Overland Storage Partners Report Increased Adoption of Disk-based Backup and Recovery Appliances
October 07 2004 - 7:30AM
PR Newswire (US)
Overland Storage Partners Report Increased Adoption of Disk-based
Backup and Recovery Appliances Customer Demand for Fast, Reliable
and Affordable Backups and Recovery Drives Strong Interest in REO
Appliances SAN DIEGO, Oct. 7 /PRNewswire-FirstCall/ -- Overland
Storage, Inc. (NASDAQ:OVRL), the leading provider of backup and
recovery solutions, and its extensive network of channel partners,
report increased adoption of disk-based backup and recovery
appliances. The company's robust, award-winning REO(TM) SERIES
family of appliances, which Overland sells exclusively through
channel partners, leads the industry's iSCSI-enabled, high
performance, reliable backup and disaster recovery market.
According to a recent report by research firm Meta Group, at least
60 percent of IT storage management time is spent on backup and
recovery tasks. As such, end users are fast realizing the benefits
of disk for shrinking backup windows and delivering near
instantaneous restores of data. A disk-based appliance can be used
as a stand-alone unit or deployed in conjunction with tape, where
it becomes the cornerstone for a disk-to-disk-to-tape (D2D2T)
archival strategy. "More than 50 percent of our customers are
considering disk-based solutions today, as compared to about 10
percent a year ago. These customers are interested in disk-based
solutions for two key reasons -- to reap the benefits of
near-instantaneous data recovery, and to improve the overall
reliability of their backup process," said Dave Holloway, chief
operating officer, West Coast Technology, an Overland VAR.
"Overland's REO family gives us a range of affordable, easy-to-use
and highly intelligent appliances that enable us to scale solutions
from small and medium businesses all the way to the enterprise."
"As the demand for disk-based backup and recovery continues to
grow, our channel has embraced the REO SERIES as an easy-to-sell,
easy-to-use solution," said Christie Huff, vice president of
marketing, Overland Storage. "In fact, nearly 80 percent of our
partners' registered sales opportunities include REOs, and we
expect that number to continue to rise." According to a recent
Taneja Group survey, 76 percent of storage managers indicated that
they will utilize both tape and disk in the next year. When
integrated with tape automation, such as Overland's NEO SERIES(R)
of tape libraries, the REO SERIES allows users to achieve the
near-instant data recovery of disk and long-term archival benefits
of tape, for a complete D2D2T solution. "Overland Storage is
clearly leading the way in tape and D2D products today with their
innovative concepts for backup and recovery," said Howie Evans,
vice president, Dallas Digital Services, an Overland VAR. "Having
the ability to provide our customers with a bundled solution for
tape and D2D from a single vendor is just what we have been waiting
for. Whether it is Fibre Channel or iSCSI, the REO fits virtually
any environment and is extremely cost-effective." About the REO
SERIES REO 9000 with ProtectionPAC(TM) -- a high-capacity,
high-performance disk- based backup and recovery appliance. The
newest addition to the REO family, the REO 9000 provides fast
backups and near instantaneous restores for up to 10 TB of data,
making it an ideal choice for larger organizations that need to
ensure business continuity. REO 9000 combines Overland's
ProtectionPAC software, serial ATA disks, RAID 5 protection, and
both iSCSI and Fibre Channel connectivity in a single,
easy-to-install unit. Its ability to operate as both disk and
virtual tape enables it to work with existing backup applications,
providing users with a single backup catalog and a single media
management system. This seamless compatibility allows easy
deployment and integration into most backup environments, making it
ideal for large data- intensive organizations, including those with
both disk and tape. REO 4000 with ProtectionPAC(TM) -- a
preconfigured, easy-to-install appliance with Overland's
ProtectionPAC software, specialized hardware, RAID 5 data
protection, and both iSCSI and Fibre Channel connectivity. Capable
of operating as either disk or virtual tape, the 2 TB REO 4000
enhances existing backup and recovery processes by providing
near-instantaneous restores, shorter backup windows and a lower
total cost of ownership for data protection. REO 1000 with
ProtectionPAC(TM) -- an autoloader replacement that accelerates the
backup process and provides high-speed file restores using iSCSI to
deliver more cost-effective data protection than entry-level tape
autoloaders. REO 1000 is ideal for small capacity, low-cost
applications and remote sites. Overland products are available
exclusively through the company's channel partners. For more
information, please visit http://www.overlandstorage.com/. Overland
demonstrates new products and unveils its latest strategies and new
initiatives to its channel partners at the company's annual Global
Partner Summit this week. VARs, distributors and direct marketers
from Europe, Asia and the Americas will participate in the
award-winning program, Oct. 4-8. 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
production problems, delays, unbudgeted expenses and inefficiencies
that may result from the transition of manufacturing to
Sanmina-SCI, difficulty of predicting sales to the company's major
OEM customer, technology spending levels, unexpected shortages of
critical components, rescheduling or cancellation of customer
orders, loss of a major customer, the timing and market acceptance
of new product introductions by the company, including the
company's new REO products, its competitors or its licensees, 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 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: Investor Relations, Cynthia A. Bond, Director of
Corporate Communications, +1-858-571-5555, , or Media Inquiries,
Melinda Hutcheon, PR Manager, +1-858-495-4187, , both of Overland
Storage, Inc.; or Jamie Ernst of Brodeur Worldwide,
+1-210-495-5757, , for Overland Storage, Inc. Web site:
http://www.overlandstorage.com/
Copyright
Overland Storage (NASDAQ:OVRL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Overland Storage (NASDAQ:OVRL)
Historical Stock Chart
From Jul 2023 to Jul 2024