Articles about Overland Storage

Sphere 3D keeps business ship afloat atop sea of red ink

+Comment Overland Storage's – oops, sorry – Sphere 3D's ability to walk on water, otherwise known as floating on red ink, continues unabated with its fourth quarter and full calendar year 2015 results. Tape and disk data protection vendor Overland Storage was bought by Sphere 3D in December 2014. Much has been made of its Glassware …
Chris Mellor, 1 Apr 2016
Help_hand

Overland Storage by any other name would still make losses (and has)

Comment Overland Storage ... sorry, Sphere 3D these days after the acquisition, continues on its merry way with no appreciable change in its progress – revenues are still falling and losses are deepening. Actually, if you look at 22 consistently loss-making quarters, you might even think this is its strategy. CEO and chairman Eric …
Chris Mellor, 18 Nov 2015
CSIRO's silicon sphere

Sphere 3D now sure about Azure, joins Microsoft Cloud Alliance

Virtualisation and data management company Sphere 3D says its Glassware 2.0 and SnapCLOUD VirtualNAS products can now use Azure, as the company has joined a Microsoft Enterprise Cloud Alliance. Glassware is, we are told, a "virtual application hosting platform which uses a lightweight containerisation technology to enable …
Chris Mellor, 6 Nov 2015
The Black Knight, defeated

Merged Sphere 3D merrily continues Overland's loss trend

Sphere 3D, now replete with the fruits of its Overland Storage merger, has carried on Overland's history of declining revenues and constant losses. We thought we might have had to undergo a mental reset for a moment. Canadian application virtualisation software hawker Sphere 3D took over/merged with Overland recently and this …
Chris Mellor, 14 May 2015
RDX_QuikStor

Sphere 3D: Our pop-out 2TB disk product? Of COURSE it's rugged

Forget Overland Storage – that company has merged with Sphere 3D, which added its software virtualisation technologies, like Glassware, to the Overland line of SnapServer, SnapScale, SnapSAN, NEO and RDX disk array, tape library and removable disk products. And now it has got itself an RDX QuikStor removable disk product –r …
Chris Mellor, 8 Jan 2015

Overland Storage becomes part of Sphere3D

Overland Storage is merging with Sphere 3D; two loss-making companies hoping to come good by coming together. Overland has become a wholly-owned subsidiary of Canadian Sphere 3D, and Sphere 3D Corporation will trade on Nasdaq. Both boards approved the deal as did Overland's shareholders; 99 per cent of the shares were voted …
Chris Mellor, 5 Dec 2014

ANOTHER red-ink-spattered quarter for Overland Storage

Comment Data manager Overland is still making losses (bigger ones more recently) with profitability like a mirage forever receding into the distance, despite having acquired Tandberg Data as a way of cutting its operating expenses and expanding its markets. Revenues for its 2015 first fiscal quarter were $22.9m, double the $10.6m …
Chris Mellor, 14 Nov 2014
SpectraLogic TeraPack

Tape vendor sueball match over: SpectraLogic and Overland down rackets

Tape Library vendor SpectraLogic has announced that it has beaten off a patent lawsuit from Overland Storage. Overland had claimed Spectra was infringing its IP. Instead the US Patent Office has ruled the IP had been present in an earlier IBM tape library. The firm said the patent in question is U.S. Patent No. 6,328,766, …
Chris Mellor, 13 Nov 2014

Hey small biz: You know what you need? A tape library – Overland

Overland has got itself a new NEO tape library (cue jokes about the Matrix Reloaded) called the NEOxl, and it's packed a huge amount of capacity inside it. The two models in the product line both support LTO5 and LTO6 tape formats and come in 6U enclosures: NEOxl 60 To 3 drives and 60 slots 90TB-375TB capacity (90TB is …
Chris Mellor, 17 Oct 2014

All awash in red ink, but Overland Storage is still swimming

Analysis Overland Storage, the troubled tape and low-end scale-out disk array storage vendor, is still battling on, with a swell in revenues despite increasing losses. How does CEO Eric Kelly do it? Overland's fourth quarter (Q4) and fiscal 2014 year headline numbers are, well, impressive comes to mind: Q4 revenues of $24.2m, up 100 …
Chris Mellor, 24 Sep 2014

Overland Storage and BDT end four-year-long patent spat

Overland Storage and BDT have terminated their four-year lawsuit in which Overland sued BDT for allegedly using its intellectual property unlawfully. Tape automation product supplier Overland commenced its action against German tape automation supplier BDT concerning tape media handling in tape libraries. It did so on a no win …
Chris Mellor, 31 Jul 2014
John Morelli

Sphere 3D's mini microvisor: Drilling into touchy biz tech

Analysis I have just seen an Overland SnapScale DX2 scale-out filer storage array running Corel WordPerfect and serving it via the Glassware 2.0 product, also running in the DX2, to an iPad across a Wi-Fi network. What the heck's going on here? Overland Storage is merging with mobe-tech-enabling outfit Sphere 3D in an all-share …
Chris Mellor, 27 May 2014
Sphere 3D

Overland Storage, 'miracle' flirty virty Sphere 3D jump in bed

Perennial loss-making Overland Storage will merge with Canadian company Sphere 3D. The combined companies will take the name of Sphere 3D, whose Glassware software apparently does the seemingly impossible: “Enable mobile device users the full functionality of any software program or application on any device, anywhere.” …
Chris Mellor, 16 May 2014
lifebelt

Overland Storage in fiendish reverse stock split share value ploy

Overland Storage, the troubled tape and low-end scale-out disk array storage vendor, is wanting to do a reverse stock split to get its share price up above the Nasdaq exit level. This is revealed in an SEC Form-8K filing by Overland. It states: "On April 3, 2014, the Board of Directors of the Company approved a one-for-five ( …
Chris Mellor, 4 Apr 2014
BizNAS

98.8% of Overland shareclutchers say OMG, YES to Tandberg takeover

Overland Storage shareholders have overwhelmingly voted in favour of the Tandberg Data takeover by Overland. There was a 98.8 per cent vote in favour of the takeover at a 16 January meeting. But, then, there was no other option on the table except the virtual certainty of an eventual Overland collapse and a total wipeout of …
Chris Mellor, 21 Jan 2014
SpectraLogic T-Finity library

SpectraLogic asks US patent office to probe Overland patent

Tape library supplier SpectraLogic has petitioned the United States Patent and Trademark Office to review one of the patents which lies at the heart of an IP infringement lawsuit it has been battling since 2012. The patent's holder, Overland Storage, is a distressed tape library and scale-out disk array storage vendor …
Team Register, 30 Dec 2013
Scrooge McDuck

Don't count out Overland Storage: Borged mixed tape biz = PROFIT at last

Analysis We expected declining revenues and another loss and Overland didn’t disappoint. First fiscal 2014 quarter revenues of $10.6m were down 9 per cent on the annual compare and 12 per cent compared to the previous quarter. On the other hand, its new acquisition means it pulls a lot of resources out of the tape biz and into the more …
Chris Mellor, 14 Nov 2013

Mixed tape: Overland Storage buys Tandberg Data in CASH-FREE transaction

Struggling tape and disk storage vendor Overland Storage is buying recovering tape systems vendor Tandberg Storage for $42m in stock to help boost its revenues. Tandberg Data supplies tape and disk-based storage and data protection products to small and medium businesses. It has recently recovered from a bankruptcy experience …
Chris Mellor, 1 Nov 2013

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