UPDATED 15:43 EDT / NOVEMBER 09 2011

NEWS

FalconStor Hires New Executives, Reports Q3 Earnings

FalconStor appointed four new executives to key positions in the company over the week, shortly after revealing its quarterly earnings.

The cloud enterprise storage and backup solutions maker hired a number of industry veterans to fill a few critical positions in the company’s core management team.  Bryan Urquhart is FalconStor’s new chief financial officer, Philippe Bernard will assume control of sales and marketing in Europe, Middle East and Africa (EMEA), and Suresh Nair is now vice president of sales and marketing in the Asia Pasific Region. In addition, Jim Weber has been hired as the company’s vice president of operations.

“With these key appointments, we have succeeded in developing a world-class leadership team that should guide the company to greater innovation and growth,” said Jim McNiel, president and CEO of FalconStor. “The high quality, keen intellect and broad level of industry experience of the talent we have attracted support our vision of becoming a world leader in data protection – while validating our competitive position and market opportunity.”

Urquhart brings 20 years of experience in corporate financial management to FalconStor, coming from  Intergraph Corporation. Bernard and Nair have equally impressive resumes, considering that they have served in key roles involving sales and marketing for companies such as Broadcom, EMC and others.

The introduction of this new talent to FalconStor’s management team is designed to help solidify the company’s strategy around its expansion goals from more than one aspect. Perhaps not coincidentally, news of the new CFO and other the execs was revealed shortly after the company held its earnings call. The storage vendor met Thomson Reuters’ forecast of $0.06 earnings per share, and its stock traded up a bit in Tuesday.


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