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FALCONSTOR CEO HONORED WITH LONG ISLAND BUSINESS NEWS’ AROUND 50 AWARD

Gary Quinn Recognized for Leading FalconStor Turnaround and for Corporate Social Responsibility Initiatives

MELVILLE, N.Y., September 11, 2014 FalconStor Software® , Inc. (NASDAQ: FALC), a market leader in data protection and migration, is proud to congratulate CEO Gary Quinn on being named to Long Island Business News’ Around 50 Awards. Quinn is being recognized for his business leadership in taking steps to revitalize FalconStor, as well as for his social responsibility, both personally and professionally.

Since becoming CEO in July 2013, Quinn has led a turnaround at FalconStor. Specifically, FalconStor has refocused its product roadmap on large and medium-sized enterprise customers, has entered into a joint product development agreement with a major flash memory manufacturer and is better positioned for cloud service providers. He also helped generate brand awareness with FalconStor’s newly launched # BEFREEcampaign and restructured the sales organization to be more flexible to customers. Under Quinn’s leadership, FalconStor reported its first profitable quarter since 2009 and began receiving a positive industry response, including a recent IDC report titled, “ FalconStor Soars Again .”

“I am truly honored to receive this award,” said Quinn. “I’m proud of the many accomplishments of FalconStor Software. All of our employees and partners around the globe work diligently each and every day to contribute to our positive momentum. I’m optimistic that FalconStor is well-positioned for the future.”

Quinn also has a well-established background in corporate social responsibility, community involvement, and employee engagement. While employed at CA Technologies, Quinn worked with non-profit association Junior Achievement of Long Island, where students came to the company, within a classroom setting, to learn about science and technology careers. He also engaged thousands of employees and customers to volunteer their time with CA/KaBOOM!, a program focused on building playgrounds around the world.

Throughout his career, Quinn has gained the respect of his peers by recognizing the important role employee morale plays in business success. Over his 20-year tenure at CA, he was instrumental in developing on-site work programs that foster an improved work/life balance including on-site banking, carpooling, film development, movie rental, grocery delivery, discount employee programs, full on-site gym, chiropractor, and dry cleaning. He also developed programs to aid working parents such as childcare and nursing rooms, children’s swimming and karate lessons, summer camp, participation in Take Your Child to Work Day, and stork parking for expectant mothers.

A Long Island native, Quinn also volunteers his personal time to local needs and has been recognized for his philanthropic efforts by the Make-a-Wish Foundation, the Long Island Philharmonic, and the Rocky Point School District.

Quinn will accept his award on September 11th at the Crest Hollow Country Club.

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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FalconStor and FalconStor Software, are 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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