Reinforced Focus on Solving Real-World Data Protection Problems through
Increased Development of Complementary NAS- and SAN-Based Data Protection
Bundles
SAN DIEGO, Jan. 22 /PRNewswire-FirstCall/ -- Overland Storage, Inc.
(Nasdaq: OVRL) today announced the creation of a Solutions Engineering Group
focused on expediting the development and delivery of complete data protection
offerings that solve today's toughest data protection problems. The newly
formed team will leverage Overland's existing portfolio of tape, disk, NAS and
SAN products along with innovative applications and third-party products to
address a vast array of data protection challenges.
Dan Davies, a storage industry veteran who previously led the company's
applications engineering organization, will spearhead the new group as vice
president of solutions engineering. In this new role, Davies will be
responsible for defining, testing and delivering market-leading solutions that
meet the ever-evolving data protection needs of Overland's partners and
customers worldwide. Overland's global sales and marketing organizations also
have been realigned to ensure widespread support of the company's
solution-selling efforts.
According to Vern LoForti, president and CEO of Overland Storage, this
strengthened focus on developing integrated data protection solutions will
enable Overland and its channel partners to be more agile and responsive in
delivering complete turnkey solutions that help end-users solve their data
protection problems more easily and affordably. "In today's extremely
challenging economic environment, it's imperative for Overland to deliver
total solutions that help our partners expedite sales and implementation," he
says. "In addition, our new solutions engineering strategy will allow us to
minimize spending, while leveraging our existing product platforms and
resources by adding value through increased partnerships and licensing
arrangements. The ultimate goal is an improved offering for our customers,
reduced expense in our business model and a faster return to profitability."
Overland's recent move into the video surveillance market is an example of
this renewed focus on solutions-focused engineering and sales. In October
2008, Overland announced a strategic alliance with Mobotix Vision Systems, the
leader in high-resolution IP cameras, to speed the deployment of integrated
video surveillance and archiving solutions featuring Mobotix cameras and
Overland's high-performance, economical Snap Server network attached storage
(NAS). Overland's new Solutions Engineering team will continue to pursue
additional joint solutions where the company can integrate other applications
with its REO(R) disk backup VTLs, NEO(R) and ARCvault(R) tape libraries, as
well as Snap Server(R) NAS and ULTAMUS(R) RAID SAN appliances to meet the
widest possible range of end-user requirements.
Overland's solutions focus aligns well with the needs of key resellers and
channel partners in the data protection market. "Overland's elevated solutions
approach complements our focus on virtualization, archiving and business
continuity applications to provide tremendous value to our customers," says
Dave Rasmussen, senior sales consultant at Mosaic Technology. "Overland's
product set, combined with their understanding of what it takes to deliver a
complete solution, not only makes them highly capable of solving real-world
problems but also helps us close business much faster."
About Overland Storage
Overland Storage provides affordable end-to-end data protection solutions
that are engineered to store smarter, protect faster and extend anywhere --
across networked storage, media types and multi-site environments. Overland
Storage products include award-winning NEO SERIES(R) and ARCvault(R) tape
libraries, REO SERIES(R) disk-based backup and recovery appliances with VTL
capabilities, Snap Server(R) NAS appliances, and ULTAMUS(R) RAID
high-performance, high-density storage. Overland sells its products through
leading OEMs, commercial distributors, storage integrators and value-added
resellers. For more information, visit Overland's web site at
www.overlandstorage.com.
Except for the factual statements made herein, the information contained
in this news release consists of forward-looking statements that involve
risks, uncertainties and assumptions that are difficult to predict. Words and
expressions reflecting optimism, satisfaction or disappointment with current
prospects, as well as words such as "believe," "hopes," "intends,"
"estimates," "expects," "projects," "plans," "anticipates" and variations
thereof, identify forward-looking statements, but their absence does not mean
that a statement is not forward-looking. Such forward-looking statements are
not guarantees of performance and the company's actual results could differ
materially from those contained in such statements. Factors that could cause
or contribute to such differences include: unexpected delays or costs related
to the acquisition and integration of the Snap business; possible delays in
new product introductions and shipments; failure to achieve desired benefits
from cost-cutting measures; market acceptance of the company's new product
offerings; the ability to maintain strong relationships with branded channel
partners; the timing and market acceptance of new product introductions by
competitors; worldwide information technology spending levels; unexpected
shortages of critical components; rescheduling or cancellation of customer
orders; loss of a major customer; general competition and price pressures in
the marketplace; the company's ability to control costs and expenses; and
general economic conditions. Reference is also made to other factors detailed
from time to time in the company's periodic reports filed with the Securities
and Exchange Commission. These forward-looking statements speak only as of the
date of this release and the company undertakes no obligation to publicly
update any forward-looking statements to reflect new information, events or
circumstances after the date of this release.
Overland, Overland Storage, REO Series, REO, NEO Series, NEO, ARCvault,
ULTAMUS, Snap Server, GuardianOS and Snap Enterprise Data Replicator are
trademarks of Overland Storage, Inc.
SOURCE Overland Storage, Inc.
CONTACT: Sue Hetzel of HetzelMeade Communications, +1-760-434-9927,
sue@hetzelmeade.com, for Overland Storage, Inc.
Web Site: http://www.overlandstorage.com
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