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falconstor software inc (FALC) Key Developments

FalconStor Software Inc. Announces Availability of Unified Solution for Improving Backup and Deduplication

FalconStor Software Inc. announced the general availability of a new, unified solution for improving backup and deduplication. The Optimized Backup and Deduplication Solution 8.0 takes the functionality of two of FalconStor's existing products, VTL (Virtual Tape Library) and FDS (File-interface Deduplication System), and combines them into a single platform with a common user interface. This unified platform approach delivers cost savings of up to 50%, while improving performance up to 65% to get more done in less time. FalconStor Optimized Backup and Deduplication Solution 8.0 allow users to manage both block and file backup and deduplication on a single node, requiring 50% less hardware. The deduplication solution also reduces needed storage capacity by up to 95%, further lowering solutions costs. The enhancements also include a new cascading feature that enhances disaster tolerance, further ensuring a critical company asset, data, is available when it's needed. Patented-WAN optimized, deduplicated replication makes data transfers and recoveries faster, while reducing WAN costs and overhead by as much as 95%. FalconStor Continuous Data Protector (CDP) 7.6 and Network Storage Server (NSS) 7.6 are also generally available. CDP 7.6 has been updated to eliminate the backup window and to recover data in minutes instead of hours, while offering automated recovery for Microsoft Windows, Linux and VMware and Hyper-V servers. NSS 7.6 offers storage virtualization to reduce storage capital and management costs by over 50%. FalconStor Optimized Backup and Deduplication 8.0 and FalconStor Migration, Continuity, Protection & Recovery 7.6 solutions are available immediately as software, an integrated appliance, or a gateway using existing storage. Software only MSRP starts at: Optimized Backup and Deduplication 8.0 software - $24,161 - Inclusive of 12 TB's of capacity and 3 years of maintenance and upgrades NSS/CDP 7.6 software - $18,585 USD inclusive of 10 TB's of capacity and 3 years of maintenance and upgrades.

Falconstor Software Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Falconstor Software Inc. reported earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported a net income attributable to the common stockholders of $576,864 or $0.01 per basic and diluted share compared to a net loss attributable to the common stockholders of $2,346,276 or $0.05 per basic and diluted share a year ago. Total revenues were $14,647,510 compared to $22,487,683 a year ago. Operating loss was $1,013,425 compared to $1,670,551 a year ago. Loss from operations was $1,013,425 compared to $1,670,551 a year ago. Non-GAAP income from operations was $810,096 compared to $817,022 a year ago. Non-GAAP net income was $570,907 or $0.01 per basic and diluted share compared to $141,297 or $0.00 per basic and diluted share a year ago. Income before income taxes was $901,879 compared to loss before income taxes of $2,050,757 for the same period a year ago. For the year, the company reported a net loss attributable to the common stockholders of $11,276,473 or $0.24 per basic and diluted share compared to $14,984,321 or $0.32 per basic and diluted share a year ago. Total revenues were $58,636,504 compared to $75,410,969 a year ago. Operating loss was $13,600,484 compared to $13,674,903 a year ago. Non-GAAP loss from operations was $7,915,416 compared to $8,615,793 a year ago. Non-GAAP net loss was $9,466,520 or $0.20 per basic and diluted share compared to $9,925,211 or $0.21 per basic and diluted share a year ago. Income before income taxes was $12,506,358 compared to loss before income taxes of $14,197,914 for the same period a year ago.

Falconstor Software Inc. Announces Enhanced PartnerChoice Program

FalconStor Software Inc. launched a redesigned PartnerChoice Partner Program to offer improved incentives and support for its solution providers, service providers, distributors and alliance partners. The company's PartnerChoice Program now offers two levels: Affiliate and Premier, with new revenue goals, increased discounts and rebates, deal registration, flexible web-based training and certifications, as well as enhanced co-marketing and sales tools available through the company's partner portal. The company Premier Partners will be required to achieve annual revenue targets, dedicate a The company account manager, undergo sales training as well as system engineer/solution architect certification, and participate in regular business plan reviews. Premier Partner benefits include: maximum discounts, value incentive rebates with quarterly payouts, 24X7 support, lead referrals, not-for-resale trial software, and improved visibility though co-branded marketing. Premier Partners will also be invited to participate in the Partner Advisory Council that the company plans to implement over the next year. The companies Affiliate Partners have to achieve annual revenue targets, undergo training, and will be offered discounts as well as greater access to sales and support. Affiliate Partners also have the ability to be promoted to Premier Partner once they meet the program requirements. All partners will have access to PartnerPlace, a partner portal that features special sales incentives, courseware, and an array of sales tools to help position and sell the company technology. These tools include self-guided demos, presentations, competitive analyses and more, all helping to streamline the sales process, cut costs, improve productivity, and attract and retain new business. In addition, PartnerPlace provides access to deal registration allowing users to register and track leads to protect pending deals. As part of the new program, the company will also update the way it works with third-party technology providers to ensure that goals are aligned and are being supported by both parties. The company will also be actively pursuing new technology alliances as appropriate.

Falconstor Software Inc., Q4 2013 Earnings Call, Feb 13, 2014

Falconstor Software Inc., Q4 2013 Earnings Call, Feb 13, 2014

Falconstor Software Inc. to Report Q4, 2013 Results on Feb 13, 2014

Falconstor Software Inc. announced that they will report Q4, 2013 results After-Market on Feb 13, 2014

 

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