Overland Storage (NASDAQ:OVRL)
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Overland Storage Leads Disk-Based Backup Market, Surpasses 1,000
REOs Shipped
1,000th Unit Purchased by Rover USA to Protect Customers' Mission-Critical
Business Data
SAN DIEGO, March 21 /PRNewswire-FirstCall/ -- Responding to growing demand for
disk-based backup and recovery, Overland Storage, Inc. (NASDAQ:OVRL), a leading
provider of backup and recovery solutions, has shipped more than 1,000 REO(TM)
appliances, more disk-based appliances than any other vendor. The REO SERIES
of disk-to-disk backup and recovery appliances improve backup reliability,
provide near-instant data recovery and significantly reduce backup
administration time. As a result, businesses like Rover USA, which purchased
the 1,000th REO, can protect growing volumes of data more efficiently and
affordably than ever before.
"Our REO product line has been one of the most successful products in the
company's history. We have nearly doubled REO unit sales on a sequential
quarter basis over the last year," said Christopher Calisi, president and CEO,
Overland Storage. "As data grows unhindered and business pressures on IT
departments increase, backup and recovery remain a challenge. The REO delivers
unparalleled reliability, instantaneous restores and shorter backup windows.
Increasingly, customers are taking advantage of the efficiencies REO provides."
For Rover USA, reliable, efficient backup and recovery is a business
imperative. The company provides affordable, web-based business and
productivity applications for small businesses. Their flagship product,
Wherever-Ware(R), includes turn-key email services, instant messaging,
scheduling, contact management and secure network drives for file storage, all
of which are accessible via the web. These applications and the network
infrastructure to support them are hosted and maintained by Rover USA.
To further enhance its disaster recovery and data protection strategies, Rover
USA selected the Overland Storage REO 9000 disk-to-disk appliance along with
the Overland Storage NEO 2000 tape library. Rover USA deployed the REO 9000
for nearline storage of customer data, and the NEO 2000 for long-term storage.
This disk-to-disk-to-tape implementation enables Rover USA to better meet
service level agreements and recovery time objectives for its customers.
Veristor, an Overland Storage value-added reseller, facilitated the sale.
"Rover USA's success depends solely on storing and protecting our customers'
mission-critical business data. As a result, we buy only the very best
technology products on the market," said Bryan Kearney, chief executive
officer, Rover USA. "That's why we selected the Overland Storage REO 9000
disk-to-disk appliance and the NEO 2000 tape library. With these products, our
customers' data is reliably backed up and easy to recover instantly, enabling
Rover USA to fulfill the promises we make to our customers, and grow with a
product that expands as we do."
"There are 30 million small-to-medium businesses and branch offices that suffer
from a lack of IT resources, and the impact of not having sufficient data
protection can be devastating," explained Steve Duplessie, founder and senior
analyst with Enterprise Strategy Group. "Today, affordable disk as virtual
tape offers the dual benefit of accelerating backup and recovery times without
introducing risk into the storage environment. This is where the REO excels.
Given the REO's success, Overland has emerged as a clear leader in disk-based
backup."
The REO SERIES as well as the NEO SERIES of tape libraries and autoloaders are
available through Overland partners worldwide.
About Overland Storage
For almost 25 years, Overland Storage has delivered world-class data protection
solutions designed to ensure business continuity. Focused on backup and
recovery, Overland's data protection solutions include the REO(TM) family of
disk-based backup and recovery appliances and the award-winning NEO SERIES(R)
of tape libraries. Overland sells its products worldwide through leading OEMs,
commercial distributors, storage integrators and value-added resellers. For
more information, visit Overland's website at http://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 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 delays, unbudgeted
expenses, inefficiencies and production problems that may result from the
transition of manufacturing to Sanmina-SCI; difficulty of predicting sales to
the company's major OEM customer; worldwide information technology spending
levels; unexpected shortages of critical components; rescheduling or
cancellation of customer orders; loss of a major customer; the market
acceptance of the company's REO product line, the timing and market acceptance
of new product introductions by the company, including the company's new
software PACs, competitors or licensees of the company; 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 general
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.
All trademarks, trade names, service marks, and logos referenced herein belong
to their respective companies.
DATASOURCE: Overland Storage, Inc.
CONTACT: Media Inquiries, Melinda Hutcheon, PR Manager, Overland
Storage, Inc., +1-858-495-4187, ; or Chris Walker
of Brodeur, +1-602-808-1170, , for Overland Storage, Inc.
Web site: http://www.overlandstorage.com/