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SBU ALUMNI DO IT
AGAIN!
RANKED # 2 in NY!!! |
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CTO & VP of Engineering Wai
Lam is an SBU undergrad alumnus
and performer in China Night as a student, and Chairman and
founder of FalconStor ReiJane Huai got his MS at the Brook too! |
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And we guess Wai deserves an
additional pat on the back. In the
first article written about FalconStor, CTO was not one of his
titles! |
FalconStor Named One of New York’s Fastest Growing
Technology Companies
in Deloitte’s Technology Fast 50 Program
Attributes Technical Innovation and
Market Execution
to its Revenue Growth from 2000–2004
MELVILLE, N.Y.
FalconStor Software, Inc. (Nasdaq: FALC), a leading developer of network
storage software solutions, announced it has been named to Deloitte's
prestigious Technology Fast 50 Program for New York, a ranking of the 50
fastest growing technology companies in the area. Rankings are based on
the percentage revenue growth over five years from 2000–2004.
“Deloitte’s New York Technology Fast 50 companies have shown the
strength, vision and creativity to succeed in today’s very competitive
technology environment,” said Ed Moran, a director at Deloitte Services
LP, who leads the product innovation group and is the chairperson of the
New York Technology Fast 50. “We applaud the successes of FalconStor and
acknowledge it as one of the very few to accomplish such a fast growth
rate over the past five years.”
FalconStor Chairman and CEO ReiJane Huai credits the Company’s ability
to balance technical innovation and market execution in an increasingly
competitive environment for the company's revenue growth from 2000–2004.
Huai said, “Our innovative disk-based backup, data protection solutions
have rapidly gained global market acceptance and industry recognition as
the solutions of choice, as evidenced by the rising number of strategic
relationships established between FalconStor and other Tier 1 industry
leaders.”
FalconStor's increase in revenues from 2000 to 2004 resulted in a number
two ranking in the Technology Fast 50 for New York. The average increase
in revenues among companies who made the Technology Fast 50 for this
region was 36% percent. This is the first time that the regional Fast 50
program has focused on the entire state; previously, the program focused
on the New York City metropolitan area.
To qualify for the New York Technology Fast 50, companies must have had
operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, be
headquartered in the state, and be a “technology company,” defined as
a company that owns proprietary technology that contributes to a
significant portion of the company's operating revenues; or devotes a
significant proportion of revenues to the research and development of
technology. Using other companies' technology in a unique way does not
qualify.
http://www.falconstor.com
Previous article on FalconStor: http://www.aa2sbu.org/Alumni/FalconStor/FalconStor.html
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