FalconStor has confirmed its first profit in more than two years, bagged fresh funding and employed a new bunch of new faces in its exec lounge. CEO Todd Brooks, who arrived in August, claimed changes are underway for the software-defined storage developer. Revenues in its third 2017 quarter ended 30 September were $6.1m, 17 …

Struggling storage software company Falconstor has been delisted from the Nasdaq Stock Market and its shares are now trading on the OTC Market Group's OTCQB marketplace. A company release said nothing more than these two things. We know that a recent CEO, Todd Oseth, was replaced just six weeks after being hired. He went in …

+Comment It's all change at FalconStor, which has a new CEO and CFO just six weeks after the last chief exec was appointed. Todd Oseth became CEO in June, replacing Gary Quinn. His interim CFO was finance EVP Dan Murale. Now Oseth is out, moving sideways to become a strategic industry advisor, and in comes Todd Brooks as CEO and …

FalconStor CEO Gary Quinn has resigned with Todd Oseth coming in to run this somewhat sickly storage software firm. Quinn became CEO in July 2013, and stabilised a company nearing collapse. The saga started when founding CEO ReiJane Huai was accused of fraud and committed suicide. Jim McNiel became the new CEO and president …

FalconStor has announced something that seems … well, odd; a “Pay Once” pricing model. The software-defined storage product supplier says it aims to disrupt global storage industry pricing practices which involve customers paying for the storage of their second, third, or more copies of data. Well, er, yes, you store the data …

FalconStor has added predictive analytics to its FreeStor storage software. This software-only storage, sold independently of hardware, provides storage services by abstracting underlying heterogeneous storage products. It operates in the data path, like IBM’s SAN Volume Controller (SVC), and virtualises the array hardware …

Comment You are about to run out of SAN capacity and your sales order booking system will fail its response time limit in five days. Not a nice message to get, but it's much better knowing in advance and being able to do something about it than hearing about your storage systems crashing on the day. Such predictive analytics are being …

Kaminario, with its capacity-rising, price-dropping K2 3D TLC flash array, is evaluating using Falconstor-sourced migration software. Together with other deals, this looks like FalconStor-Lazarus is coming back to life. Version 5.5 of Kaminario’s K2 array, as well as adding Samsung 3D flash chips, also added native snapshot- …

Storage software supplier FalconStor has hired itself an EMEA marketing director to help get its FreeStor messages out there. Iris Hatzenbichler-Durchschlag comes from heading up DataCore's EMEA marketing organisation and contributed to developing DataCore from a startup to a leading software-defined storage company, with …

Huawei is using FalconStor's FreeStor software to enhance the appeal of its Dorado all-flash arrays in China. FalconStor, which is expanding its presence in the Middle Kingdom, is presenting at Huawei's Cloud Congress 2015, the largest IT conference in China. The two are also showing off Huawei's OceanStor Dorado2100 G2 and …

The sickly software-defined storage child that was FalconStor is not yet a strapping adolescent, but is at least on the way back to full health. First quarter 2015 revenues were a startlingly high $19.9 million, coming from a quarterly revenue band of $12-$15 million over the previous eight quarters. The year-ago quarter’s …

Storage software supplier FalconStor has completely re-written its core product, hoping its new FreeStor product will revitalise its business. FalconStor's virtualising IPStor technology became widely used but began falling behind when the firm lost its guiding light CEO ReiJane Huawai in 2011. A subsequent Fed law case …

Comment FalconStor is moving on from its near-death experience last year, when, according to CEO Gary Quinn, it had just six months of cash left. The new chief now plans to build on its recovery by returning the firm to its roots with a unified software product. He also spoke of the firm taking on EMC's VPlex and IBM's SVC with its …

Virtualisation outfit FalconStor is starting to move on the product front again, and is combining its VTL (Virtual tape library) and FDS dedupe product into a single offering, claiming 50 per cent cost-savings. The FDS (File-interface Deduplication System) offers post-processing and/or concurrent block-level deduplication with …

FalconStor exiles have started up a storage federating business called ProphetStor and aim to get OpenStack cloud providers federating legacy arrays and commodity servers into virtualised pools of block storage that cost far less than traditional arrays. The ex-falcons hoping to fly again are Eric Chen, ProphetStor's founder …

Troubled storage vendor FalconStor has closed its office in Australia and merged its Hong Kong and China operations. The Reg has confirmed a report in CRN about the closures, which took place in October as a cost-cutting and effort-focussing measure. The company is not abandoning the region altogether. Presences in Singapore …

After losing its CEO a few weeks ago, standalone storage software shipper FalconStor has duly reported poor results. Since then it has got into bed with a new VC to shore up its balance sheet, ended an investment banking deal with Wells Fargo, and teamed up with Violin Memory to develop new products. The interim president and …

A recent SEC filing has brought to light some of the details of the recent sudden departure of the CEO of standalone storage software shipper FalconStor - including the admonition that if the SEC didn't insist on the publication of the agreement, that neither party would tell all on, er, Twitter... The storage firm is living …