FalconStor Software Names Gary Quinn President and Chief Executive Officer

FalconStor Software Names Gary Quinn President and Chief Executive Officer

MELVILLE, N.Y., July 23, 2013 (GLOBE NEWSWIRE) -- FalconStor Software, Inc.
(Nasdaq:FALC), a market leader in disk-based data protection solutions, today
announced that it has named Gary Quinn president and chief executive officer
(CEO). Quinn had been serving as interim CEO since June 28, 2013. Previously,
Quinn was chief operating officer after serving as the vice president of sales
and marketing for North America.

"In the time that Gary has been with FalconStor, he has demonstrated his
ability to lead teams effectively, to focus the organization on the right
priorities, to establish best practices, and to simply get things done
effectively," said Eli Oxenhorn, chairman of the board of FalconStor. "Gary
has proved himself to be a valuable member of FalconStor's executive staff,
and the board has every confidence in Gary's ability to lead the company
towards achieving its full potential."

Quinn has more than 15 years of executive experience in the information
technology industry, working closely with sales and marketing teams and
channel partner networks to generate revenue and strengthen strategic
relationships. He spent more than 20 years at CA Technologies, finishing as
executive vice president of international sales and North American channel
sales. At CA, Quinn turned around a three-year decline in North American
channel business and achieved an annual growth rate of 25 percent. Immediately
prior to joining FalconStor, Quinn was the commissioner of information
technology of the Suffolk County Department of Information Technology, Long
Island, New York. He received a bachelor's degree in computer science from
Hofstra University.

"I came to FalconStor because of the company's proven technology and its
potential to make a significant contribution to the data protection industry,"
said Quinn. "In my new role, my goals remain the same: To do everything in my
power to marshal FalconStor's considerable talent and resources to help our
customers manage and protect their data with confidence and peace of mind."

About FalconStor Software

FalconStor Software, Inc. (Nasdaq:FALC) is a market leader in disk-based data
protection. The company's mission is to transform traditional backup and
disaster recovery into next-generation service-oriented data protection. Built
upon an award-winning platform, FalconStor solutions deliver disk-based
backup, continuous data protection, WAN-optimized replication and disaster
recovery automation. FalconStor solutions are available through a worldwide
network of partners, including solution providers, top-tier strategic partners
and major OEMs. Thousands of customers worldwide, from small businesses to
Fortune 100 enterprises, entrust their data to FalconStor solutions.
FalconStor maintains headquarters in Melville, N.Y., and offices throughout
Europe and the Asia Pacific region. For more information, visit
www.falconstor.com or call 1-866-NOW-FALC (866-669-3252).

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This press release includes forward-looking statements that involve risk and
uncertainties that could cause actual results to differ materially from the
forward-looking statements. These risks and uncertainties include: delays in
product development; market acceptance of FalconStor's products and services;
technological change in the data protection industry; competition in the data
protection market; results and costs associated with governmental
investigations; intellectual property issues; and other risk factors discussed
in FalconStor's reports on Forms 10-K, 10-Q and other reports filed with the
Securities and Exchange Commission.

FalconStor and FalconStor Software are 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.

CONTACT: For more information, contact:
         Joanne Ferrara, Investor Relations

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