“Future Is Bright for FalconStor!” Said CEO Todd Brooks

Following our article “FalconStor, Historical Storage Software Firm, in Big Trouble, published on June 30, 2023, we got the following email from Todd Brooks, CEO of FalconStor Software Inc.:

I appreciate your interest and coverage of FalconStor.
 
As you mentioned in your article, FalconStor has excelled through periods of fantastic growth and survived through more challenging periods as our enterprise data protection market has evolved over time.
 
Throughout the years, there have been areas where FalconStor has consistently excelled, one of those being in data protection of IBM i, AIX, and Linux workloads running on IBM Power servers. Many data protection firms view this IBM market as being “legacy” and have elected to place their focus in other areas, especially within open-systems environments. 
 
FalconStor views the IBM market as being one in which we can innovate and capture significant market share. In May of last year, we established a deep partnership with IBM to create a joint backup optimization and hybrid cloud migration solution for the IBM Power Virtual Server (PowerVS) cloud that IBM operates in 18 IBM Cloud data centers across the globe.
 
In March of this year, we expanded our efforts with IBM to also provide our backup optimization and hybrid cloud migration solution to IBM customers for on-premises use. In addition, IBM customers can also run our solution within the Azure/Skytap virtual Power environment and within virtual Power environments operated by MSPs like Service Express and Meridian IT, both of which serve IBM customers in EMEA and the Americas.
 
Interestingly, as we expand our business with IBM, our partners are also beginning to expand their business with FalconStor in open-systems environments. Several of the innovations we have introduced for IBM workloads have also been extended for use by FalconStor customers protecting open-systems workloads.
 
Our decision to delist from SEC reporting is truly a simple way for us to significantly reduce our quarterly and annual administrative expenses in favor of investing more in our go-to-market efforts with IBM and IBM partners. We will continue to provide quarterly and annual reporting, as our stock will continue trading on the OTC Market, so that our investors can track our progress.
 
I am personally excited by our progress within hybrid cloud data protection and am even more excited by the foundation we have built for growth with IBM – they have been a fantastic partner. 
 
The FalconStor team is filled with dedicated, talented, and tenacious people. The future is bright for FalconStor!
 
We would also be happy to work with you to publish an end-user reference story.
 
Best,
 
R. Todd Brooks
CEO/chief growth officer, FalconStor Software Inc.