Business Services Industry

Major New York Abstract and Title Insurance Company Chooses FalconStor's IPStor as Storage Infrastructure to Maximize Business Continuity

Business Wire, March 11, 2003

Business Editors/High-Tech Writers

MELVILLE, N.Y.--(BUSINESS WIRE)--March 11, 2003

FalconStor Software, Inc. (Nasdaq: FALC):

Public Abstract Implements Industry-Leading Storage Consolidation

Solution for Centralized Management of Mission-Critical Data

FalconStor Software, Inc. (Nasdaq: FALC), a leading developer of network storage infrastructure software, today announced that Public Abstract, a division of First American Title Insurance Company of New York, has chosen FalconStor's IPStor to maximize the efficiency of their storage resources while boosting the availability of their business critical data.

Public Abstract Corporation, established in 1969 in Rochester, New York, serves banking and legal communities, as well as municipalities, developers, corporations, business enterprises and homeowners, with complete search and title insurance products and services. The Company provides comprehensive real property title services on local, state and national levels, with direct operations throughout New York and affiliated offices throughout the nation. Public Abstract's decision to deploy the advanced IPStor solution was motivated by its need to exercise greater control over the time, resources, and money invested in its storage resources.

"The cornerstone of effective title insurance involves rational and creative solutions to title problems consistent with the elimination of risk. Public Abstract is constantly updating and improving its IT systems to minimize risk to the organization, and FalconStor's IPStor plays a crucial role here--it enables us to access and deliver time sensitive information more quickly than ever," said Bill Scarbrough, IT Director of Public Abstract. "IPStor goes above and beyond meeting Public Abstract's technology and organizational demands by optimizing resource efficiency and ensuring the consistency of our storage management practices."

Public Abstract required a storage solution with an extensive set of advanced storage management features and the ability to leverage the existing storage environment to meet all their management and cost requirements. They turned to FalconStor to help ensure that their high availability objectives were met.

Public Abstract deployed a highly available, automatic failover configuration with included support for NAS and Fibre Channel SANs. IPStor's zero impact backup enabler option allows certified off-the shelf backup software to perform point-in time snapshots and high-speed backup and restore capabilities.

To read the complete release, including the Safe Harbor agreement, visit www.falconstor.com/publicabstract.asp.>