FREESTOR DELIVERS GAME-CHANGING VALUE TO LG CNS AS IT ROLLS OUT KOREA’S FIRST ENTERPRISE-CLASS DRAAS CLOUD INITIATIVE
FalconStor’s software-defined storage approach overcomes the high-cost structure, management challenges associated with providing Disaster Recovery-as-a-Service offerings
MELVILLE, N.Y., April 19, 2016 — FalconStor Software® Inc. (NASDAQ: FALC), a 16-year innovator of software-defined storage solutions, today announced that global IT service provider LG CNS has implemented FreeStor® to help complete the conversion of its disaster recovery offerings to a cloud-based model. This will immediately help its customers overcome the high-cost structure and management required of their disaster recovery storage infrastructures.
For more than 20 years, LG CNS has delivered cutting-edge IT solutions and managed services to thousands of customers across the public, financial, manufacturing and telecommunications industries, and has become one of the largest IT service providers in Korea. LG CNS currently operates the Incheon Data Center, the Sangam IT Data Center and the Gasan Data Center in Korea, as well as data centers at three global hub locations (U.S., Europe, and China), managing more than 30 PBs of data. A primary initiative for the company was to convert from traditional storage infrastructures to a software- and services-based infrastructure to more efficiently and effectively deliver cloud-based storage services to its customers. LG CNS chose FreeStor to help make that transition, to lower costs and deliver new service revenue streams, such as Disaster Recovery-as-a-Service (DRaaS).
Disaster recovery has always been one of the pain points for many enterprises in Korea. As businesses increasingly rely on their IT infrastructure, the demand for business continuity has become more stringent. All industries, especially financial and public sectors, are keen to implement a disaster recovery practice to protect their IT infrastructures from threats, including natural disasters, system failures, malicious attacks and human error. Many enterprises are realizing that it's very expensive to acquire third-party tools and that they are too complicated to operate efficiently. To offset these challenges, LG CNS will now offer a new DRaaS cloud platform based on FreeStor. The service will mirror customers' critical data to LG's cloud data centers. This is the first DRaaS cloud offering in Korea that will meet enterprise-class reliability and service level requirements, enabling customers to benefit by decreasing hardware and software purchases, maintenance costs and complexity, all while improving business continuity, flexibility and scalability.
"There are many data management solutions to choose from today, but I think FreeStor is one of the best because it supports heterogeneous storage environments," said, Gaehoon Chang, Senior Manager of LG CNS. "FreeStor features give our clients an enterprise-class, but very affordable, disaster recovery solution that reduces the CAPEX to zero and the OPEX by at least 70 percent when compared to an on-premise approach. It is really helpful to our growing business to have options like FreeStor's all-inclusive subscription model, which will provide significant added value to LG CNS' cloud business."
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 the public cloud, hybrid cloud, flash storage and software-defined storage. FalconStor's groundbreaking Intelligent Abstraction® approach delivers seamless access and unified data services across entire storage infrastructures without having to invest in new technology, and extends the useful life of existing platforms. Always-on availability and continuity keep businesses running while enabling them to move, synchronize and protect data seamlessly across virtual and physical storage platforms.
"Companies are increasingly looking to modernize their data center infrastructures to support emerging business initiatives, as well as to gain the benefits that these newer approaches provide," said Gary Quinn, President, and CEO of FalconStor. "LG CNS wanted to improve their cloud-based services to attract additional customers while also avoiding the high costs of building, managing and maintaining traditional storage infrastructures. We are pleased that FreeStor allows them to gain greater efficiencies, as well as reduced costs, helping them create new revenue streams by delivering data services from a heterogeneous storage pool."
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).
FalconStor, FalconStor Software, FreeStor, and Intelligent Abstraction are 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.
Scott Kline, JPR Communications