Overland Storage (NASDAQ:OVRL)
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Overland Storage Names Michael Kerman Chief Strategy Officer
Strategic Marketing Expert Brings 18-Year Record of Success to Backup and
Recovery Leader
SAN DIEGO, Sept. 7 /PRNewswire-FirstCall/ -- Overland Storage, Inc.
(NASDAQ:OVRL), a leading provider of backup and recovery solutions, today
announced the appointment of Michael Kerman to its executive team as vice
president and chief strategy officer. Kerman will oversee corporate marketing,
product marketing and product management, as well as lead efforts around
corporate strategy, new business opportunities and business intelligence. He
brings more than 18 years of experience in leading technology organizations and
developing customer and market-focused strategies resulting in award-winning
solutions for the consumer, mid-market and enterprise markets.
"I have known and worked with Michael for many years and am proud he is
bringing his strategic counsel and innovative marketing and product management
expertise to Overland," said Christopher Calisi, president and CEO of Overland
Storage. "His knowledge and proven record in creating successful strategies
and programs will be invaluable as Overland embarks on an aggressive product
release schedule, launching a complete range of flexible, reliable and
affordable backup and recovery solutions."
"Overland has demonstrated its leadership year after year by staying in front
of customer needs and delivering innovative backup and recovery solutions. I'm
very excited to be part of this team," Kerman said. "I look forward to playing
a role in bringing Overland's leadership in the storage industry to even
greater heights."
Kerman, 40, joins Overland from Computer Associates, the world's largest
management software company, where he most recently served as vice president of
marketing responsible for field marketing, sales enablement and lead generation
for North America. Prior to that, he held director of product marketing and
senior product management positions in Computer Associates' flagship Unicenter
business unit. Before joining Computer Associates, Kerman was the vice
president at Symantec Corporation, a global leader in information security.
There he oversaw all aspects of development, marketing, product management and
strategic planning for a 190-person, $290 million business unit that
consistently delivered award-winning, highly profitable solutions. Kerman began
his high-tech career as the co-founder of ECI Technology, a manufacturer of
computer-based electronic test equipment.
Kerman received his master's degree in marketing from the University of North
Carolina at Chapel Hill and his masters of computer science training from
Hofstra University. He earned his bachelor of science degree in chemistry and
physics from the State University of New York at Binghamton.
About Overland Storage
For more than 20 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 are designed for entry-level
and midrange computing environments. These include the REO family of
disk-based backup and recovery appliances and the award-winning NEO Series 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 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, its competitors
or its licensees, including the company's new REO and NEO 8000 products, 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-Q for the qtr ended March 31, 2004. 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: Investor Relations, Cynthia A. Bond, Director of Corporate
Communications, +1-858-571-5555, , or Media
Inquiries, Melinda Hutcheon, PR Manager, +1-858-495-4187,
, both of Overland Storage; or Jamie Ernst of
Brodeur Worldwide, 1-210-495-5757, , for Overland Storage
Web site: http://www.overlandstorage.com/