Articles about Overland

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Loss-making storage survivor Sphere 3D looking at 'strategic alternatives'

Sphere 3D is "reviewing strategic alternatives", a sign that it’s open to a sale or being split up. The company is the result of Canadian Sphere 3D merging into the loss-making and tape-heritage Overland Storage-Tandberg Data combo in 2014 with the hope that its Glassware and other virtualisation technologies would transform …
Chris Mellor, 16 Aug 2017

Big Sphere 3D shareholder tosses activist letter in firm's lap

+Comment Cyrus Capital Partners, a major Sphere 3D shareholder, has filed a highly critical public letter calling for a full restructuring of the company to fix "cost" and "under-performance" issues. Sphere 3D is the aggregation of Overland Storage, Tandberg Data tape and disk data protection products, Snap storage products and …
Chris Mellor, 22 Dec 2016
RDX_QuikStor

Sphere 3D has had two offers to buy parts of its business

+Comment Sphere 3D, the Canadian company which owns Overland Storage and Tandberg Data, has had two offers for parts of its business. The perennially loss-making concern, which was previously Overland Storage, which bought Tandberg Data, has never recovered from the decline in tape automation products. It received a first offer, a …
Chris Mellor, 19 Dec 2016
craft_brewery

Everyone's at it: Backup folk spaff out tsunami of cloudy, flashy gear

The artisanal world of back-up product creation continues to blast out refinements, with product announcements from Arkivum, CommVault, Unitrends and Veeam, as well as cloud filer product news from Sphere 3D (previously Overland Storage). Arkivum has a pair of tape-based archiving products; Arkivum/1+1 and Arkivum/OnSite and …
Chris Mellor, 2 Jun 2015
Sunset

Red-inked Crossroads goes straight on with rights issue

Comment Crossroads Systems, which makes StrongBox archiving and Sphinx virtual tape systems, as well as the smaller RVA tape verification product, is looking poverty-stricken as it goes for a rights issue to replenish its coffers. Sphinx virtual tape OEM revenues have been falling for several quarters and StrongBox LTFS archiving …
Chris Mellor, 29 May 2015
Caution tape

Disk biz Overland bleeds more cash - bah, only a flesh wound!

Another quarter for Overland Storage, and another big loss as revenue slides year-on-year. The struggling tape and disk array vendor hopes its scale-out clustered NAS, branded the SnapScale, can turn its fortunes around - along with damages it'll possibly get from BDT and other tape biz if it wins a patent-infringement court …
Chris Mellor, 14 Feb 2013
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Where are the next storage startup stars?

Comment Have we witnessed the end of an era? Has the great storage company growth boom ended with a series of big bang acquisitions: 3PAR, Archivas, Compellent, Data Domain, Diligent, EqualLogic, Isilon, LeftHand Networks, Ocarina, Storwize and more? Over the last five years a whole swathe of up-and-coming storage companies has been …
Chris Mellor, 23 Feb 2011
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Overland secures fresh funds

Overland, the struggling data storage vendor, has secured $4.2m in fresh funds from institutional investors. The company will use the money "for general corporate purposes, which may include, among others, working capital needs, capital expenditures and acquisitions". It is not committed to any acquisitions right now though. …
Chris Mellor, 12 Nov 2010
Cat 5 cable

Overland Storage overhauls tape library and SnapServers

Overland Storage has announced a larger and LTO-5-supporting NEO tape library as well as a higher-capacity SnapServer. These are two evolutionary product moves by Overland and it's good to see the company improving its products as it climbs out of a period of poor company revenue performance. The NEO 8000e supports the latest …
Chris Mellor, 23 Jul 2010
For Sale sign detail

Can Geoff Barrall help rescue Overland?

Comment Overland Storage is still walking the tightrope. Its share price is back down where it was when a reverse stock split took place to evade the jaws of a Nasdaq delisting trap ($2.00). It's not down so low as to threaten its Nasdaq listing again but since April 9 it seems headed that way. CEO Eric Kelly has refinanced the …
Chris Mellor, 27 May 2010
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Overland Storage bags Barrall

Overland Storage has appointed Geoff Barrall to an executive officer's position according to a financial filing. A Form D SEC document, referring to a "Notice of Exempt Offering of Securities" was filed on 2 March. It mentions several existing board directors and executive officers, such as CEO Eric Kelly, and includes Geoff …
Chris Mellor, 3 Mar 2010
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Overland's Nasdaq market cap gap trap map

Back from the dead? It's a little too soon to say, but Overland Storage - threatened with costly ejection by Nasdaq because its market capitalisation was under $15m - has got a $12m stock issue to put that threat into touch. It's not a done Nasdaq deal yet, but the outcome seems pretty certain. CEO and president Eric Kelly …
Chris Mellor, 22 Feb 2010
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Overland Snaps into iSCSI

Oveland Storage is adding a SnapServer SAN product alongside the SnapServer filer product, and hoping it will be the business growth engine it sorely needs. The SnapServer product is the leading network-attached storage (NAS) product in volume terms and Overland Storage gained it through an acquisition of Snap last year from …
Chris Mellor, 16 Feb 2010
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Dell heavy hitter hooks up with Overland

Struggling Overland Storage has appointed Chris Gopal, Dell's ex-VP for worldwide operations as its own VP for worldwide operations. At Dell, Gopal helped develop and implement the company's supply-chain model and operations strategy. Previously, he was a senior partner and director of Ernst & Young's Global Supply Chain & …
Chris Mellor, 14 Sep 2009
The Register breaking news

Overland off Nasdaq non-compliance hook - for now

Struggling data protection vendor Overland Storage has avoided being booted off the main Nasdaq index because of its weak share price and market capitalisation. It's now off the delisting hook "because the company currently meets an alternative maintenance standard." On February 19 Overland received a Nasdaq Staff Deficiency …
Chris Mellor, 23 Mar 2009
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Overland makes snap CEO switch

Struggling disk and tape protection vendor Overland Storage has suddenly promoted board member and ex-Snap Appliance CEO Eric Kelly to become its new CEO with incumbent Vern LoForti staying on as president. Kelly arranged and led the purchase of NAS product supplier Snap Appliance from Quantum in 2002 for $10m. He became Snap' …
Chris Mellor, 28 Jan 2009
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Storage vendor Overland on the ropes

Savaged by the deepening recession, beleaguered NAS, disk and tape protection vendor Overland Storage has fired 53 people and instituted a ten per cent pay cut for all remaining salaried staff. Having laid off 54 people in April 2008, loss-making Overland was in the midst of a recovery from earlier misfortunes when it bought …
Chris Mellor, 16 Jan 2009
hands waving dollar bills in the air

Overland gets fresh financing

Overland Storage, which was in danger of running out of cash by the end of the month, has agreed a $9m accounts receivable financing deal. Overland supplies NEO and ARCvault tape libraries, REO disk backup and virtual tape libraries, and ULTAMUS protected drive arrays. It is recovering after drastic mis-steps by previous …
Chris Mellor, 27 Nov 2008

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