Falconstor is a data management software company based in austin, texas. Feb 07, 2010 falconstor hypertrac backup accelerator option enables it to backup data using backup software and snapshots without impacting the application server. Jun 28, 2012 on june 27, 2012, the securities and exchange commission commission charged that falconstor software, inc. Another falconstor ceo out as storage software firm hunts. The business, which develops software that manages companies data. Otc us stock quote falconstor software inc bloomberg. 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.
Big falconstor software stake bought by private equity firm. Big falconstor software stake bought by private equity. Falconstor hypertrac backup accelerator option enables it to backup data using backup software and snapshots without impacting the application server. Informatique logiciel progiciel g 2y software 6202a conseil en. T he reader should in all cases consult falconstor software to determine whether any such changes have been made. The company announced key management changes last week that excited investors, sending the stock. Falc issued its quarterly earnings results on thursday, march, 12th. Falconstors ceo resignation likely means further downside. 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 falcon vienna, virginia personal injury lawyer. Mar 19, 2020 inside falconstor software incs 10k annual report. Founded in 1993 by brothers tom and david gardner, the motley fool helps millions of people attain. Falc empowers it professionals to achieve mastery of their data an organizations most precious asset so they can resp.
Informatique materiel fourniture david gerard philippe 25 route. Jun 20, 2017 falconstor ceo gary quinn has resigned with todd oseth coming in to run this somewhat sickly storage software firm. Conseil en systemes informatiques falconstor software societe par. David lemonnier sales representative slocum and sons linkedin. The company delivers data protection solutions that facilitate the availability of businesscritical data. Lxi enterprise storage will resell falconstors virtual tape library vtl products as part of a new partnership the companies unveiled last week. Software developer falconstor moves hq from new york to. Tech data partners with falconstor software to expand data. Todd oseth president and ceo, falconstor storagenewsletter.
Falconstor makes software for corporate customers that allows. It was my first engagement with falconstor in almost 9 years. Securities and exchange commission filing disclosed monday. 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 software had a negative return on equity of 0.
Starting in 2007 and under the direction of the now deceased. Diskbased data protection company falconstor software inc has appointed ingram micro asia as its distributor in the singapore and indochina markets. 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. 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. In 2007 the company started a jointventure with the chinese academy of sciences for the blue whale file system. 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. 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. How strong is falconstor probability of bankruptcy. Once we have emerged, we believe that our employees, and core product set including our new and innovative storsafe solution will. The rise of data deduplication hurt vtl and falconstor, but oseth said there is still life for vtl as a. The company provides good basic benefits free or at low cost, as in the case. Oseth is a handson chief executive who will be focused on delivering profitable business growth by working directly with customers. Dec 11, 2017 enter publicly traded falconstor software inc.
Ingram micro represents more than 90 vendors in asia pacific with more than 24,000 products. 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. David lemonnier, 47 ans coignieres, guyancourt, le. An austin, texas, private equity firm with ties to falconstor software inc. Falconstor software announces third quarter 2017 results. Another falconstor ceo out as storage software firm hunts for. Investors buying in as falconstor hatches risky plan. 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. With virtual tape, backups complete faster and more reliably, with little or no change. By gregory zeller investors are doubling down on a melville software company with a tarnished financial record and a sterling datastorage product. On june 27, 2012, the sec charged falconstor software, inc. Falconstor software hires new ceo, quinn to resign. As a result, we have developed, and implemented a proactive plan to survive the storm.
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. 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. It also announced that gary quinn, formerly president and ceo, has voluntarily resigned effective july 1, 2017. 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. Texasbased private equity firm esw capital llc has purchased nearly 1.
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. On june 27, 2012, the securities and exchange commission commission charged that falconstor software, inc. 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. Partnership will support falconstors initiative to develop its reach in the region. Lemonnier jeanpierre executive vice president of manpower inc. Otc us including stock price, stock chart, company news, key statistics, fundamentals and company profile. Quinn became ceo in july 20, and stabilised a company nearing collapse. View david lemonniers profile on linkedin, the worlds largest professional community. Falconstor executive james mcneil was named ceo in january 2011, stepping down in june 20. New york, ny accesswire march 12, 2020 falconstor software, inc. Falconstor appoints ingram micro distributor for singapore.
Falc is breaking the law well, the law of gravity that is. Falc will be discussing their earnings results in their 2019 fourth quarter earnings call to be held on march 12, 2020 at. I questioned whether there would be any interested parties. Morgan chase executives and related securities violations company will pay. The companys totally open data protection solutions, built upon the ipstor virtualization platform, include the virtual tape library vtl with data. Tecd today announced that it will distribute falconstor softwares complete line of dataprotection storage solutions.
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. 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. Design despace et creation lumiere paris mentions legales. Falconstor is a name that i have recently profiled as a struggling firm up for sale following a series of unfortunate developments. Lam wayne vice president of falconstor software inc falc. Falc stock quote, history, news and other vital information to help you with your stock trading and investing.
Falconstor is a provider of diskbased data protection. 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. Falconstor is having a huge impact on a wide variety of industries. Falconstor software reserves the right to make changes in the information contained in this publication without prior notice.
Jun 20, 2017 falconstor executive james mcneil was named ceo in january 2011, stepping down in june 20. Falconstor achieve data mastery falconstor software. Falconstor ceo gary quinn has resigned with todd oseth coming in to run this somewhat sickly storage software firm. The joint venture was named tianjin zhongke blue whale.
Accomplished it manager and architect with twenty years of proven experience in team management, it and data architecture, project management and. 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. We are very pleased with the opportunity presented by falconstor. Falconstor, violin team on san accelerator reuters. Sec charges falconstor software with bribery securities. 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. View the latest news on falc company insiders for their impact on company performance. We call this zeroimpact backup falconstor nss offers two deployment solutions for organizations that require high availability. 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. Fourniture brami edmond david 6202a conseil en systemes et logiciels. David falcon vienna, virginia personal injury lawyers.
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