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TMCNet:  Photo Release -- Acolyst Appoints Charles

[July 22, 2014]

Photo Release -- Acolyst Appoints Charles "Chuck" Corjay as Executive Vice President of Strategic Growth for the Acolyst | FalconStor Federal Team

(GlobeNewswire Via Acquire Media NewsEdge) MELVILLE, N.Y. & STAFFORD, Va., July 22, 2014 (GLOBE NEWSWIRE) -- FalconStor Software®, Inc. (Nasdaq:FALC), a global data storage leader, and Acolyst, a seasoned government technology consultant, are pleased to announce the appointment of Charles "Chuck" R. Corjay as the Executive Vice President of Strategic Growth for their newly created joint federal team. In his new role, Corjay will be responsible for expanding FalconStor's federal business, focusing on civilian, Department of Defense (DOD), and intelligence agencies.


Charles "Chuck" R. Corjay joins Acolyst as Executive Vice President of Strategic Growth for the Acolyst | FalconStor Federal Team A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=26605 "We are thrilled to welcome Chuck to our executive management team as a key driver of strategic growth," said Ellie Nazemoff, CEO and President of Acolyst. "As our custom designed Acolyst | FalconStor Federal program enters its execution phase, Chuck's sterling reputation, expansive network, unique insight, and extensive government technology expertise will prove invaluable to our team." Corjay brings over 40 years of domestic and international business experience, having served a wide range of clients at the Department of Defense and throughout the U.S. Federal government, as well as state and local governments. Before joining Acolyst, he was Senior Vice President of Government and Business Relations at CACI International for 24 years.   "I am excited for the opportunity to bring FalconStor's strong storage offerings to solution providers at a time when green IT solutions are needed more than ever. FalconStor's portfolio meets immediate government service level agreement (SLA) requirements and can be deployed rapidly to support the Federal Data Center Consolidation Initiative, Continuity of Operations, and Disaster Recovery mandates. Plus, FalconStor's technology has the unique ability to address data migration, storage capacity, and virtualization needs, while reducing floor space requirements, power and cooling by 97 percent. Not only does this help with performance, but also lowers the cost of data center hardware, software, and operations," said Corjay.

Corjay was named to Federal Computer Week's (FCW) Federal 100 list of leaders who have had a positive impact on federal information technology practices. Additionally, he currently serves as the Chairman of the Board for the Armed Forces Electronic Communications and Electronics Association (AFCEA) NOVA Chapter.  In 1994, he was the first recipient of the Northern Virginia AFCEAN of the Year Award, now known as "The Corjay Award" in his honor.  Since then, Corjay has received the AFCEA International highest award  three times, an achievement that has not been achieved since. Mr. Corjay served in the U.S. Air Force for seven and half years during the Korean conflict and currently resides in McLean, VA.  About Acolyst Acolyst has been providing high-level business and technology management consulting services to the U.S. Government for over 25 years. A family-owned and operated firm, Acolyst prides itself on approaching its business relationships with passion and excitement – something not often seen in the consulting world. Acolyst intimately understands the unique challenges faced by federal clients and can deftly navigate through complex systems, processes and red tape to achieve lasting, impactful results. Often, the government sector is challenged to optimize its assets, frequently in a short timeline, and Acolyst's blend of consulting expertise and cutting-edge technology enables clients to exceed their goals. In addition to working with junior and senior levels of government management, Acolyst has federal contracts to provide exceptional Data & IT Governance, Business & IT Performance, GRC & Legal, Data Management and Technology solutions. Acolyst is headquartered in Stafford, VA. For more information about Acolyst, visit www.acolyst.com or call 844-ACOLYST (844-226-5978).  About FalconStor Software FalconStor Software, Inc. (Nasdaq:FALC) is transforming how enterprises move, store, protect and optimize data. Founded in 2000, FalconStor offers an award-winning platform for data migration, business continuity, disaster recovery, optimized backup and deduplication. FalconStor helps maximize data availability and system uptime to ensure nonstop business productivity, while simplifying data management to reduce operational costs. Our open, integrated software solutions reduce vendor lock-in and give enterprises the freedom to choose the applications and hardware components that make the best sense for their business. FalconStor solutions are available and supported by OEMs, as well as leading system integrators and resellers worldwide. FalconStor is headquartered in Melville, N.Y. with offices throughout Europe and the Asia Pacific region. For more information, visit http://www.falconstor.com or call 1-866-NOW-FALC (866-669-3252).

Follow us on Twitter – Watch us on YouTube – Connect with us on LinkedIn FalconStor and FalconStor Software are either trademarks or registered trademarks of FalconStor Software, Inc., in the U.S. and other countries. All other company and product names contained herein may be trademarks of their respective holders.

Links to websites or pages controlled by parties other than FalconStor are provided for the reader's convenience and information only. FalconStor does not incorporate into this release the information found at those links nor does FalconStor represent or warrant that any information found at those links is complete or accurate. Use of information obtained by following these links is at the reader's own risk.

The photo is also available via AP PhotoExpress.

CONTACT: Tim Sheets FalconStor Software, Inc.

631-773-4345 timothy.sheets@falconstor.com Jackie Savage Epoch 5 Public Relations 631-427-1713 jsavage@epoch5.com Tracy Grigoriades Acolyst 540-370-0010 x 106 tracy.grigoriades@acolyst.com Source: FalconStor Software 2014 GlobeNewswire, Inc.

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