Overland Storage Leads Disk-Based Backup Market, Surpasses 1,000 REOs Shipped
21 March 2005 - 11:30PM
PR Newswire (US)
Overland Storage Leads Disk-Based Backup Market, Surpasses 1,000
REOs Shipped 1,000th Unit Purchased by Rover USA to Protect
Customers' Mission-Critical Business Data SAN DIEGO, March 21
/PRNewswire-FirstCall/ -- Responding to growing demand for
disk-based backup and recovery, Overland Storage, Inc.
(NASDAQ:OVRL), a leading provider of backup and recovery solutions,
has shipped more than 1,000 REO(TM) appliances, more disk-based
appliances than any other vendor. The REO SERIES of disk-to-disk
backup and recovery appliances improve backup reliability, provide
near-instant data recovery and significantly reduce backup
administration time. As a result, businesses like Rover USA, which
purchased the 1,000th REO, can protect growing volumes of data more
efficiently and affordably than ever before. "Our REO product line
has been one of the most successful products in the company's
history. We have nearly doubled REO unit sales on a sequential
quarter basis over the last year," said Christopher Calisi,
president and CEO, Overland Storage. "As data grows unhindered and
business pressures on IT departments increase, backup and recovery
remain a challenge. The REO delivers unparalleled reliability,
instantaneous restores and shorter backup windows. Increasingly,
customers are taking advantage of the efficiencies REO provides."
For Rover USA, reliable, efficient backup and recovery is a
business imperative. The company provides affordable, web-based
business and productivity applications for small businesses. Their
flagship product, Wherever-Ware(R), includes turn-key email
services, instant messaging, scheduling, contact management and
secure network drives for file storage, all of which are accessible
via the web. These applications and the network infrastructure to
support them are hosted and maintained by Rover USA. To further
enhance its disaster recovery and data protection strategies, Rover
USA selected the Overland Storage REO 9000 disk-to-disk appliance
along with the Overland Storage NEO 2000 tape library. Rover USA
deployed the REO 9000 for nearline storage of customer data, and
the NEO 2000 for long-term storage. This disk-to-disk-to-tape
implementation enables Rover USA to better meet service level
agreements and recovery time objectives for its customers.
Veristor, an Overland Storage value-added reseller, facilitated the
sale. "Rover USA's success depends solely on storing and protecting
our customers' mission-critical business data. As a result, we buy
only the very best technology products on the market," said Bryan
Kearney, chief executive officer, Rover USA. "That's why we
selected the Overland Storage REO 9000 disk-to-disk appliance and
the NEO 2000 tape library. With these products, our customers' data
is reliably backed up and easy to recover instantly, enabling Rover
USA to fulfill the promises we make to our customers, and grow with
a product that expands as we do." "There are 30 million
small-to-medium businesses and branch offices that suffer from a
lack of IT resources, and the impact of not having sufficient data
protection can be devastating," explained Steve Duplessie, founder
and senior analyst with Enterprise Strategy Group. "Today,
affordable disk as virtual tape offers the dual benefit of
accelerating backup and recovery times without introducing risk
into the storage environment. This is where the REO excels. Given
the REO's success, Overland has emerged as a clear leader in
disk-based backup." The REO SERIES as well as the NEO SERIES of
tape libraries and autoloaders are available through Overland
partners worldwide. 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
delays, unbudgeted expenses, inefficiencies and production problems
that may result from the transition of manufacturing to
Sanmina-SCI; difficulty of predicting sales to the company's major
OEM customer; worldwide information technology spending levels;
unexpected shortages of critical components; rescheduling or
cancellation of customer orders; loss of a major customer; the
market acceptance of the company's REO product line, the timing and
market acceptance of new product introductions by the company,
including the company's new software PACs, competitors or licensees
of the company; 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 general
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:
Media Inquiries, Melinda Hutcheon, PR Manager, Overland Storage,
Inc., +1-858-495-4187, ; or Chris Walker of Brodeur,
+1-602-808-1170, , for Overland Storage, Inc. Web site:
http://www.overlandstorage.com/
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