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FalconStor Teams Up With HiNet

MELVILLE, N.Y. -- FalconStor Software, Inc. (NASDAQ: FALC), the provider of TOTALLY Open data protection solutions, today announced its expansion in the Software as a Service (SaaS) market, collaborating with HiNet – the Internet service provider (ISP) arm of Chunghwa Telecom (NYSE: CHT), Taiwan's largest information and telecom service provider – to make online backup services available to customers and small-and-medium-size businesses in Taiwan.

FalconStor develops open systems software for storage consolidation, virtualization, and data protection. Through its acquisition of Hong Kong-based World Venture, Ltd., a privately-held online backup and storage services developer for the Telco and enterprise markets, FalconStor enables end-to-end online backup services for ISPs. World Venture provides the front-end Web interface that allows customers to use FalconStor’s data protection services via the Internet.

"Software as a Service is a proven model for businesses and consumers to subscribe to WAN-optimized storage services over the broadband network,” said ReiJane Huai, chairman and CEO of FalconStor Software. “FalconStor Software’s totally open data protection has been deployed by enterprise customers around the world to replicate critical data to and from remote offices, data centers and disaster recovery sites. Our partnership with HiNet will enable us to leverage each other's core competencies to launch cost-effective SaaS-based services."

FalconStor Software Inc.