Finam Investment Company Backs FalconStor Solutions for Data Protection and Enhanced Storage Performance

Business Wire, Dec 10, 2007

FalconStor Partner MCSC Limited Deploys Solution for Russian Investment Firm

MOSCOW -- FalconStor Software, Inc. (NASDAQ: FALC), the market leader in disk-based data protection solutions, today announced that Finam Investment Company, a leading Russian brokerage firm, has deployed the FalconStor([R]) Network Storage Server (NSS) solution powered by the FalconStor([R]) IPStor([R]) Enterprise Edition, to ensure business continuity and enhanced storage performance. Significant storage performance gains have been achieved through the consolidation of more than 20TB of NAS and SAN data, on which more than 150 heterogeneous servers rely. The integration was undertaken by FalconStor Solution Provider partner, MCSC Limited.

The FalconStor NSS solution generates several key tangible benefits for Finam Investment Company, notably reduced downtime, faster recovery and ease of use. The deployment has enabled Finam to manage a data growth rate currently estimated at more than 2TB per month, resulting in part from the need to retain data to comply with legislation. In addition, the solution protects data in the event of a system crash. More than 10TB of Microsoft Exchange and Microsoft SQL Server data is backed up daily using Symantec Backup Exec, from servers running VMWare ESX, Linux or Microsoft Windows.

Sergey Sotnikov, Finam Investment Company's CIO, said: "We deployed the FalconStor NSS solution to reduce downtime, improve recovery time and ensure data protection. The peace of mind resulting from knowing our data is safely archived is immeasurable."

Guy Berlo, Central Region Director, FalconStor, said: "Trading in the Eastern European financial sector is booming, generating tremendous amounts of trading data and resulting in its soaring data growth. It's critical that this data be protected to ensure compliance with legislation. FalconStor solutions deliver the protection Finam needs while also improving performance and confidence."

About MCSC

MCSC Ltd., founded in 2003, specializes in project distribution of storage solutions and services. MCSC specialists build storage solutions satisfying individual needs of customers in data management and storage. The company provides consulting and expert services, as well as technical support of the equipment. MCSC solutions are used by SMBs, enterprises and government bodies working in Russia and some other CIS countries. The company can be reached on the Web at http://www.mcsc.ru.

About Finam Investment Holding

Finam Investment Holding is a leader on Russia's financial services market, offering a broad array of investment services and conducting operations in more than 80 cities around the country. Finam ranks among the top domestic investors in IT projects, controls Mamba, E-generator, MoneyMail and other concerns, and holds minority stakes in Begun, Buka, Alawar, Ashmanov and Partners, Astrostar, to name but a few. The holding established the first Russian mutual fund that specializes in high-tech investments - Finam - Information Technologies (MICEX, Security ID: RU000A0JNUN9).

Finam Investment Company is currently Russia's #2-ranked brokerage firm.

About FalconStor

FalconStor Software, Inc. (NASDAQ: FALC) is the market leader in disk-based data protection. We deliver proven, comprehensive data protection solutions that facilitate the continuous availability of business-critical data with speed, integrity, and simplicity. Our technology-independent solutions, built upon the award-winning IPStor[R] virtualization platform, include the industry leading VirtualTape Library (VTL) with Single Instance Repository (SIR) for de-duplication, Continuous Data Protection (CDP), Storage Virtualization, and Replication for disaster recovery and remote office protection. Our products are available from major OEMs and solution providers including EMC, SUN, Brocade, H3C, and COPAN and are deployed by thousands of customers worldwide, from small businesses to Fortune 1000 enterprises.

FalconStor is headquartered in Melville, New York, with offices throughout Europe and the Asia Pacific region. FalconStor is an active member of the Storage Networking Industry Association (SNIA). For more information, visit www.falconstor.com or call 1-866-NOW-FALC (866-669-3252).

FalconStor, FalconStor Software, and IPStor are registered trademarks of FalconStor Software, Inc. All other company and product names contained herein may be trademarks of the respective holders.