SAN DIEGO, July 1, 2003 – Overland Storage (NASDAQ: OVRL), a leading provider of storage solutions, today announced enhanced development of its Storage Resource Manager (SRM) software on the Network Attached Storage (NAS) platform. Overland is working with Network Appliance, the leading provider of NAS solutions, to deliver reliable and effective storage solutions through its membership in the Network Appliance Advantage Developer Program. Participation in the program provides Overland with access to the Network Appliance Application Program Interface (API) tools and support for higher levels of SRM compatibility with their popular NAS products. This assures IT professionals of seamless integration when implementing SRM in a NAS environment.
"For end users, it's important that SRM software is interoperable within any storage environment they choose," said John Cloyd, vice president of Overland's storage management business unit. "Network Appliance offers a variety of high performance products for primary and nearline storage, as well as gateway and content delivery solutions. We expect that their product depth joined with Overland's will provide a strong set of storage solutions for our customers and a solid baseline for NAS-oriented development."
Overland SRM is designed to help businesses reduce their costs of acquiring and managing their IT storage by providing the tools that enable the development of automated storage management, invariably reducing cost. Overland's active SRM supports Windows NT/2000, Novell Netware, Sun Solaris, AIX, HP-UX and Linux operating environments, as well as NAS and SAN storage. In addition, Overland SRM is fully compatible with all leading brands of server/storage products. Overland active SRM product benefits include:
Easy to use browser-based user interface Fast, non-intrusive installation with automatic push agents Full compatibility with all popular operating environments Automated data discovery with a rich suite of standard reports Customized powerful reporting capability Automated reporting, trend analysis, threshold setting/monitoring, and automatic alarm notification for when policies are breached or thresholds are crossed Quota-based storage management Comprehensive notification tools such as SNMP, email, pager and pop-up messages
Overland Storage products are available though leading storage partners worldwide. To find the one nearest you or for more information on Overland's SRM software, please call 1-800-729-8725 or visit www.overlandstorage.com.
About Overland Storage Overland Storage, Inc. (NASDAQ: OVRL) is a leading global supplier of innovative hardware and software storage solutions for mid-range computer networks. The Company delivers high availability products, including award-winning automated storage libraries that set the standard for intelligent, automated and scalable storage. Overland sells its products worldwide through leading OEMs, commercial distributors, storage integrators and value-added resellers. For more information, visit Overland's Web site at www.overlandstorage.com.
CONTACT INFORMATION:
OVERLAND STORAGE INVESTOR RELATIONS:Cynthia A. Bond, Director of Corporate Communications
cbond@overlandstorage.com
(858) 571-5555
MEDIA INQUIRIES:
Jamie Ernst
Brodeur Worldwide
jernst@brodeur.com
(310) 316-9335
All product and company names herein may be trademarks of their respective owners. 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 and satisfaction with current prospects, as well as words such as "believe," "intends," "expects," "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 continuing transitional issues at the Company's major OEM customer, technology spending levels, unexpected shortages of critical components, rescheduling or cancellation of customer orders, loss of a major customer, the timing and market acceptance of new product introductions by the Company, including the Company's new software products, its competitors or its licensees, the timing and amount of licensing royalties, general competition and price pressures in the marketplace, the Company's ability to control costs and expenses and economic conditions. Reference is also made to other factors set forth in the Company's filings with the Securities and Exchange Commission, including the "Risk Factors," "Management's Discussion and Analysis" and other sections of the Company's Form 10-K for the most recently completed fiscal year. 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.
