Overland Storage Announces Acquisition of MaxiScale, Inc.
October 14 2010 - 7:35AM
Marketwired
Overland Storage (NASDAQ: OVRL), the trusted global provider of
effortless data management and data protection solutions across the
data lifecycle, today announced that it acquired MaxiScale, a
technology leader in limitlessly scalable file serving and storage.
Terms of the deal are not disclosed. Overland has gained
MaxiScale's assets, intellectual property and key members of its
engineering team. The company's technology, which is currently
being integrated into Overland's file storage portfolio, provides
cloud-scale storage capabilities that reduce capital and
operational costs while improving performance and eliminating the
need for forklift upgrades.
"Overland scored with this deal -- MaxiScale had some awesome
technology. I'm glad it will finally be able to see the light of
day," said Steve Duplessie, founder and senior analyst at
Enterprise Strategy Group, an independent industry analyst
firm.
MaxiScale, a privately held company based in Sunnyvale,
California, received $25 million in venture funding and developed a
platform that addresses the data storage issues faced by companies
with unpredictable and rapidly expanding data storage requirements.
MaxiScale technology bridges the gap between traditional disk
storage and cloud storage solutions, enabling data storage
infrastructures to scale to massive capacities while maintaining
reliability and a high performance end user experience. The
integration of Overland and MaxiScale technology is designed to
create compelling solutions for businesses with significant data
storage growth.
"Business adoption of Overland's SnapServer line of data storage
arrays is already strong due to its reputation for performance and
reliability," said Dr. Geoff Barrall, CTO and VP of engineering at
Overland Storage. "The logical next step for us is to create a
clustered scalable NAS forming a local cloud of storage. When the
opportunity arose to acquire MaxiScale's well-regarded technology,
we took notice. MaxiScale's architecture will provide our customers
with the ability to scale hundreds of SnapServers into one unified
pool of storage."
About Overland Storage Overland Storage is
the trusted global provider of effortless data management and data
protection solutions across the data lifecycle. By providing an
integrated range of technologies and services for primary,
nearline, offline, archival and cloud data storage, Overland makes
it easy and cost effective to manage different tiers of information
over time. Whether distributed data is across the hall or across
the globe, Overland enables companies to focus on building their
business instead of worrying about data growth. Overland
SnapServer®, SnapSAN™, NEO® and REO® solutions are available
through a select network of value added resellers and system
integrators. For more information, visit
www.overlandstorage.com.
Tweet at @OverlandStorage on Twitter at
www.twitter.com/OverlandStorage and visit Overland Storage on
Facebook at www.facebook.com/OverlandStorage.
Overland Storage, SnapServer, SnapSAN, NEO, REO and the Overland
logo are trademarks of Overland Storage, Inc. that may be
registered in some jurisdictions; all other trade names herein are
recognized to be the property of their respective owners.
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Media Contact: Elizabeth Zaborowska Bhava Communications
overland@bhavacom.com 510.219.8127
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