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FALCONSTOR® APPOINTS HERB SIEGEL AS VICE PRESIDENT & GENERAL MANAGER OF SALES FOR THE AMERICAS

Technology Industry Sales Expert Returns to FalconStor to Drive Growth in North America and Latin America

MELVILLE, N.Y., January 13, 2014 — FalconStor Software, Inc. (NASDAQ: FALC), a market leader in data protection and migration, is pleased to announce the appointment of Herb Siegel as vice president and general manager of sales for the Americas, including North America and Latin America. Siegel brings to FalconStor more than 25 years of experience, with a focus on enterprise technology sales, working with companies including Sterling Infosystems, CA Technologies, and ePlus Systems. He also, in the past, served as vice president of enterprise business for FalconStor. In his new role, Siegel will be responsible for growing and maintaining the company’s customer base in the Americas, including direct- and channel-sales initiatives. Siegel will be based at FalconStor’s global corporate headquarters in Melville, NY, reporting directly to the president and CEO, Gary Quinn.

“Herb is a great addition to the management team here at FalconStor,” said Gary Quinn, President and CEO, FalconStor. “He is an outstanding leader who always puts the customer first, while maintaining a strong team environment that delivers results. I’m confident that Herb will be an invaluable asset to FalconStor as we begin a new phase in our company, with a new branding campaign and innovative new technologies to be introduced this year. This is an incredible time to be a part of FalconStor.”

“FalconStor has established a strong foothold in the marketplace, especially in the healthcare, financial and government sectors. I’m looking forward to building upon this foundation, and working with customers and partners to enhance awareness of the award winning technology solutions offered by FalconStor for data protection and migration,” said Siegel.

Most recently, Siegel served as executive vice president of sales for Sterling Infosystems, where his sales team is credited with Sterling being recognized by Crain's as one of the 50 Fastest Growing Companies in New York City. Prior to Sterling, Siegel was senior vice president of sales and business development for ePlus Inc., a FalconStor channel partner. Before ePlus, Siegel held roles with The Business Acceleration Group, LLC and FalconStor. Siegel also spent 17 years with CA Technologies where he held senior management roles in software development, sales and marketing.

A Melville resident, Siegel holds a Bachelor's Degree in Business Administration with a concentration in computer science from Adelphi University.

About FalconStor Software
FalconStor Software, Inc. (NASDAQ: FALC) is a 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).

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FalconStor and FalconStor Software are either 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.

Links to websites or pages controlled by parties other than FalconStor are provided for the reader’s convenience and information only. FalconStor does not incorporate into this release the information found at those links nor does FalconStor represent or warrant that any information found at those links is complete or accurate. Use of information obtained by following these links is at the reader’s own risk.

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