FreeStor is offered as an affordable, easy-to-use option for companies migrating to Telefonica’s Data Vault offerings

MELVILLE, N.Y., October 6, 2015 FalconStor Software Inc. (NASDAQ: FALC), a 15-year innovator of software-defined storage solutions, today announced that Telefonica Empresas Chile is leveraging its FreeStor® single, converged, hardware-agnostic data service software platfrom as part of its portfolio of co-location, hosting and tailor-made cloud platform solutions to help businesses boost employee productivity with the collaborative tools needed in today’s Big Data and cloud ecosystems.

Telefonica is one of the largest telecommunications companies in the world in terms of market capitalization and number of customers. From its consolidated position in the sector, and with fixed telephony and mobile broadband as key areas that support future growth, the company focuses its strategy on securing its leadership in the digital world. As the company’s first Latin American operations, Telefonica Empresas Chile has become a successful provider of telecommunications services -- broadband, digital TV and voice throughout the country. As such, it is considered a leader in providing the fiber optic network necessary to help businesses become intelligent enterprises.

With data service needs developing exponentially over the past few years, telecommunications companies like Telefonica Empresas Chile are facing increasing challenges as they see their business shift increasingly from voice to digital. With a focus on services rather than products, Telefonica is leveraging FreeStor to offer migration, replication and high availability to customers looking to move data safely and securely to its WAN2Cloud data vault.

“FreeStor is a very good solution for us,” said Luis Urzua, Digital Solutions Manager at Telefonica Empresas Chile. “FreeStor is easy to use and also very affordable for us and our customers. With FreeStor we are able to offer a converged storage ecosystem with a full suite of services. This is how Telefonica can help companies become intelligent enterprises, with collaborative tools that boost the creativity of employees through talent empowerment.”

FreeStor's horizontal architecture unlocks a new world of storage opportunities, allowing IT managers, MSPs and CSPs to maximize efficiencies and lower costs while taking advantage of cloud, hybrid cloud, flash storage and Software-Defined Storage. A groundbreaking Intelligent Abstraction® approach delivers seamless access and unified data services across entire storage infrastructures without having to invest in new technology, or rip and replace existing platforms. Always-on availability and continuity keep business running while enabling them to move, synchronize and protect data seamlessly across virtual and physical storage platforms.

“FreeStor helps solutions providers like Telefonica Empresas Chile shorten project timelines, minimize complexities and reduce costs of the data services they provide to their customers,” said Gary Quinn, FalconStor President, and CEO. “By providing the migration, continuity, recovery and optimization attributes they need to help them focus on the services their customers need, FreeStor is able to provide Telefonica with the greater efficiencies, reduced downtime, lower costs and improved simplicity required to do so.”

About FalconStor

FalconStor® Software, Inc. (NASDAQ: FALC) is a leading software-defined storage company offering a converged data services software platform that is hardware agnostic. Our open, integrated flagship solution FreeStor® reduces vendor lock-in and gives enterprises the freedom to choose the applications and hardware components that make the best sense for their business. We empower organizations to modernize their data center with the right performance, in the right location, all while protecting existing investments. FalconStor’s mission is to maximize data availability and system uptime to ensure nonstop business productivity while simplifying data management to reduce operational costs. Our award-winning solutions are available and supported worldwide by OEMs as well as leading service providers, system integrators, resellers and FalconStor. The company 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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