Overland Storage Strengthens Leadership Position
April 13 2005 - 7:30AM
PR Newswire (US)
Overland Storage Strengthens Leadership Position Analyst Reports
Cite Overland Storage as Leader in Key Midrange Tape Automation
Markets SAN DIEGO, April 13 /PRNewswire-FirstCall/ -- Recent
reports from IDC and Freeman Reports show continued market
leadership for Overland Storage, Inc. (NASDAQ:OVRL) with its NEO
SERIES(TM) automated tape libraries. IDC's EMEA Midrange Tape
Automation Market report issued last month identifies Overland's
NEO as Europe's most widely sold tape library in 2004. Issued this
week, Freeman Reports' annual Tape Library Outlook recognizes
Overland Storage as first or second in terms of unit volume for
every major tape technology, including LTO1, LTO2, and SDLT.
Overland's midrange tape leadership position is complemented by the
success of its REO SERIES(TM) disk-based backup and recovery
appliances, recently named the market leader by Enterprise Strategy
Group. "2004 was yet another successful year for Overland's
award-winning backup and recovery solutions," said Christopher
Calisi, president and chief executive officer, Overland Storage.
"As these reports show, the NEO family continues to be one of the
world's most trusted solutions for tape automation, while REO is
the best-selling product in its class. The strong global adoption
of REO and NEO make Overland Storage the clear leader in tape and
disk-based backup." "According to the new Tape Library Outlook 2005
report, Overland's NEO SERIES is consistently one of the
best-selling tape automation solutions in the market," explained
Robert C. Abraham, president, Freeman Reports. "Tape libraries
continue to play a critical role in backup and recovery as
consolidation forces massive amounts of data to libraries,
disk-to-disk-to-tape strategies take hold, and compliance remains a
concern internationally." "The current trends of growing numbers of
small servers in combination with increased awareness of the need
for backup is operating in Overland's favor," added Robert Peyton,
director of European Storage Research at IDC, speaking of
Overland's midrange leadership in EMEA. "The high performance and
value of small libraries makes the decision to share resources
across multiple, small servers easier to justify." To obtain
Freeman Report's Tape Library Outlook 2005 report please visit
http://www.freemanreports.com/tlo.html. IDC's EMEA Midrange Tape
Automation Market can be obtained at
http://www.idc.com/getdoc.jsp?containerId=RP56L. More information
on Overland's NEO SERIES tape libraries, REO SERIES disk-based
backup and recovery appliances, or software PACs, ProtectionPAC and
Multi-SitePAC, can be found at
http://www2.overlandstorage.com/product_index.aspx. About NEO
SERIES Overland's award-winning family of NEO libraries offer a
variety of capacity, performance, feature and price points to meet
users' data backup, recovery and archive needs. With up to 30
cartridges and two drives, the NEO 2000(TM) is the ideal product
for small- to medium-sized organizations looking for high capacity
at an affordable price. The NEO 4000(TM), with as many as 60
cartridges and four drives, provides additional capacity,
performance and functionality for midrange environments. The NEO
8000(TM) delivers enterprise-class capabilities at a midrange
price, offering up to 500 cartridges and 12 drives. The NEO SERIES
supports all major drive technologies, including SDLT/DLT, LTO-1,
LTO-2 and, most recently, LTO-3. The combination of LTO-3
technology and Overland's scalable, flexible and reliable NEO
SERIES provides customers with unmatched capacity and performance
in the industry's most popular midrange tape libraries. 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(TM)
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:
Melinda Hutcheon, PR Manager of Overland Storage, +1-858-495-4187,
; or Chris Walker of Brodeur, +1-602-808-1170, , for Overland
Storage Web site:
http://www2.overlandstorage.com/product_index.aspx Web site:
http://www.freemanreports.com/tlo.html Web site:
http://www.overlandstorage.com/
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