New Program Will Actively Seek a Select Number of Partners for Increased Revenue and Growth Opportunities

MELVILLE, N.Y., June 12, 2014 — Acolyst, the newly appointed federal distributor of global data storage leader FalconStor Software®, is proud to launch the Acolyst | FalconStor Federal Partner Program. As the exclusive distributor of FalconStor’s award-winning data protection products to the federal government space, Acolyst will manage the program and actively recruit a limited number of qualified solution providers.

Partners and solution providers who are selected to participate in the Acolyst | FalconStor Federal Partner Program, will get access to FalconStor’s patented products and solutions, and gain the support of Acolyst in identifying and responding to new business opportunities. The Acolyst team, as led by Vice President Valeh Nazemoff, will support partners with marketing, proposal writing, joint tradeshows, events, training, technical and contract support. Acolyst has over 25 years of experience with federal government contracting, including widespread government-wide acquisition vehicles including GSA IT Schedule.

Nazemoff comments, “We realize there are many choices out there when it comes to distribution. What differentiates our federal partner program is quite simple – Acolyst is much more than a distributor. Our team is committed to growing FalconStor’s federal business and the reach of its federal partners through a solid knowledge of the business and its solutions. FalconStor and the federal partners can depend on Acolyst's support to uncover new opportunities and accomplish targeted goals of increased profitability.”

FalconStor CEO Gary Quinn added, “The government technology market is facing increased demand for data protection and data management tools, while experiencing dwindling IT resources. To that end, today’s solution providers need a true partner who is passionate about helping them build their business. Partnership is the concept behind the Acolyst | FalconStor Federal Partner Program. By combing our innovative technology with Acolyst’s business know-how in the federal government arena, we are offering partners and customers a unique and powerful solution to meet all of their data management needs.”

To kick-off the Acolyst | FalconStor Federal Partner program, an event will be hosted on Thursday, June 19, 2014 from 4-8 pm ET in Northern Virginia. Solution providers are invited to learn more about the program, speak with the CEOs of FalconStor and Acolyst, and fill out an application to potentially join the program. Visit acolyst.com/slideshow/falconstorlaunchevent/ , e-mail falconstor@acolyst.com or call 844-FED-FALC (844-333-3252) for more information.

About Acolyst
Acolyst has been providing high-level business and technology management consulting services to the U.S. Government for over 25 years. A family-owned and operated firm, Acolyst prides itself on approaching its business relationships with passion and excitement – something not often seen in the consulting world. In addition to possessing a team well versed in solution integration, distribution and software manufacturing, Acolyst’s Ellie and Valeh Nazemoff were just named to CRN’s 2014 Women of the Channel Power 50 Solution Providers List. Acolyst intimately understands the unique challenges faced by federal clients and can deftly navigate through complex systems, processes and red tape to achieve lasting, impactful results. Often, the government sector is challenged to optimize its assets, frequently in a short timeline, and Acolyst’s blend of consulting expertise and cutting-edge technology enables clients to exceed their goals. In addition to working with junior and senior levels of government management, Acolyst has federal contracts to provide exceptional Data & IT Governance, Business & IT Performance, GRC & Legal, Data Management and Technology solutions. Acolyst is headquartered in Stafford, VA. For more information, visit www.acolyst.com or call 1-844-ACOLYST (844-226-5978).

About FalconStor Software
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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