Partnership Extends Reach of Overland's World-Class REO Disk, NEO Tape,
ULTAMUS RAID SAN and Snap Server NAS Appliances to Channel Partners
SAN DIEGO, June 16 /PRNewswire-FirstCall/ -- Overland Storage, Inc.
(Nasdaq: OVRL) today announced that SYNNEX Corporation (NYSE: SNX), a leading
business process services company, has been named a new Overland North
American distribution partner. Under the terms of the strategic distribution
agreement, SYNNEX will add Overland's complete line of storage and data
protection appliances to the suite of solutions that SYNNEX already offers to
its more than 15,000 resellers.
The agreement reinforces Overland's continued channel commitment while
complementing the company's focus on bringing enterprise-class capabilities to
mid-range customers through affordable and reliable products that reduce
backup windows, accelerate recoveries, streamline data retention and
facilitate cost-effective disaster recovery. Additionally, the partnership
with SYNNEX will provide added benefits for Overland channel partners seeking
innovative disk-based backup and recovery, tape automation as well as SAN and
NAS data protection appliances.
According to Ravi Pendekanti, vice president of worldwide marketing for
Overland Storage, the distribution agreement with SYNNEX will broaden the
reach of Overland's products while providing channel partners with strong
technical expertise and support. "Overland is extremely pleased to partner
with SYNNEX to help its vast community of resellers solve ever-increasing data
protection problems," he says. "Together, we can offer a diverse portfolio of
solutions backed by the right level of technical support and responsive
service to ensure the availability and accessibility of business-critical
data."
SYNNEX will distribute Overland's complete product line, including REO
SERIES(R) disk-based backup and recovery, NEO SERIES(R) and ARCvault(TM)
award-winning tape automation, ULTAMUS(TM) RAID high-performance SAN and Snap
Server(R) NAS-based data protection appliances.
"Overland Storage is a well-recognized name in the storage industry, with
a reputation for developing affordable, reliable, cost competitive products
tailored for small, midrange and distributed enterprises," says Bob Stegner,
senior vice president of marketing, North America, for SYNNEX Corporation. "We
are very selective in determining which technologies are added to our arsenal
of products and are delighted to give our resellers the opportunity to choose
Overland for their customers' data protection needs."
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(TM) tape
libraries, REO SERIES(R) disk-based backup and recovery appliances with VTL
capabilities, Snap Server(R) NAS appliances, and ULTAMUS(TM) 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: 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. Other names and marks are the property of
their respective owners.
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
