Astrum to Provide Critical Technology in the Development Of Overland's Comprehensive Family of Storage Management Solutions
Overland Data, Inc. (Nasdaq: OVRL), the fastest growing provider of enterprise and mid-range storage solutions, and Astrum Software, a leading provider of storage resource management (SRM) software, today announced they are working together to bring a new family of Overland-branded storage management software solutions to market. As part of their technology agreement, Overland will use Astrum technology in the development of its family of storage management solutions, including the Overland Storage Resource Manager and Overland Storage Planner."Astrum Software clearly provides the highest quality technology in storage management," said John Cloyd, vice president and general manager of Overland's Storage Management Business Unit. "Through this partnership, we are confident that we can serve the growing need for more efficient storage management with an open product designed for ease of use, and deliver immediate ROI for our customers."
The first of the Overland-branded storage solutions to be released is the Overland Storage Resource Manager, which enables policy-based storage management and allows users to easily detect problems, take corrective action and adjust storage resources in a matter of minutes to realize immediate ROI in a wide variety of storage environments. Some of the world's leading educational and Global 1000 organizations have already deployed Astrum's SRM technology.
Overland and Astrum also are jointly developing the new Overland Storage Planner, scheduled to ship this fall. Storage or IT professionals can use Overland Storage Planner to easily design custom storage area network (SAN) environments for any organization, using their existing assets as a foundation.
"Astrum Software is pleased to announce our partnership with Overland, an industry leader," said F. Daniel Haley, president and CEO of Astrum Software. "Overland now delivers the industry's best SRM tools to the largest possible customer channel. Joint product development with Overland means we not only get global distribution and support for our leading technology, but we will also receive invaluable input from Overland's customer base. This input will enable our world-class development team to more quickly and effectively develop storage management software products that best serve our customers' needs."
"This partnership represents a win-win for both companies," said Bill North, director of storage software research at market research firm IDC. "Astrum Software gets much broader distribution for its leading storage management software technology and Overland significantly expands its solutions offering by adding software to the mix."
In related press releases today, Overland announced the complete family of Overland-branded software solutions. The company also announced specific features, benefits, pricing and availability for the Overland Storage Resource Manager, which ships today.
About Astrum Software
Astrum(R) Software, a privately held company based in Boston, Massachusetts, delivers storage resource management solutions for the multi- vendor, heterogeneous enterprises within the Global 1000. Astrum Software's StorCast(R) provides policy management, enables proactive IT planning, optimizes storage resources, reduces storage TCO and ensures the performance and availability of an organization's most critical assets -- data and IT infrastructure. For more information on Astrum Software visit the company's Web site, http://www.astrumsoftware.com .
About Overland Data
Overland Data, Inc. (Nasdaq: OVRL) is a global supplier of innovative storage solutions for computer networks. The Company's reputation for delivering high availability products, including the award-winning NEO Series of tape libraries, sets the standard for intelligent, automated storage and scalability. 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.overlanddata.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 and satisfaction with current or future 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 economic conditions and 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 any new hardware, software or other product introduction by the company and its competitors, general competition and price pressures in the marketplace and the company's ability to control costs and expenses. 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.
Astrum and StorCast are registered with U.S. Patent and Trademark Office. All other company and product names are trademarks of their respective owners.
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SOURCE Overland Data, Inc.
CONTACT: Investor Relations, Cynthia A. Bond, Director of Corporate Communications, of Overland Data, Inc., +1-858-571-5555, cbond@overlanddata.com; or Media, Jamie Cohen of Brodeur Worldwide, +1-310-316-9335, jcohen@brodeur.com, for Overland Data, Inc.; or Media, Suzanne Hardy of Astrum Software, +1-617-242-5757, ext. 153, suzanne.hardy@astrumsoftware.com URL: http://www.astrumsoftware.com http://www.overlanddata.com http://www.prnewswire.com
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