Four New Executives at FalconStor for Finance, Operations and Sales

FalconStor Software, Inc.
announced that it has strengthened its worldwide finance, operations and sales
management with the appointment of Bryan Urquhart as chief financial officer,
Jim Weber as vice president of operations, Philippe Bernard as general manager
and vice president of sales and marketing EMEA, and Suresh Nair as vice president of sales and marketing for APAC.

The new
executive appointments complete and fortify FalconStor’s core management team
and are designed to drive company expansion, enhance worldwide operations and
accelerate sales momentum. Urquhart will head up global finance. Bernard and
Nair will oversee FalconStor’s international sales and marketing, furthering
the company’s market penetration and leadership.

"With these key appointments, we have
succeeded in developing a world-class leadership team that should guide the
company to greater innovation and growth," said Jim McNiel, president
and CEO of FalconStor. "The high
quality, keen intellect and broad level of industry experience of the talent we
have attracted support our vision of becoming a world leader in data protection
– while validating our competitive position and market opportunity."

Urquhart, an
experienced finance and operations executive with 20 years of experience, most
recently served as executive vice president and chief financial officer at
Intergraph Corporation, where he improved the company’s annual cash flow and
profitability and completed its strategic $2 billion sale. Prior to Intergraph,
Urquhart was the senior vice president of worldwide operations and finance at
Computer Associates, Inc where he managed strategic planning,
development and business operations. Urquhart joined CA after its acquisition
of Sterling Software, where he was vice president and CFO of the storage
management division.

Bernard has
more than 20 years of experience in storage and technology sales throughout
Europe. During his 10 years at Brocade Communications, he directed
international sales in positions across Europe, the Middle East and Eastern
Europe. Most recently, while serving as regional sales director, Bernard
expanded the sales team and defined a new channel strategy that led to
above-quota performance and 45 percent revenue growth in the 2010 fiscal year.

Nair has storage sales experience, most recently as EMC‘s regional sales
director for Asia Pacific and Japan. At EMC, he established and led a regional
sales team within the unified storage business and influenced the channel
strategy resulting in an 85 percent year-on-year growth in fiscal year 2010.
Nair was regional director of the Association of Southeast Asian Nations
(ASEAN) for NetApp, Inc., regional sales director for ASEAN/India at McData
Corporation, and regional business director in Asia Pacific for Hewlett
Packard.