FALCONSTOR SOFTWARE HOSTS THIRD QUARTER 2016 FINANCIAL TELECONFERENCE AND PRESENTATION

MELVILLE, N.Y., October 12, 2016 — After the close of market on Wednesday, November 2, 2016 FalconStor Software, Inc. (Nasdaq: FALC), will announce financial results for the third quarter 2016, which ended September 30, 2016. FalconStor will host a conference call at 4:30 PM EDT to discuss the results. In conjunction with the conference call, FalconStor will also host a presentation on the Internet.

WHO: Gary Quinn, President and Chief Executive Officer, FalconStor

Dan Murale, Vice President and Interim Chief Financial Officer, FalconStor

WHEN: Wednesday, November 2, 2016

4:30 PM EDT

HOW: Presentation:

To view the presentation, please copy and paste the following link into your browser and register for this meeting. Once you have registered for the meeting, you will receive an email message confirming your registration.

https://falconstor.webex.com/falconstor/j.php?RGID=rde6e605784f7caa3afa3d8498af14e11

Meeting: FalconStor Q3 2016 Earnings

Meeting Password: Q3numbers16

Meeting Number: 799 231 953

Conference Call:

To participate in the conference call, please dial:

Toll Free: 1-888-219-1217

International: +1-913-312-1448

Conference ID: 7335610

RSVP: If you are unable to register via the Internet, please contact Dori White, Investor Relations at 631-773-5819 or dori.white@falconstor.com

REPLAY:

A conference call replay will be available beginning November 2nd at 7:30 PM EDT through 7:30 PM EDT on November 9th. To listen to the replay of the call, dial:

Toll Free: 1-888-203-1112

International: +1 719-457-0820

Passcode: 7335610

About FalconStor

FalconStor® Software, Inc. (NASDAQ: FALC) is a leading software-defined storage company offering a converged data services software platform that is hardware agnostic. Our open, integrated flagship solution FreeStor® reduces vendor lock-in and gives enterprises the freedom to choose the applications and hardware components that make the best sense for their business. We empower organizations to modernize their data center with the right performance, in the right location, all while protecting existing investments. FalconStor’s mission is to maximize data availability and system uptime to ensure nonstop business productivity while simplifying data management to reduce operational costs. Our award-winning solutions are available and supported worldwide by OEMs as well as leading service providers, system integrators, resellers and FalconStor. The company is headquartered in Melville, N.Y. with offices throughout Europe and the Asia Pacific region. For more information, visit www.falconstor.com or call 1-866-NOW-FALC (866-669-3252).

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FalconStor, FalconStor Software, FreeStor, and Intelligent Abstraction are trademarks or registered trademarks of FalconStor Software, Inc., in the U.S. and other countries. All other company and product names contained herein may be trademarks of their respective holders.

Links to websites or pages controlled by parties other than FalconStor are provided for the reader’s convenience and information only. FalconStor does not incorporate into this release the information found at those links nor does FalconStor represent or warrant that any information found at those links is complete or accurate. Use of information obtained by following these links is at the reader’s own risk.