Latest news with #FalconStor
Business Wire
06-08-2025
- Business
- Business Wire
FalconStor Software Announces Second Quarter of 2025 Results
AUSTIN, Texas--(BUSINESS WIRE)--FalconStor Software, Inc. ( FALC), a trusted data protection leader modernizing data protection and intelligence for the hybrid cloud world, today announced financial results for its second quarter of 2025, which ended on June 30, 2025. We are taking a disciplined approach to managing expenses and improving operational efficiency to strengthen our financial foundation and support long-term, sustainable growth'. Vincent Sita, FalconStor CFO Share 'Our strategic shift to subscription and consumption-based recurring revenue models continued in Q2, with hybrid cloud ARR run-rate increasing 57% year-over-year,' said Todd Brooks, CEO of FalconStor Software. 'This shift is foundational to building a resilient, durable business that aligns with the evolving needs of enterprise customers running mission-critical workloads across on-premises and hybrid cloud environments.' 'While total revenue declined year-over-year due to deal timing and the expanding role of monthly consumption contracts, the underlying momentum in our hybrid cloud business is encouraging. With strong IBM ecosystem alignment, expanding global partnerships, and accelerating customer adoption, we are confident in our long-term growth trajectory and FalconStor's growing role in powering data resilience for the world's most critical workloads.' Second Quarter 2025 Financial Results Hybrid Cloud ARR Run-Rate: 57% increase trailing twelve months Ending Cash: $2.9 million, compared to $2.5 million in the second quarter of fiscal year 2024 Total Revenue: $2.1 million, compared to $2.4 million in the second quarter of fiscal year 2024 Total Operating Expenses: $2.2 million, compared to $2.0 million in the second quarter of fiscal year 2024 Non-GAAP EBITDA: $(0.5) million, compared to $0.1 million in the second quarter of fiscal year 2024 GAAP Net Income (Loss): $(0.5) million, compared to $(0.03) million in the second quarter of fiscal year 2024 'While the quarter produced negative year-over-year revenue growth, we remain focused on long-term growth, innovation, and delivering excellent customer service. At the same time, we are taking a disciplined approach to managing expenses and improving operational efficiency to strengthen our financial foundation and support long-term, sustainable growth,' said Vincent Sita, FalconStor CFO. Non-GAAP Financial Measures The non-GAAP financial measures used in this press release are not prepared in accordance with generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. The Company's management refers to these non-GAAP financial measures in making operating decisions because they provide meaningful supplemental information regarding the Company's operating performance. In addition, these non-GAAP financial measures facilitate management's internal comparisons to the Company's historical operating results and comparisons to competitors' operating results. We include these non-GAAP financial measures (which should be viewed as a supplement to, and not a substitute for, their comparable GAAP measures) in this press release because we believe they are useful to investors in allowing for greater transparency into the supplemental information used by management in its financial and operational decision-making. The non-GAAP financial measures exclude (i) depreciation, (ii) amortization, (iii) restructuring expenses, (iv) severance expenses, (v) board expenses, (vi) stock based compensation, (vii) non-operating expenses (income) including income taxes and interest & other expenses (income). For a reconciliation of our GAAP and non-GAAP financial results, please refer to our Reconciliation of Net Income (Loss) to Adjusted EBITDA presented in this release. Please click this link for accompanying financial charts. About FalconStor Software FalconStor is the trusted data protection software leader modernizing disaster recovery and backup operations for the hybrid cloud world. The Company enables enterprise customers and managed service providers to secure, migrate, and protect their data while reducing data storage and long-term retention costs by up to 95%. More than 1,000 organizations and managed service providers worldwide standardize on FalconStor as the foundation for their cloud first data protection future. Our products are offered through and supported by a worldwide network of leading managed service providers, system integrators, resellers, and original equipment manufacturers. FalconStor and FalconStor Software are trademarks or registered trademarks of FalconStor Software, Inc., in the U.S. and other countries. All other company and product names contained herein may be trademarks of their respective holders. Links to websites or pages controlled by parties other than FalconStor are provided for the reader's convenience and information only. FalconStor does not incorporate into this release the information found at those links nor does FalconStor represent or warrant that any information found at those links is complete or accurate. Use of information obtained by following these links is at the reader's own risk.
Hamilton Spectator
22-05-2025
- Business
- Hamilton Spectator
Fresche Solutions and FalconStor Partner to Modernize IBM i Data Backup and Management
SAN FRANCISCO, May 22, 2025 (GLOBE NEWSWIRE) — Fresche Solutions, a global leader in AI-powered IT modernization, announces a strategic partnership with FalconStor Software, a leader in IBM Power Systems backup optimization. Together, the companies will deliver modern, secure, and scalable backup and recovery solutions for IBM i environments in the cloud. As part of the collaboration, FalconStor's StorSafe® solution will be integrated into Fresche's managed services for IBM Power Virtual Server (PowerVS), providing enterprises with a cyber-resilient, cost-effective alternative to legacy tape-based backup systems. The joint solution is designed to optimize backup and archive operations in hybrid cloud deployments by: 'Our collaboration with FalconStor strengthens our ability to help IBM i customers modernize with confidence,' said Lief Morin, GM, Managed Services at Fresche Solutions. 'Together, we're delivering solutions that align with cloud-first strategies while maintaining enterprise-grade resilience and security.' Key Benefits of FalconStor StorSafe®: 'This partnership is a natural fit,' added Todd Brooks, CEO, FalconStor. 'Fresche's leadership in IBM i modernization and managed services complements our mission to provide robust, efficient, and future-ready data protection.' To learn more about how Fresche and FalconStor optimize IBM i backup, visit or . About Fresche Solutions Innovators in AI-powered IT modernization, Fresche manages and maximizes the value of IBM i business-critical systems to reduce technical debt. Our market-leading IP and proven solutions in Modernization, AI & Data Analytics, KTLO, and Cloud Managed Services have earned the trust of global leaders from 2200+ companies. Reimagine your IT challenges into future growth and innovation with Fresche Solutions. About FalconStor FalconStor Software, Inc. (OTC: FALC) is a trusted leader in data protection, enabling enterprises to modernize backup and archiving across hybrid environments. Its StorSafe platform helps customers optimize storage usage, protect against ransomware, and streamline cloud adoption, especially in IBM ecosystems. Media Contact: Fresche Solutions Kimberley Hernandez Corporate Marketing Manager Fresche Solutions Inc. FalconStor Vicki Grey Head of Marketing FalconStor Software Inc. A photo accompanying this announcement is available at
Globe and Mail
22-05-2025
- Business
- Globe and Mail
Fresche Solutions and FalconStor Partner to Modernize IBM i Data Backup and Management
SAN FRANCISCO, May 22, 2025 (GLOBE NEWSWIRE) -- Fresche Solutions, a global leader in AI-powered IT modernization, announces a strategic partnership with FalconStor Software, a leader in IBM Power Systems backup optimization. Together, the companies will deliver modern, secure, and scalable backup and recovery solutions for IBM i environments in the cloud. As part of the collaboration, FalconStor's StorSafe ® solution will be integrated into Fresche's managed services for IBM Power Virtual Server (PowerVS), providing enterprises with a cyber-resilient, cost-effective alternative to legacy tape-based backup systems. The joint solution is designed to optimize backup and archive operations in hybrid cloud deployments by: Modernizing backup from on-premises IBM Power systems to PowerVS: Enabling seamless hybrid cloud transitions Optimizing backups of workloads running natively in PowerVS: Ensuring high-speed recovery and reduced storage costs Leveraging IBM Cloud Object Storage (COS): For long-term data retention, compliance, and immutable protection against ransomware attacks 'Our collaboration with FalconStor strengthens our ability to help IBM i customers modernize with confidence,' said Lief Morin, GM, Managed Services at Fresche Solutions. 'Together, we're delivering solutions that align with cloud-first strategies while maintaining enterprise-grade resilience and security.' Key Benefits of FalconStor StorSafe ®: Faster, More Reliable Backup & Recovery: Emulates traditional tape libraries while improving speed, flexibility, and automation Cloud-Ready and Scalable: Integrates with IBM COS to ensure geo-dispersed, highly durable archive and restore capabilities Reduced Costs: Advanced deduplication and storage optimization reduce infrastructure, bandwidth, and cloud storage expenses by up to 60%, including infrastructure costs Ransomware Protection: Immutable storage and WORM (Write Once Read Many) support defend critical data from cyber threats Seamless Integration: Fully compatible with IBM BRMS and other backup tools, making deployment fast and non-disruptive 'This partnership is a natural fit,' added Todd Brooks, CEO, FalconStor. 'Fresche's leadership in IBM i modernization and managed services complements our mission to provide robust, efficient, and future-ready data protection.' To learn more about how Fresche and FalconStor optimize IBM i backup, visit or About Fresche Solutions Innovators in AI-powered IT modernization, Fresche manages and maximizes the value of IBM i business-critical systems to reduce technical debt. Our market-leading IP and proven solutions in Modernization, AI & Data Analytics, KTLO, and Cloud Managed Services have earned the trust of global leaders from 2200+ companies. Reimagine your IT challenges into future growth and innovation with Fresche Solutions. About FalconStor FalconStor Software, Inc. (OTC: FALC) is a trusted leader in data protection, enabling enterprises to modernize backup and archiving across hybrid environments. Its StorSafe platform helps customers optimize storage usage, protect against ransomware, and streamline cloud adoption, especially in IBM ecosystems. Media Contact: Fresche Solutions Kimberley Hernandez Corporate Marketing Manager Fresche Solutions Inc. FalconStor Vicki Grey Head of Marketing FalconStor Software Inc.
Washington Post
07-05-2025
- Business
- Washington Post
FalconStor Software: Q1 Earnings Snapshot
AUSTIN, Texas — AUSTIN, Texas — FalconStor Software Inc. (FALC) on Wednesday reported earnings of $79,000 in its first quarter. On a per-share basis, the Austin, Texas-based company said it had net loss of 6 cents. The software-defined storage company posted revenue of $2.5 million in the period. _____
