The Company provides disk-based data protection solutions that maximize business continuity and data center efficiency within all IT infrastructures, integrating seamlessly to ensure rapid data recovery while simplifying storage management.
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FalconStor Software, based in New York specializes in developing and implementing data storage and retrieving solutions. They are the leaders in network storage software solutions, offering effective and safe data storage and protection, centralized archiving and flawless, fast data recovery, helping its clients increase data center efficiency and maximize business continuity.
The company caters to a wide array of clients spread across the globe ranging from Fortune 1000 to small and medium enterprises. The company markets its products through a mix of Original Equipment Manufacturers (OEM), Value - Added Resellers (VAR), Distributors, Strategic partners and in some cases through direct sales channels.
The company posted a revenue increase of 25% for the nine-month period ended September 2006 with its contribution primarily coming from VAR channel and OEM channel. The company licenses products like IPSTOR and Virtualtape Library (VTL) to tap this market. Infact, software licensing accounted for 66% of the total revenue during the given period and increased by 15%. Revenue from maintenance and support also continue to grow as the level of service offered slowly began to match the customer expectations and also due to the widespread acceptance of the company’s products.
The storage software market is valued at around $2.5 billion during 2006 with EMC Corporation leading the sector with 26%; the market share of Falcon is just 0.02%. The market is expected to grow by 10% for the next few years as more and more companies are increasing their IT spending in storage replication to avoid data loss due to disaster recovery and improve business continuity planning. Moreover the market is also in its nascent stage with further growth expected to happen in the coming years. These factors tag the company stock as a likely outperformer, and endow it with adequate opportunities to cherish.