FalconStor CDP Maximizes Business Continuity for Maxim Group.NEW YORK -- FalconStor Software, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : FALC FALC Frame And Line Interface Component (electrical engineering) FALC French and African Language and Culture Center ), the market leader in disk-based data protection solutions, today announced that Maxim Group, a New York based investment banking, securities and investment management firm, has selected FalconStor([R]) Continuous Data Protection (CDP CDP (cytidine diphosphate): see cytosine. (1) (Certificate in Data Processing) An earlier award for the successful completion of an examination in hardware, software, systems analysis, programming, management and accounting, ) to ensure continuous availability of its financial products for its customers. Maxim Group was seeking to improve its business continuity and disaster recovery strategy. They wanted to enhance their current plan, focusing on speed of recoverability and integrity of data, in their primary data center, as well as at their remote branch offices. Working in conjunction with Chi Corporation, a leading FalconStor Solution Provider, the company chose the FalconStor CDP solution because it offered the fastest, most granular recovery of mission-critical databases, messaging data, and files; as well as bare metal recovery of entire systems. The solution will provide Maxim Group centralized backup, granular recoverability, and remote replication and offsite data protection. "The FalconStor CDP solution, powered by IPStor([R]), enables Maxim Group to leverage our existing infrastructure to implement a cost effective formal disk based backup and disaster recovery solution to meet our stringent RTO (Recovery Time Objective) The amount of time a computer system or application can stop functioning before it is considered intolerable to the enterprise. It can be computed to be from seconds to days, depending on how critical the application is to the organization. (Recovery Time Objective) and RPO (Recovery Point Objective), says John Michaels, CTO, Maxim Group. "The FalconStor CDP solution enables us to recover files, volumes, and mailboxes in the data center with complete transactional integrity in less than 10 minutes or even recover entire systems from a disaster within 30 minutes. After an extensive evaluation of various 3rd party solutions, FalconStor was the only company who could meet all of our requirements for business continuity." The implementation configuration will include FalconStor CDP210 6TB appliances, FalconStor DiskSafe[TM] backup agent to provide continuous block level protection and bare metal recoverability for Maxim's SQL and Exchange servers, as well as FalconStor FileSafe[TM] backup agent to protect their public drive directories, home drive files, and PST's. In addition to this local data protection, Maxim will leverage FalconStor bi-directional replication technology to replicate data between their primary datacenter and disaster recovery facilities in Woodbury. This will help John Michaels take a significant step toward achieving his goal of an enhanced DR strategy for Maxim Group. Looking forward, Michaels is already discussing with Chi Corporation the possibility of leveraging FalconStor technology behind a completely virtualized environment as the next phase in his vision. John R. Thome, Jr. from Chi Corporation states, "As a company focused on providing financial services and products tailored to each of its customers' specific needs, Maxim Group requires a data protection solution that is aligned with its customer service vision. FalconStor, with its breadth and depth of offerings is the ideal provider." Wendy Petty, Vice President North American Sales at FalconStor states, "We are pleased to team up with Chi to maximize the business continuity and resilience to a disaster for Maxim Group. The recent certifications of our solutions by VMware and HP continue to demonstrate FalconStor's commitment to enable our reseller partners to deliver well qualified solutions to end-user customers with optimal interoperability and rapid realization of ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ." About Maxim Group Maxim Group is a leading investment banking, securities and investment management firm. The Firm provides an array of financial services including: investment banking, equity research, private wealth management, structured products, and global institutional equity, fixed-income and derivative sales & trading to a diverse range of corporate clients, institutional investors and high net worth individuals. Maxim Group is registered as a broker-dealer with the U.S. Securities and Exchange Commission and is a member of the following: Financial Industry Regulatory Authority Not to be confused with NASD. In the United States, the Financial Industry Regulatory Authority (FINRA) is a new self-regulatory organization (SRO) under the Securities Exchange Act of 1934, successor to the National Association of Securities Dealers, Inc. (NASD). (FINRA FINRA Financial Industry Regulatory Authority (formerly Securities Industry Regulatory Authority) ); Municipal Securities Rulemaking Board The Municipal Securities Rulemaking Board, often referred to simply as the MSRB, makes rules regulating broker-dealers and banks that deal in municipal bonds, municipal notes, and other municipal securities in the United States. (MSRB MSRB See Municipal Securities Rulemaking Board (MSRB). ); Securities Insurance Protection Corporation (SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. ); International Securities Exchange (ISE Ise (ē`sā), city (1990 pop. 104,164), Mie prefecture, S Honshu, Japan, on Ise Bay. It is one of the foremost religious centers of Shinto, the site of the shrines of Ise. ); NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. ; and NYSE Arca, Inc. For additional information, please visit http://www.maximgrp.com. About Chi Corporation Chi Corporation is a leading specialist in storage networking solutions. Since the late 60's when Chi evolved out of Case Western Reserve University, businesses around the world have depended on Chi Corporation to deliver comprehensive solutions that store, distribute, manage, and protect their organization's chief asset - information. Chi Corporation provides backup and data storage solutions from hardware vendors such as Hitachi Data Systems See HDS. , Overland Storage, and Quantum and software solutions from FalconStor, BakBone, CommVault, and CA. Chi Corporation also provides complete RAID and NAS (1) See network access server. (2) (Network Attached Storage) A specialized file server that connects to the network. A NAS device contains a slimmed-down operating system and a file system and processes only I/O requests by supporting the popular solutions scaling from desktop RAID solutions to enterprise level SAN configurations with products from Nexsan, FalconStor, and Qlogic. About FalconStor FalconStor Software, Inc. (NASDAQ: FALC) is the market leader in disk-based data protection. We deliver proven, comprehensive data protection solutions that facilitate the continuous availability of business-critical data with speed, integrity, and simplicity. Our technology-independent solutions, built upon the award-winning IPStor([R]) virtualization platform, include the industry leading VirtualTape Library (VTL) with Single Instance Repository (SIR) for de-duplication, Continuous Data Protection (CDP), Storage Virtualization, and Replication for disaster recovery and remote office protection. Our products are available from major OEMs and solution providers including EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. , SUN, Brocade, H3C, and COPAN Co·pán A ruined Mayan city of western Honduras that flourished from c. 300 b.c. to a.d. 900. The ruins include the Hieroglyphic Stairway with nearly 2,000 glyphs. and are deployed by thousands of customers worldwide, from small businesses to Fortune 1000 enterprises. FalconStor is headquartered in Melville, N.Y., with offices throughout Europe and the Asia Pacific regions including Paris, Tokyo and Taiwan. For more information, visit www.falconstor.com or call 1-866-NOW-FALC (866-669-3252). FalconStor, FalconStor Software, and IPStor are registered trademarks and DiskSafe and FileSafe are trademarks of FalconStor Software, Inc., in the United States and other countries. All other trademarks are the properties of their respective owners. |
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