Releases

posted on 04 April 2008 08:29

MELVILLE, N.Y.--(BUSINESS WIRE)--FalconStor Software, Inc. (NASDAQ: FALC), the provider of TOTALLY Open™ network storage solutions, today announced that the FalconStor® Network Storage Server, powered by the FalconStor IPStor® platform, has been deployed by Safeguard Properties, the largest privately held field services company in the U.S., for storage reliability and data recovery.

The resulting solution is allowing Safeguard to meet their demanding recovery point and time objectives, and has garnered a position as a finalist for Safeguard in Computerworld's Storage Networking World 2008 Best Practices Awards Program. The top winner will be named at Storage Networking World on April 9. The integration was performed by FalconStor partner Chi Corporation to enable Safeguard to strategically meet its storage documentation requirements that have increased by approximately 500 percent over the past two years.

“As foreclosures increase, Safeguard has been experiencing rapid growth and high demand on its data storage infrastructure,” said Michael Manley, chief information officer at Safeguard. “We needed a solution that would scale rapidly and meet tight recovery time objectives to store approximately 500,000 additional photos and documents each week. We are leveraging the FalconStor NSS to host over a hundred terabytes of available disk storage, and we anticipate our storage needs to grow more than 40 percent in the coming year.”

As a turnkey resource for all aspects of default property management, Safeguard’s storage capacity requirements have escalated massively as a result of the rise in home foreclosures throughout the U.S. Supporting documentation, including photos, are needed to meet the compliance issues of Safeguard’s national roster of clients that range from local loan servicing companies to national publicly held mortgage servicing corporations for whom Safeguard performs superintendence, preservation and maintenance functions.

“The FalconStor NSS gives Safeguard the capability to mirror and replicate data between their primary data center and their disaster recovery location,” said John Lallier, FalconStor vice president of technology. “At their primary data center, Safeguard deploys disk virtualization that utilizes several heterogeneous storage devices as well as the FalconStor TimeMark® feature and snapshot copies that enable their mission critical applications to be recovered in minutes, rather than days.”

“The FalconStor Network Storage Server provides cutting edge disaster recovery and business continuity capabilities in demanding storage environments,” said Chi Corporation Vice President Greg Knieriemen. “As a solutions provider specializing in data storage, backup, & disaster recovery, Chi Corporation was pleased to offer Safeguard the FalconStor Network Storage Server, which enabled Safeguard to retain their existing storage infrastructure, maximizing the return on its existing storage investment.”

About Safeguard

Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, OH, and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 450 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.

About Chi Corporation

Chi Corporation is a Storage Solutions Provider specializing in data storage, backup, and disaster recovery. Our offerings include tiered storage (DAS, SAN, NAS), tape and D2D backup. Chi is known for its expertise in iSCSI & Fibre Channel SAN technologies, replication, disaster recovery, & business continuance. Chi Corporation provides these products and services for the SMB market place to enterprise environments.

About FalconStor

FalconStor Software, Inc. (NASDAQ: FALC), #5 in Forbes 2008 list of America's Fastest-Growing Technology Companies, 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 TOTALLY Open™ technology solutions, built upon the award-winning IPStor® virtualization platform, include the industry leading Virtual Tape Library (VTL) with Single Instance Repository (SIR) for de-duplication, Continuous Data Protector™ (CDP), Storage Virtualization, and Replication for disaster recovery and remote office protection. Our products are available from major OEMs and solution providers including IBM, EMC, SUN, Acer, Brocade, H3C, MPC, and Pillar Data Systems and are deployed by thousands of customers worldwide, from small businesses to Fortune 1000 enterprises.

FalconStor is headquartered in Melville, N.Y., with offices throughout Europe and the Asia Pacific regions including Paris, Tokyo and Taiwan. For more information, visit www.falconstor.com or call 1-866-NOW-FALC (866-669-3252).

^{[Formatted by Paul Warren.]}