Gary Quinn, CEO of FalconStor Software, purchased 50,000 shares of FalconStor Software (Stock Symbol: FALC) at $1.54 per share for a total amount of $77,000 thousand on March 14th, 2014.
FalconStor Software is based in Melville, NY.
On 04/11/2014, After the close of market on Tuesday, April 29, 2014 FalconStor Software, Inc. (FALC), will announce financial results for the first quarter 2014, which ended March 31, 2014. FalconStor will host a conference call at 4:30 PM EDT to discuss the results. In conjunction with the conference call, FalconStor will also host a presentation on the Internet.
On 02/13/2014, FalconStor Software announced its latest quarterly results. A market leader in data protection and migration, today announced financial results for its fourth quarter and full-year ended December 31, 2013.
“We are pleased to have achieved our goal of reaching profitability in the fourth quarter of 2013. The company’s improving financial picture reflects the completion of our stabilization efforts and the steps we’re taking to build for future growth,” said Gary Quinn, President and CEO of FalconStor. “While we will continue to pay close attention to our cost structure, we are also introducing innovative technology and updated sales programs, which are examples of intensified focus on delivering value to our customers.”
According to Capital IQ, FalconStor Software has a market cap of $73.49 million, an enterprise value of $44.69 million.
FalconStor Software, Inc. develops, manufactures, and sells data migration, business continuity, disaster recovery, optimized backup, and de-duplication solutions worldwide. It builds products and solutions based on its IPStor software platform, which delivers storage virtualization, continuous data protection, WAN-optimized replication, and disaster recovery (DR) automation services to data centers. The companys business continuity and disaster recovery products include Network Storage Server solution that provides data storage provision and migration; Continuous Data Protector that combines local and remote protection into a disk-based solution, which allows organizations to recover data back to the most recent transaction; and RecoverTrac, a disaster recovery automation tool that streamlines the implementation, testing, and execution of DR operations. Its backup optimization products comprise Virtual Tape Library, a solution that reduces the amount of data needed to be stored on disk; and File-Interface Deduplication System that allows companies to optimize storage capacity services for disk-to-disk backup and archiving applications. The company also provides maintenance, implementation, and engineering services. FalconStor Software, Inc. offers its solutions for IT administrators and end users to recover data in the event of hardware failure, data corruption, deletion, or catastrophic site-level disaster; and to facilitate data and system restoration by minimizing impacts to business productivity. The company sells its products through value-added resellers or solution providers, system integrators, managed service providers, direct market resellers, distributors, and original equipment manufacturers. FalconStor Software, Inc. was founded in 1989 and is headquartered in Melville, New York.
Gary Quinn is 51 years old. According to his biography, Mr. Gary Quinn is President, Chief Executive Officer, Director of FalconStor Software, Inc. 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. 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.
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