MELVILLE, N.Y. -- FalconStor Software, Inc. (NASDAQ: FALC - News), the market leader in disk-based data protection solutions, today announced that it has continued its expansion and investment in the Peoples Republic of China by entering into a joint venture agreement with the Institute of Computing Technology of the Chinese Academy of Science (CAS) and others to establish a company that will research, produce, and market enterprise-class Storage, Archiving and Compliance solutions domestically and internationally. Other investors in the company, to be known as Tianjin Zhongke Blue Whale Information Technologies Co., Ltd. (Blue Whale), include the Tianjin Hi-Tech Industry Park Hi-Tech Investment Management Co., Ltd. Blue Whale will be located in the Tianjin Hi-Tech Industry Park.
We are looking forward to leveraging the award-winning FalconStor® IPStor® storage infrastructure software to augment Blue Whales SAN-based clustered file system with enterprise class snapshot, replication, and de-duplication services, said Lu Xu, President of Tianjin Zhongke Blue Whale Information Technologies. Besides technical collaboration, we expect to deliver our SAN solutions via FalconStors worldwide reseller network and support infrastructure.
We are excited to enter into this joint venture with key strategic partners - the Institute of Computing Technology of the Chinese Academy of Science and the Tianjin Hi-Tech Industry Park, said ReiJane Huai, Chairman and Chief Executive Officer, FalconStor Software. We view China as a key growth area. The solution, to be jointly developed and to be sold by Blue Whale and FalconStor, will further our penetration in both the Chinese and the global markets.
FalconStor Software Inc.
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