Business
FalconStor Awarded Third Patent for RecoverTrac™, The Leading Technology for Automating Data Recovery to Prevent Business Disruption
FalconStor Awarded Third Patent for RecoverTrac™, The Leading Technology for Automating Data Recovery to Prevent Business Disruption.
About this update from Falconstor Software, Inc.
[{"type":"text","content":"\n\n\n\nFalconStor Awarded Third Patent for RecoverTrac™, The Leading Technology for Automating Data Recovery to Prevent Business Disruption\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nFalconStor Awarded Third Patent for RecoverTrac™, The Leading Technology for Automating Data Recovery to Prevent Business Disruption\nPR Newswire\nAUSTIN, Texas, Oct. 24, 2018\n\n\n\nAUSTIN, Texas, Oct. 24, 2018 /PRNewswire/ -- FalconStor Software, Inc. (OTCQB: FALC), which provides the world's only vendor-agnostic software platform for comprehensive on-premises and cloud storage and data management, today announced that the company has been awarded a third patent for its RecoverTrac™ Technology (United States Patent and Trademark Office, Patent No. 10,073,745). \n\n \n \n\n \nRecoverTrac is the leading technology for automating data recovery to prevent data loss and business disruption in the event of an IT service outage or ransomware. It is an integral component of the FalconStor Data Mastery Platform (FreeStor®) and data protection and recovery solutions, Continuous Data Protector (CDP) and Network Storage Server (NSS), which are the most robust solutions in their category on the market.    \nService interruptions can occur any time due to power loss from natural disasters, power grid or other equipment failures, human error, malicious actions and more. They put organizations at high risk to lose data – their most valuable asset – and are very costly. For the Fortune 1000, the average cost of a critical application failure per hour is $500,000 to $1 million while the average total cost of unplanned application downtime per year is $1.25 billion to $2.5 billion, according to IDC. Incalculable indirect costs include lost productivity, lost customers, stunted business growth and reputational damage. \nRecoverTrac prevents these devastating impacts by automating the entire disaster recovery process, including testing and operational failover/failback, in any type of data center or heterogeneous environment. Data is  recov...