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2009 Press Releases

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12/15/09Grand Valley State University Graduates to First-Class Data Protection with Overland Storage's SAN, Backup Appliance and Tape Solutions - 

University Leverages Overland's Price, Capacity and Performance Benefits to Bolster Backup and Recovery while Elevating Data Protection of Rapidly Growing VMware EnvironmentSAN DIEGO, Dec 15, 2009 /PRNewswire-FirstCall via COMTEX/ -- Overland Storage, Inc. (Nasdaq: OVRL) today announced that Grand Valley State University has deployed an economical multi-tiered data protection strategy utilizing Overland's ULTAMUS(TM) RAID high-density SAN storage, REO SERIES(R) disk-based backup and recovery app... More >>
12/08/09Rock & Roll Hall of Fame Annex NYC Receives InfoWorld's Highest Honor for Innovative IT Deployment Featuring Overland Storage SnapServer NAS Solution - 

SAN DIEGO, Dec. 8 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) today announced that esteemed customer, the Rock & Roll Hall of Fame Annex NYC, has received a prestigious IDG InfoWorld 100 award for its high-availability video surveillance solution featuring Overland's scalable SnapServer® 620 network-attached storage (NAS). Each year, the InfoWorld 100 Awards celebrate 100 IT organizations that have implemented and integrated technologies in innovative ways in pursuit ... More >>
12/07/09Overland Storage, Inc. Announces One-For-Three Reverse Stock Split - 

SAN DIEGO, Dec. 7 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) today announced that it will effect a one-for-three reverse stock split of the Company's common stock effective on December 8, 2009. Trading of Overland Storage's common stock on the NASDAQ Global Market will begin on a split-adjusted basis at the open of trading on December 9, 2009. Overland Storage, Inc.'s shares will continue to trade on the NASDAQ Global Market under the symbol "OVRL" with the letter "D... More >>
11/12/09Overland Storage Reports Fiscal 2010 First Quarter Results - 

SAN DIEGO, Nov. 12 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) today reported first quarter results for its fiscal quarter ended September 30, 2009. "While these remain difficult economic times, Overland is focused on what will enable us to succeed in the long term - rightsizing our operations to bring them more in line with expectations and innovating for future growth," said Eric L. Kelly CEO of Overland Storage. "We have completed a successful fundraising effort ... More >>
10/30/09Overland Storage, Inc. Prices Public Offering of Common Stock - 

SAN DIEGO, Oct. 30 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL), today announced the pricing of its public offering of 5,400,000 shares of its common stock at $0.70 per share. Overland has also granted the underwriter an option to purchase up to an additional 810,000 shares of common stock, to cover over-allotments, if any. This option is exercisable within 30 days following pricing. The offering is expected to close on or about November 4, 2009. Gross proceeds from th... More >>
10/29/09Overland Storage, Inc. Announces Proposed Public Offering of Common Stock - 

SAN DIEGO, Oct. 29 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL), announced today that it has commenced an underwritten public offering of its common stock. The shares will be issued pursuant to a prospectus and prospectus supplement filed as part of an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The Company intends to use the net proceeds from the offering for general corporate purposes, i... More >>
10/20/09Overland Storage Announces Strategic Manufacturing Agreement With Foxconn - 

New Partnership Expands Overland's Manufacturing Capabilities and Improves Operational Efficiencies SAN DIEGO, Oct. 20 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) today announced it has reached a strategic manufacturing agreement with Foxconn, the largest and fastest growing multinational manufacturing services provider in the world. Under the terms of the agreement, Foxconn initially will collaborate with Overland on the manufacture of one product line within th... More >>
10/13/09Overland Storage Introduces NEOs Family of Automated Tape Libraries - 

Additions to Award-Winning NEO Family Offer Easy, Affordable and Reliable Data Backup, Recovery and ArchiveSAN DIEGO, Oct 13, 2009 /PRNewswire-FirstCall via COMTEX/ -- Overland Storage, Inc. (Nasdaq: OVRL) today announced the availability of the new NEO(R)s family of automated tape libraries, which provide simple and affordable backup, disaster recovery and archive capabilities. Ideally suited for SMEs and distributed network environments, the NEOs family of tape libraries leverages the reliabil... More >>
09/23/09Overland Storage Offers Budget Relief With 'Cash For Junkers' Promotion to Ease Migration from Outdated, Legacy Storage Systems - 

- Limited-Time, 'Trade-up' Offer Accelerates Legacy System Upgrades with up to $7,000 in Savings Toward Purchase of Overland's Next-Gen NEO E-Series Tape Libraries & Scalable Snap Server NAS - SAN DIEGO, Sept. 23 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) -- News Facts Overland Storage has introduced a "Cash for Junkers" promotion, which is designed to provide much-needed budget relief during these tough economic times by lowering the hurdles for... More >>
09/18/09Overland Storage Receives Deficiency Letter From NASDAQ - 

SAN DIEGO, Sept. 18 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) announced today that on September 15, 2009 it received a Nasdaq Staff Deficiency Letter (the "Nasdaq Letter") indicating that, for the last 30 consecutive trading days, the company's common stock has not maintained the minimum market value of publicly held shares ("MVPHS") of $15,000,000 as required for continued inclusion by Listing Rule 5450(b)(2)(C) or 5450(b)(3)(C). The Nasdaq Letter has no effec... More >>
09/14/09Overland Storage Reports Fiscal 2009 Fourth Quarter Results - 

SAN DIEGO, Sept. 14 /PRNewswire/ -- Overland Storage, Inc. (Nasdaq: OVRL) today reported fourth quarter and full-year results for its fiscal year ended June 30, 2009. Net revenue for the fiscal 2009 fourth quarter was $22.1 million, compared with $28.9 million for the same period a year ago. The company reported a net loss of $2.7 million, or $0.21 per share, for the fiscal 2009 fourth quarter, compared with a net loss of $16.1 million, or $1.26 per share, for the same period a year e... More >>
09/09/09Overland Storage Appoints Christopher Gopal Vice President of Worldwide Operations - 

Industry Thought Leader Joins Executive Team to Align Strategic Supply Chain Model with Operational Best Practices for Optimal Customer Satisfaction & Shareholder Value SAN DIEGO, Sept. 9 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) today announced the appointment of Christopher Gopal as vice president of worldwide operations. In this capacity, Gopal will oversee Overland's global supply chain and operations strategies encompassing product sourcing, manufacturing, inv... More >>
08/26/09Overland Storage's Jillian Mansolf Recognized by Everything Channel's CRN Magazine as One of the Top 100 Women in the Channel - 

SAN DIEGO, Aug. 26 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) today announced that Jillian Mansolf, vice president of worldwide sales and marketing, has been recognized by Everything Channel's CRN Magazine as one of the Top 100 Women in the Channel. The Top 100 Women in the Channel were chosen by the editors of the magazine based on the women's achievements as executives and the amount of influence they wield over the technology channel. The Top 100 Women in the Channel ... More >>
07/22/09Overland Storage Appoints Jillian Mansolf Vice President of Worldwide Sales and Marketing - 

SAN DIEGO, July 22 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) today announced the appointment of Jillian Mansolf as vice president of worldwide sales and marketing. In this position, Mansolf will leverage her extensive sales and channel marketing experience to lead the company's global sales and marketing teams. "We are extremely pleased to welcome Jillian to our executive team as the head of worldwide sales and marketing," said Eric Kelly, chief executive off... More >>
07/07/09Overland Storage Introduces REO Business Continuity Appliance to Offer SMBs Simple, Economical Protection of Servers, Applications & Data - 

Leading Insurance Underwriter Achieves Optimal RTO/RPO with Real-Time Replication, Application-Aware Failover and Failback to Safeguard Physical and Virtual Server Environment SAN DIEGO, July 7 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) today introduced the REO(R) Business Continuity Appliance (BCA), an innovative, all-in-one solution that offers small and medium-sized businesses a highly affordable, streamlined approach for protec... More >>
06/22/09Rock & Roll Hall of Fame Annex NYC Protects Priceless Music Artifacts With Mobotix IP Security Cameras & Overland's Scalable Snap Server NAS - 

State-of-the-Art, Integrated Video Surveillance and Expandable Storage Solution Captures High-Resolution Images while Retaining Data-Intensive Video Footage for Unparalleled Site Security SAN DIEGO, June 22 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) today announced that the Rock & Roll Hall of Fame Annex NYC has deployed a turnkey video surveillance solution featuring Overland's scalable Snap Server(R) network attached storage (NAS) bundled with high-resolutio... More >>
06/16/09Overland Storage Inks Strategic Distribution Agreement With SYNNEX Corporation to Reinforce Delivery of End-to-End Data Protection Solutions - 

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 ... More >>
06/01/09Overland Customers Recognized for Outstanding Technology Achievements by IDG's Computerworld Honors Program - 

The Rock & Roll Hall of Fame Annex NYC, Ocean Alliance and Girl Scouts of the USA Receive Prestigious Honors for Visionary Implementations of Information Technology SAN DIEGO, June 1 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) today announced that three esteemed customers, the Rock & Roll Hall of Fame Annex NYC, Ocean Alliance and Girl Scouts of the USA, have been bestowed with Laureate awards by IDG's Computerworld Honors Program. This year's honorees will be ... More >>
05/04/09Overland Storage Reports Fiscal 2009 Third Quarter Results - 

SAN DIEGO, May 4, 2009 /PRNewswire-FirstCall via COMTEX/ -- Overland Storage, Inc. (Nasdaq: OVRL) today reported results for its fiscal 2009 third quarter and nine-month period ended March 31, 2009. Net revenue for the fiscal 2009 third quarter was $22.3 million, compared with $31.8 million for the same quarter a year ago. The company reported a net loss of $3.3 million, or $0.26 per share, for the fiscal 2009 third quarter compared with a net loss of $4.9 million, or $0.39 per share, for the s... More >>
03/25/09Overland Storage Announces $5 Million Foreign Receivable Financing Agreement - 

SAN DIEGO, March 25 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) today announced that it had closed an accounts receivable financing transaction with FGI Finance. Under the terms of the agreement, FGI may finance up to $5 million of Overland's foreign accounts receivable to provide the company with accelerated liquidity. The term of the agreement is two years with annual renewals thereafter. "This financing agreement with FGI for foreign receivables complements t... More >>
03/20/09Overland Storage Receives Notice of Compliance From Nasdaq - 

SAN DIEGO, March 20 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) announced today that Nasdaq has withdrawn its prior notification concerning the company's compliance with a listing maintenance standard for minimum shareholders' equity. Nasdaq subsequently determined that this requirement does not apply to Overland at this time because the company currently meets an alternative maintenance standard. Overland previously announced that it would address the noticed defic... More >>
02/19/09Overland Storage Receives Deficiency Letter From Nasdaq - 

Company Will File Application to Transfer to The Nasdaq Capital Market SAN DIEGO, Feb. 19 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) announced today that it received a Nasdaq Staff Deficiency Letter (the "Nasdaq Letter") indicating that, based on the Company's shareholders' equity as reported in its Quarterly Report on Form 10-Q for the period ended December 28, 2008, the Company does not comply with the minimum shareholders' equity requirement of $10 million f... More >>
02/09/09Overland Storage Launches NEO E-Series Family of Tape Libraries With Embedded Functionality for Improved Price, Performance & Reliability - 

End-to-End Data Protection Bolstered by Embedded Connectivity, Integrated Partitioning & Proactive Monitoring SAN DIEGO, Feb. 9 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) today announced the availability of the first models in its next-generation NEO SERIES line of scalable, automated tape libraries. The NEO E-Series libraries provide a host of embedded functionality along with simplified installation and operation to meet a wide range of demanding data prote... More >>
02/05/09Overland Storage Reports Fiscal 2009 Second Quarter Results - 

SAN DIEGO, Feb 05, 2009 /PRNewswire-FirstCall via COMTEX/ -- - - Announces New Business Model - - Overland Storage, Inc. (Nasdaq: OVRL) today reported results for its fiscal 2009 second quarter and six-month period ended December 31, 2008. Net revenue for the fiscal 2009 second quarter was $28.9 million, compared with $34.1 million for the same quarter a year ago. The company reported a net loss of $5.2 million, or $0.40 per share, for the fiscal 2009 second quarter compared with a net loss... More >>
01/28/09Overland Storage Appoints Eric Kelly CEO - 

SAN DIEGO, Jan. 28 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) today announced the appointment of Eric Kelly, a current member of its board of directors, as the company's new chief executive officer. Vern LoForti, who previously served as the company's president and CEO, will continue to serve as president. Kelly joined Overland's board in November 2007, bringing nearly 30 years of experience in computer technology with an emphasis on operational, marketing and... More >>
01/27/09Overland Storage Schedules Second Quarter Fiscal Year 2009 Conference Call and Webcast - 

SAN DIEGO--(BUSINESS WIRE)--Jan. 27, 2009--Overland Storage, Inc. (Nasdaq: OVRL): Who: Overland Storage, Inc. (Nasdaq: OVRL) Executives: Vernon A. LoForti, President and CEO Kurt Kalbfleisch, Vice President and CFO What: Conference call and live audio Webcast (http://www.overlandstorage.com/webcast): Detailing financial results for the second fiscal quarter ... More >>
01/22/09Overland Storage Creates Solutions Engineering Group to Accelerate Delivery of Integrated End-to-End Data Protection Solutions - 

Reinforced Focus on Solving Real-World Data Protection Problems through Increased Development of Complementary NAS- and SAN-Based Data Protection Bundles SAN DIEGO, Jan. 22 /PRNewswire-FirstCall/ -- Overland Storage, Inc. (Nasdaq: OVRL) today announced the creation of a Solutions Engineering Group focused on expediting the development and delivery of complete data protection offerings that solve today's toughest data protection problems. The newly formed team will leverage Overlan... More >>