Virtualization Technology News and Information
FalconStor Software is Named #5 on Forbes List of America's 25 Fastest-Growing Technology Companies
FalconStor Software, Inc. (NASDAQ: FALC), the market leader in disk-based data protection solutions, has placed #5 on Forbes´ annual list of America´s 25 Fastest-Growing Technology Companies. The list ranks technology companies whose sales growth, profitability, and earnings forecasts make them strong candidates for maintaining outstanding growth during the coming year and beyond.

Companies named to the Forbes Technology List must have at least 10% annualized sales gains over the past five years. In addition, candidates must be profitable over the past 12 months and have Thomson IBES consensus earnings forecasts of at least 10% annualized earnings growth over the next three to five years. Forbes also requires that companies named to the list have at least $25 million in sales over the past four quarters, no significant legal problems or accounting or corporate governance issues.

“FalconStor is honored to be recognized by such a prestigious media group as Forbes,” said ReiJane Huai, President and CEO of FalconStor. “We have worked hard to maintain double-digit annual growth, cutting-edge technology, a strong distribution channel, and a positive projected forecast for years. We are very pleased that this recognition by Forbes will make others aware of FalconStor´s track record and projections as we move toward the future.”
Published Monday, January 28, 2008 7:50 PM by David Marshall
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