FalconStor Software, Inc. Announces Management Changes
April 11, 2018 at 10:26 pm
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The Board of Directors of FalconStor Software, Inc. accepted the resignation of Patrick McClain from his positions as Executive Vice President, Chief Financial Officer and Treasurer of the Company effective April 9, 2018. Mr. McClain will assist in the transition of the Chief Financial Officer role and will transition into a senior advisor role in the Company. On April 5, 2018, the Company announced the appointment of Brad Wolfe to serve as the Company's Executive Vice President, Chief Financial Officer and Treasurer, effective April 9, 2018.
Mr. Wolfe shall also assume the roles of principal financial officer and principal accounting officer of the Company. Mr. Wolfe, 58, brings more than 30 years of finance and operations experience, including extensive growth-focused leadership within public and private equity, as well as M&A. Prior to joining the Company, Mr. Wolfe served as Chief Financial Officer for Asure Software from October 2014 to July 2017. Prior to joining Asure Software, Mr. Wolfe spent most of the last 14 years with DCI Group and their related entities and investments, where he served in consulting, office and executive finance and operational roles for the firm's subsidiary and portfolio companies to promote their growth and profitability.
FalconStor Software, Inc. is a provider of data protection software with a focus on recovery and backup operations for the hybrid cloud world. The Company enables enterprise customers and managed service providers to secure, migrate, and protect their data while reducing data storage. Its products are offered through and supported by a worldwide network of original equipment manufacturers (OEMs), managed service providers (MSPs), systems integrators, and resellers. Its products are StorSafe, Virtual Tape Library (VTL), Continuous Data Protector (CDP), Network Storage Server (NSS) and StorSight. The Companyâs supporting technologies include RecoverTrac (RecoverTrac) Disaster Recovery Technology and MicroScan (MicroScan) Technology. FalconStor and FalconStor Software are trademarks of the Company in the United States and other countries. Its geographical areas include the Americas, Asia Pacific, and Europe, the Middle East, Africa, and other.