Articles about sphere 3d

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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
udp_7000_648

Data protection biz Arcserve fattens exec ranks with 3 new veeps

CA spinout and private equity-owned Arcserve is growing revenues at double digits, and has hired four new execs to sharpen its finance side, spin out more and better products and keep its channel business growing. Oussama El-Hilali becomes VP of Products, responsible for managing research and development, product strategy and …
Chris Mellor, 25 Jul 2016

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

Imation ejects its removable disk biz, hands it to Sphere 3D

With an echo back to its prior Overland Storage data protection days, Sphere 3D has bought Imation’s RDX removable disk storage business. RDX is a removable disk (well, duh – Ed.) cartridge with up to 2TB capacity intended for use as a tape replacement in off-system/off-site backup. The drives fit into QuikStor and QuikStation …
Chris Mellor, 14 Aug 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

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
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
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
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

Cash-bleeding Overland: A healthy BYOD brings a sound mind

Overland Storage announced its usual loss-making quarterly results but said it was going full tilt into giving BYOD and smart mobile device owners full access to enterprise apps no matter their size. CEO Eric Kelly has now become chairman of its Canadian partner, Sphere 3D, which provides the virtualisation wizardry needed for …
Chris Mellor, 6 Sep 2013

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