Overland Storage (NASDAQ:OVRL)
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Overland Storage Partners Report Increased Adoption of Disk-based
Backup and Recovery Appliances
Customer Demand for Fast, Reliable and Affordable Backups and Recovery Drives
Strong Interest in REO Appliances
SAN DIEGO, Oct. 7 /PRNewswire-FirstCall/ -- Overland Storage, Inc.
(NASDAQ:OVRL), the leading provider of backup and recovery solutions, and its
extensive network of channel partners, report increased adoption of disk-based
backup and recovery appliances. The company's robust, award-winning REO(TM)
SERIES family of appliances, which Overland sells exclusively through channel
partners, leads the industry's iSCSI-enabled, high performance, reliable backup
and disaster recovery market. According to a recent report by research firm
Meta Group, at least 60 percent of IT storage management time is spent on
backup and recovery tasks. As such, end users are fast realizing the benefits
of disk for shrinking backup windows and delivering near instantaneous restores
of data. A disk-based appliance can be used as a stand-alone unit or deployed
in conjunction with tape, where it becomes the cornerstone for a
disk-to-disk-to-tape (D2D2T) archival strategy.
"More than 50 percent of our customers are considering disk-based solutions
today, as compared to about 10 percent a year ago. These customers are
interested in disk-based solutions for two key reasons -- to reap the benefits
of near-instantaneous data recovery, and to improve the overall reliability of
their backup process," said Dave Holloway, chief operating officer, West Coast
Technology, an Overland VAR. "Overland's REO family gives us a range of
affordable, easy-to-use and highly intelligent appliances that enable us to
scale solutions from small and medium businesses all the way to the
enterprise."
"As the demand for disk-based backup and recovery continues to grow, our
channel has embraced the REO SERIES as an easy-to-sell, easy-to-use solution,"
said Christie Huff, vice president of marketing, Overland Storage. "In fact,
nearly 80 percent of our partners' registered sales opportunities include REOs,
and we expect that number to continue to rise."
According to a recent Taneja Group survey, 76 percent of storage managers
indicated that they will utilize both tape and disk in the next year. When
integrated with tape automation, such as Overland's NEO SERIES(R) of tape
libraries, the REO SERIES allows users to achieve the near-instant data
recovery of disk and long-term archival benefits of tape, for a complete D2D2T
solution.
"Overland Storage is clearly leading the way in tape and D2D products today
with their innovative concepts for backup and recovery," said Howie Evans, vice
president, Dallas Digital Services, an Overland VAR. "Having the ability to
provide our customers with a bundled solution for tape and D2D from a single
vendor is just what we have been waiting for. Whether it is Fibre Channel or
iSCSI, the REO fits virtually any environment and is extremely cost-effective."
About the REO SERIES
REO 9000 with ProtectionPAC(TM) -- a high-capacity, high-performance disk-
based backup and recovery appliance. The newest addition to the REO family,
the REO 9000 provides fast backups and near instantaneous restores for up to 10
TB of data, making it an ideal choice for larger organizations that need to
ensure business continuity. REO 9000 combines Overland's ProtectionPAC
software, serial ATA disks, RAID 5 protection, and both iSCSI and Fibre Channel
connectivity in a single, easy-to-install unit. Its ability to operate as both
disk and virtual tape enables it to work with existing backup applications,
providing users with a single backup catalog and a single media management
system. This seamless compatibility allows easy deployment and integration
into most backup environments, making it ideal for large data- intensive
organizations, including those with both disk and tape.
REO 4000 with ProtectionPAC(TM) -- a preconfigured, easy-to-install appliance
with Overland's ProtectionPAC software, specialized hardware, RAID 5 data
protection, and both iSCSI and Fibre Channel connectivity. Capable of
operating as either disk or virtual tape, the 2 TB REO 4000 enhances existing
backup and recovery processes by providing near-instantaneous restores, shorter
backup windows and a lower total cost of ownership for data protection.
REO 1000 with ProtectionPAC(TM) -- an autoloader replacement that accelerates
the backup process and provides high-speed file restores using iSCSI to deliver
more cost-effective data protection than entry-level tape autoloaders. REO
1000 is ideal for small capacity, low-cost applications and remote sites.
Overland products are available exclusively through the company's channel
partners. For more information, please visit http://www.overlandstorage.com/.
Overland demonstrates new products and unveils its latest strategies and new
initiatives to its channel partners at the company's annual Global Partner
Summit this week. VARs, distributors and direct marketers from Europe, Asia
and the Americas will participate in the award-winning program, Oct. 4-8.
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 production problems,
delays, unbudgeted expenses and inefficiencies that may result from the
transition of manufacturing to Sanmina-SCI, difficulty of predicting sales to
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 REO 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.
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, Inc.; or Jamie Ernst
of Brodeur Worldwide, +1-210-495-5757, , for Overland
Storage, Inc.
Web site: http://www.overlandstorage.com/