldwide
To learn more or request a quote visit http://freestor.net or contact one of our FalconStor Partners.

About FalconStor
FalconStor Software Inc. (NASDAQ: FALC) is transforming how enterprises move, store, protect and optimize data. Founded in 2000, FalconStor offers an award-winning platform for data migration, business continuity, disaster recovery, optimized backup and deduplication. FalconStor helps maximize data availability and system uptime to ensure nonstop business productivity, while simplifying data management to reduce operational costs. Our open, integrated software solutions reduce vendor lock-in and give enterprises the freedom to choose the applications and hardware components that make the best sense for their business. FalconStor solutions are available and supported by OEMs, as well as leading system integrators and resellers worldwide. FalconStor 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, and FreeStor 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.

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SOURCE FalconStor Software, Inc.

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