FalconStor Software, Inc. (FalconStor) is a provider of disk-based data protection solutions. The Company delivers data protection solutions that facilitate the availability of business-critical data. The Company’s TOTALLY Open data protection solutions, built upon the IPStor virtualization platform, include the virtual tape library (VTL) with – more... data deduplication for backup optimization, continuous data protector (CDP), network storage server (NSS) for storage virtualization and provisioning, and the File interface deduplication system (FDS) for capacity optimized storage solutions. During the year ended December 31, 2008, FalconStor had two customers EMC Corporation and Sun Microsystems, which accounted for 20% and 13%, respectively, of its total revenues. On July 1, 2008, the Company acquired certain assets of World Venture Limited (World Venture), a network storage software business based in Hong Kong.
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