Tecd today announced that it will distribute falconstor softwares complete line of dataprotection storage solutions. Falconstor, violin team on san accelerator reuters. The company delivers data protection solutions that facilitate the availability of businesscritical data. Lam wayne vice president of falconstor software inc falc. Falc will announce financial results for the fourth quarter 2019, ending december 31, 2019 after the close of the market on thursday, march 12, 2020. Falconstor software had a negative return on equity of 0.
On june 27, 2012, the securities and exchange commission commission charged that falconstor software, inc. By gregory zeller investors are doubling down on a melville software company with a tarnished financial record and a sterling datastorage product. As the amount of digitized business data grow in size and complexity, many it environments are challenged to keep up with the increased demand to store and access. Falconstor ceo gary quinn has resigned with todd oseth coming in to run this somewhat sickly storage software firm.
While lxi previously sold its own vtl into its largely iseries customer base, the falconstor vtl solution is simply superior, and offers better scalability and performance, particularly during recoveries, an lxi official said. The rise of data deduplication hurt vtl and falconstor, but oseth said there is still life for vtl as a. The whole era of diskbased and then networked storage, this great lan, wan, backup, san, nas and vtl ocean in which cheyenne software boomed but. Falconstor is a name that i have recently profiled as a struggling firm up for sale following a series of unfortunate developments. Mar 19, 2020 inside falconstor software incs 10k annual report. How strong is falconstor probability of bankruptcy. Conseil en systemes informatiques falconstor software societe par. Lamere david f vice chairman of bank of new york mellon corp bk. Nov 15, 2011 vmware recovery with falconstor software falconstor software provides a set of tools to enhance vmware data protection 100% transactional integrity of data for fast restores wanoptimized data replication to reduce bandwidth use by 90% or more integration with vmware vcenter site recovery manager aka srm physicalto. On june 27, 2012, the sec charged falconstor software, inc. Once we have emerged, we believe that our employees, and core product set including our new and innovative storsafe solution will be terrific catalysts for longterm growth.
It was my first engagement with falconstor in almost 9 years. We are very pleased with the opportunity presented by falconstor. David lemonnier sales representative slocum and sons linkedin. Lemonnier jeanpierre executive vice president of manpower inc. The business, which develops software that manages companies data for storage systems, recently opened its. It also announced that gary quinn, formerly president and ceo, has voluntarily resigned effective july 1, 2017. Jun 28, 2012 on june 27, 2012, the securities and exchange commission commission charged that falconstor software, inc. View the latest news on falc company insiders for their impact on company performance.
Feb 07, 2010 falconstor hypertrac backup accelerator option enables it to backup data using backup software and snapshots without impacting the application server. David falcon vienna, virginia personal injury lawyer. Falconstors ceo resignation likely means further downside. Texasbased private equity firm esw capital llc has purchased nearly 1. Otc us including stock price, stock chart, company news, key statistics, fundamentals and company profile. Falc empowers it professionals to achieve mastery of their data an organizations most precious asset so they can resp. The company provides good basic benefits free or at low cost, as in the case. New york, ny accesswire march 12, 2020 falconstor software, inc. Falconstor makes software for corporate customers that allows. Falc stock quote, history, news and other vital information to help you with your stock trading and investing. In 2007 the company started a jointventure with the chinese academy of sciences for the blue whale file system.
Falc will be discussing their earnings results in their 2019 fourth quarter earnings call to be held on march 12, 2020 at. Falconstor software reserves the right to make changes in the information contained in this publication without prior notice. Another falconstor ceo out as storage software firm hunts. Partnership will support falconstors initiative to develop its reach in the region. The company announced key management changes last week that excited investors, sending the stock. Informatique logiciel progiciel g 2y software 6202a conseil en. Falconstor software hires new ceo, quinn to resign storage soup. Falconstor was cofounded in 2000 in new york by computer associates veterans reijane huai and wayne lam. Big falconstor software stake bought by private equity firm. Lxi enterprise storage will resell falconstors virtual tape library vtl products as part of a new partnership the companies unveiled last week.
We call this zeroimpact backup falconstor nss offers two deployment solutions for organizations that require high availability. The companys totally open data protection solutions, built upon the ipstor virtualization platform, include the virtual tape library vtl with data. Falconstor hypertrac backup accelerator option enables it to backup data using backup software and snapshots without impacting the application server. As a result, we have developed, and implemented a proactive plan to survive the storm. Big falconstor software stake bought by private equity. Securities and exchange commission filing disclosed monday. Sep 27, 2011 the whole era of diskbased and then networked storage, this great lan, wan, backup, san, nas and vtl ocean in which cheyenne software boomed but in which falconstor failed to replicate that level. The rise of data deduplication hurt vtl and falconstor, but oseth said there is still life for vtl as a storage source in the cloud. Falconstor is a data management software company based in austin, texas. Jun 20, 2017 falconstor ceo gary quinn has resigned with todd oseth coming in to run this somewhat sickly storage software firm. T he reader should in all cases consult falconstor software to determine whether any such changes have been made. Otc us stock quote falconstor software inc bloomberg.
Todd oseth president and ceo, falconstor storagenewsletter. Design despace et creation lumiere paris mentions legales. Falconstor is having a huge impact on a wide variety of industries. Virtual tape library vtl enterprise edition highperformance backup and restore with deduplication the falconstor virtual tape library vtl solution is the industrys marketleading virtual tape library vtl, unmatched in performance and scalability. Sec charges falconstor software with bribery securities. Fourniture brami edmond david 6202a conseil en systemes et logiciels. Financial earnings highlight generally, our total gross profits and total gross margins fluctuate based on several factors, including i revenue growth levels, ii changes in personnel headcount and related costs, and iii our product offerings and mix of sales. The joint venture was named tianjin zhongke blue whale. Falconstor is a provider of diskbased data protection.
Falc issued its quarterly earnings results on thursday, march, 12th. View david lemonniers profile on linkedin, the worlds largest professional community. Falconstor achieve data mastery falconstor software. Dec 11, 2017 enter publicly traded falconstor software inc. Once we have emerged, we believe that our employees, and core product set including our new and innovative storsafe solution will. Falconstor appoints ingram micro distributor for singapore. Falconstor executive james mcneil was named ceo in january 2011, stepping down in june 20. Morgan chase executives and related securities violations company will pay. Informatique materiel fourniture david gerard philippe 25 route. Falconstor and veeam have teamed up to provide a seamless solution, combining the best in backup and recovery with virtual tape libraries vtl to protect your data efficiently and securely without compromise. David lemonnier, 47 ans coignieres, guyancourt, le. With virtual tape, backups complete faster and more reliably, with little or no change. Diskbased data protection company falconstor software inc has appointed ingram micro asia as its distributor in the singapore and indochina markets.
Mar 19, 2015 falconstor and veeam have teamed up to provide a seamless solution, combining the best in backup and recovery with virtual tape libraries vtl to protect your data efficiently and securely without compromise. An austin, texas, private equity firm with ties to falconstor software inc. All items used in analyzing the odds of distress are taken from the falconstor balance sheet as well as cash flow and income statements available. The business, which develops software that manages companies data. Vmware recovery with falconstor software falconstor software provides a set of tools to enhance vmware data protection 100% transactional integrity of data for fast restores wanoptimized data replication to reduce bandwidth use by 90% or more integration with vmware vcenter site recovery manager aka srm physicalto. Falconstor software probability of bankruptcy is determined by interpolating and adjusting falconstor altman z score to account for offbalancesheet items and missing or unfiled public information. Software developer falconstor moves hq from new york to. Falconstor software announces third quarter 2017 results. Starting in 2007 and under the direction of the now deceased. David falcon vienna, virginia personal injury lawyers. Falc empowers it professionals to achieve mastery of their data an organizations most precious asset so they can responsibly push the boundaries of whats possible in the digital economy.
Falconstor was once a strong player in the virtual tape library vtl market, as emc, ibm and other major storage vendors rebranded falconstor software on their backup disk libraries. I questioned whether there would be any interested parties. Aug 29, 2017 by gregory zeller investors are doubling down on a melville software company with a tarnished financial record and a sterling datastorage product. Another falconstor ceo out as storage software firm hunts for. Jun 20, 2017 falconstor executive james mcneil was named ceo in january 2011, stepping down in june 20. Quinn became ceo in july 20, and stabilised a company nearing collapse. Falc is breaking the law well, the law of gravity that is. Tech data partners with falconstor software to expand data. Ingram micro represents more than 90 vendors in asia pacific with more than 24,000 products. Falconstor software hires new ceo, quinn to resign. Investors buying in as falconstor hatches risky plan. Oseth is a handson chief executive who will be focused on delivering profitable business growth by working directly with customers. Accomplished it manager and architect with twenty years of proven experience in team management, it and data architecture, project management and. The companys totally open data protection solutions, built upon the ipstor virtualization platform, include the virtual tape library vtl with data deduplication for backup optimization, continuous data.
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