Innovator of software-defined storage solutions, FalconStor Software, Inc. (NASDAQ:FALC), announces FreeStor® for the hybrid cloud, which enables enterprises and cloud service providers to utilize the performance and reliability benefits of block-based enterprise storage within a hybrid model at public cloud prices.
MELVILLE, NY–(Marketwired – October 17, 2016) – FalconStor® Software Inc. (FALC), a 16-year innovator of software-defined storage solutions, today announced FreeStor® for the hybrid cloud. Building on its heterogeneous storage platform, it has enabled enterprises and cloud service providers (CSPs) to utilize the performance and reliability benefits of block-based enterprise storage within a hybrid model at public cloud prices.
“The Data Center for enterprises and CSPs is facing many challenges. Costs are out of control, moving data is becoming costlier and users require common tools to avoid vendor lock-in,” said Roy Illsley, Principal Analyst, Ovum. “A new flexible approach is needed. Organizations need to have the freedom to choose the most appropriate storage platform that meets their pricing and performance level needs, whether that is on-premises, in the cloud or both (using a hybrid model). The new functionality that has been incorporated into FreeStor, offers users the ability to intelligently create a hybrid cloud that few other vendors can match.”
New benefits of FreeStor’s intelligent approach to flexible data management include:
Simple, Fair Pricing – organizations now only pay for licensing of their primary instance of data, not the total amount of storage consumed.
Cloud Enablement – enable users to add public cloud storage in order to create a hybrid solution that can be managed through a single pane of glass.
Secure Multi-tenancy – integration with Active Directory or LDAP for authorization, access and audit compliance providing trustworthy security at all levels of an organization’s installation.
Enhanced Analytics – enabling core-to-edge decision-making abilities while providing information for proactive management of SLAs.
Unified Client Management – overcome business disruption with easy, templated agent deployment, simplified configuration and updates, and intelligent analytics from core-to-edge.
Performance Optimization – Improved support for NVMe unlocking new levels of I/O and latency. The addition of Linux 7 compliance together with enhanced, patented application acceleration, workload portability both on-premises and in the cloud, and faster zero-downtime configurations.
“Storage is a vital component of any cloud infrastructure whether it’s private, public or hybrid. All organizations, including CSPs, need to unlock on-premises enterprise storage to support their cloud journey and create the data centers of the future,” said Gary Quinn, President, and CEO of FalconStor. “The launch of FreeStor for the hybrid cloud combines simple, more fair pricing models, flexible management tools, analytics and unrivaled performance to build out cloud storage infrastructures. These enhancements will enable IT to migrate and move workloads to the most cost-effective destination and ultimately achieve the goals of the business.”
Here’s what others are saying about FreeStor:
“FreeStor just works. Without it we would have struggled. It gives me the confidence to get things done. When something happens, FalconStor’s solution fixes the problem quickly and efficiently. To protect our customers, we always have three online copies of their data, this is only possible because with FreeStor we only have to pay for the primary copy, there are no fees for the second, third or more copies.” – Brian Meredith, Managing Director, BlueChip
“FreeStor helps us to provide infrastructure services that support our business to provide the highest levels of availability and data security. It allows us to support the business by driving faster and lower-cost launches of new products and services.” – Sandor Orban, Technical Lead Infrastructure Services, Sunrise Communications AG
“FreeStor is the first real entry, in my opinion, into the service provider realm…FreeStor is an integral part of the Xterity brand, it’s the only DR solution we offer…We feel that it’s a unique fit and allows us to address a unique market need.” – Scott Harris, Vice President of Services, Egenera
“FreeStor is a storage solution for a hybrid world.” – Lynda Stadtmueller, Vice President Cloud Services, Frost & Sullivan
FreeStor for the cloud is currently available through FalconStor’s PartnerChoice resellers as well as direct. For more information or to schedule a demonstration, interested parties can call 631-773-5859 or email email@example.com.
FalconStor® Software Inc. (FALC) is a leading software-defined storage company offering a converged data services software platform that is hardware agnostic. Our open, integrated flagship solution, FreeStor®, reduces vendor lock-in and gives enterprises the freedom to choose the applications and hardware components that make the best sense for their business. We empower organizations to modernize their data center with the right performance, in the right location, all while protecting existing investments. FalconStor’s mission is to maximize data availability and system uptime to ensure nonstop business productivity while simplifying data management to reduce operational costs. Our award-winning solutions are available and supported worldwide by OEMs as well as leading service providers, system integrators, resellers and FalconStor. The Company is headquartered in Melville, N.Y. with offices throughout Europe and the Asia Pacific region. For more information, visit falconstor.com or call 1-866-NOW-FALC (866-669-3252).
FalconStor Software, Inc. (NASDAQ:FALC) shares are moving -3.59% on the news today and have traded in the range of $0.79 – 0.85 during the current trading session. A number of brokerage analysts have recently weighed in on the stock, providing price target projections. The covering firms currently have a consensus one-year price target of $4.00 on the stock. This is according to brokerage analysts polled by Thomson Reuters First Call. This is the average number from the individual targets provided by the firms. Analysts are projecting earnings per share of $0.00 for the next fiscal quarter. For the current year, analysts are predicting earnings of $-0.18 per share according to First Call.
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In looking at where FalconStor Software, Inc. (NASDAQ:FALC) is trading on a technical level, the stock is trading -20.34% away from its 50-day moving average of $1.00. Based on the most recent available data, the equity is -62.44% off of its 52-week high of $2.13 and +1.27% away from its 52-week low which is $0.79.
Today, the stock opened at $0.85 and the last bid at the time of writing stood at $0.80. During the session thus far, the equity dipped down to $0.79 and touched $0.85 as the high point. FalconStor Software, Inc. (NASDAQ:FALC) has a market cap of $34.70M and has seen an average daily volume of 68403 over the past three months.
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Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.