FalconStor CFO James Weber Receives Long Island Business News’ "40 Under 40” Award

FalconStor Software, Inc. (NASDAQ: FALC), the provider of TOTALLY Open™ data protection solutions, today announced that FalconStor CFO James Weber has been selected by Long Island Business News as a "40 Under 40” award recipient for 2009. Mr. Weber and the other 39 recipients were honored last night at a gala hosted by Long Island Business News.

"2009 marks our 11th annual tribute to Long Island’s best and brightest rising stars. First and foremost, we look for individuals showing success at an early age - as an entrepreneur or working their way up the corporate ladder," said Long Island Business News President and Publisher, John Kominicki. "Mr. Weber has been with FalconStor since 2001 and rose to become the CFO in three short years. He is being recognized for his exceptional business accomplishments and community involvement."

The Long Island Business News’ 40 under 40 awards is an annual salute to 40 men and women who have achieved success in business before the age of 40. Criteria to determine the recipients include leadership in business, support for Long Island's not-for-profit organizations and commitment to the communities that support the business.

"It is a great honor to be a recipient of Long Island Business News’ 40 under 40 award. While this is an individual award, I view it as recognition of the leadership and accomplishments of the entire FalconStor team,” said Mr. Weber. "I would also like to congratulate all the other recipients of this award, and I look forward to continuing working with the FalconStor team to help deliver data protection solutions that allow companies to make the most out of their existing investments in storage infrastructure and to ensure uninterrupted data services for their business.”

About FalconStor Software

FalconStor Software, Inc. (NASDAQ: FALC) is the market leader in disk-based data protection. FalconStor delivers proven, comprehensive data protection solutions that facilitate the continuous availability of business-critical data with speed, integrity, and simplicity. The Company’s TOTALLY Open™ technology solutions, built upon the award-winning IPStor^® platform, include the industry leading Virtual Tape Library (VTL) with deduplication, Continuous Data Protector (CDP), and Network Storage Server (NSS), enabled with WAN-optimized replication for disaster recovery and remote office protection. FalconStor products are available from major OEMs and solution providers including Acer, COPAN Systems, Data Direct Networks, DSI, EMC, H3C, IBM, Pillar Data Systems and Sun 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 region. For more information, visit www.falconstor.com or call 1-866-NOW-FALC (1-866-669-3252).

FalconStor, FalconStor Software, and IPStor are registered trademarks, and TOTALLY Open is a trademark of FalconStor Software, Inc. in the US and other countries. All other company and product names contained herein may be trademarks of their respective holders.