FalconStor Expands Executive Team with Technology Strategist and Product Development Veteran

David Morris joins as vice president of global product strategy and marketing

AUSTIN, TEXAS (July 30, 2019) - FalconStor Software, Inc. (OTCQB: FALC), which provides the world's only hardware-agnostic software platform for comprehensive data management, today announced the appointment of David Morris to its global executive team as vice president of global product strategy and marketing. Morris will manage an international team of product development and marketing professionals to capitalize on emerging storage and data management opportunities by leveraging FalconStor's award-winning products, its trove of intellectual property, and its capacity for innovation.

Morris has spent 25 years developing and delivering pioneering compute, networking, storage, and data management products and services. His expertise includes developing new technology strategies and creating new products to help enterprise and startup companies maneuver through significant market shifts. Before FalconStor, he most recently worked in the emerging container virtualization market as vice president of strategy and marketing. Morris has also served in various senior strategy, product development, and marketing positions at EMC, VMware, Pillar Data, and Huawei. His successes include creating the high-performance NAS market, conceiving the Tier 3 utility storage market, and pivoting into the emerging enterprise eDiscovery market.

"We are delighted to add David to our executive team as we position the company to deliver new capabilities, products, and services. His proven market insights will help drive FalconStor's high-growth strategy and expand our industry leadership," said Todd Brooks, chief executive officer, FalconStor. "David has an excellent track record and broad experience in both startup and FORTUNE 500 companies for consistently finding and developing new markets and cutting-edge products. With a long history of providing the best data management solutions, FalconStor will continue to drive innovation with David's contributions."

"I'm pleased to join FalconStor at this important junction in the company's history," said Morris. "Throughout my career, I have been a FalconStor customer, partner, and competitor. I have a great appreciation and respect for its visionary products, market foresight, and the enthusiastic customer loyalty that they have consistently generated. The company has always been an ingenious innovator in the data management market, and I look forward to working with such a great team."

Morris holds graduated degrees in finance, engineering, and marketing from Columbia University, George Washington University, and the University of California, Berkeley, respectively, as well as a degree in physics from Auburn University.

About FalconStor

FalconStor Software, Inc (OTCQB: FALC) empowers IT professionals to achieve mastery of their data – an organization’s most precious asset – so they can responsibly push the boundaries of what’s possible in the digital economy. The company’s award-winning flagship solution, FalconStor® Data Mastery Platform, is a modern, comprehensive and easy-to-use data mastery software platform that gives IT professionals centralized data management control across all their resources to reduce operational costs, lower risk, and avoid technology compromises. FalconStor’s vendor and hardware-agnostic solutions are designed to work with existing investments across complex environments, including legacy data centers, hyper-converged infrastructure, cloud, and hybrids.

Founded in 2000, FalconStor is headquartered in Austin, Texas and has additional offices in New York, Europe and Asia. Our solutions are available and supported by a vast network of system integrators and resellers. For more information, please visit www.falconstor.com.

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For more information, contact:

Jamie Lay, Global Marketing Manager
FalconStor Software Inc.

Georgiana Comsa
Silicon Valley PR

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