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Press Release

Overland Storage® SnapServer™ Delivers Integrated, Secure Private Cloud Mobility Solution

San Diego, CA, 08 July, 2014 — Overland Storage, Inc. (NASDAQ: OVRL), a trusted global provider of unified data management and protection solutions across the data lifecycle, today announced a collaboration with BitTorrent, Inc. to embed BitTorrent Sync within Overland's award-winning SnapServer DX Network Attached Storage (NAS) product line. The SnapServer DX with BitTorrent Sync solution effortlessly synchronizes files between geographically-dispersed mobile devices, tablets, desktop clients and networked storage systems with no transfer limits or subscription fees.

BitTorrent, Inc. pioneered the world's fastest P2P sharing protocol that is used by more than 170 million people per month, and moves up to approximately 40% of the world's Internet traffic each day. With its peer-to-peer architecture, BitTorrent Sync does not require a third party cloud provider and is able to achieve inherently faster speeds by sending files directly between devices.

The SnapServer DX with BitTorrent Sync solution allows users to create their own secure private cloud for accessing data globally or syncing data between systems for file sharing, mobile access or disaster recovery by simply exchanging secret keys.

"We are excited to offer new classes of software and hardware combinations to the public, private and hybrid cloud sector," said Jeremy Zuber, product manager for Overland Storage. "Teaming with BitTorrent allows our customers to securely synchronize, manage, access and share information across an organization and around the globe."

With the SnapServer and BitTorrent Sync solution, data is encrypted and then transferred directly between devices via a peer-to-peer (P2P) file sharing protocol. The data can only be decrypted on a device equipped with a shared decryption key. In addition to the SnapServer DX NAS, BitTorrent Sync is available for Windows, OSX, Linux and FreeBSD, and provides applications for use on iOS, Android, Windows Phone and Kindle devices.

"As a technological pioneer of file sharing and distribution on the Internet, we believe it is highly appropriate that we partner with one of the key innovators of data storage and management," said Lou Hong, product marketing manager of BitTorrent, Inc.

The SnapServer DX NAS Series is a data storage solution that allows users to manage their storage infrastructure without manual intervention. It is the simplest NAS and iSCSI SAN storage for today's business applications, including virtualized server and database environments, and backup and storage consolidation.

Product Availability

Current Overland Storage SnapServer DX customers can now download BitTorrent Sync at http://support.overlandstorage.com/support/snapserver-nas.htm.

About BitTorrent Sync

BitTorrent Sync is a cloud-less file sync-and-share application that easily lets users move data and provides all the benefits of the cloud, without any of the limitations. It's available on all major desktop, mobile and Web platforms. For more information, visit www.bittorrent.com/sync.

About Overland Storage

Overland Storage is a trusted global provider of unified data management and data protection solutions across the data lifecycle. The Company delivers one of the most extensive and complementary product portfolios and service offerings in the industry. By providing an integrated range of technologies and services for primary, nearline, offline, and archival data storage, Overland Storage and Tandberg Data, a wholly-owned subsidiary of Overland, make it easy and cost-effective to manage different tiers of information over the data lifecycle, whether distributed data is across the hall or across the globe. Overland Storage recently announced its proposed merger with Sphere 3D Corporation (NASDAQ: ANY). This alliance is intended to bring together next generation technologies for virtualization and cloud coupled with end-to-end scalable storage offerings allowing them to address the larger and growing virtualization and cloud markets. Overland Storage and Tandberg Data solutions are available through a select network of value-added resellers and system integrators. For more information, visit www.overlandstorage.com or www.tandbergdata.com.

Overland Storage, the Overland logo and Tandberg Data are trademarks or registered trademarks of Overland Storage, Inc. that may be registered in some jurisdictions. All other trademarks are the property of their respective owners.

Pattie Adams
Director, Global Corporate Communications
(408) 283-4779
padams@overlandstorage.com

21 January 2014
Overland Storage Shareholders Approve Acquisition of Tandberg Data

Overland Storage (NASDAQ: OVRL), a trusted global provider of unified data management and data protection solutions across the data lifecycle, today announced that it has received the shareholder votes necessary to complete its acquisition of Tandberg Data Holdings S.à r.l., a privately held global leader of data storage and data protection solutions.

22 January 2014
Overland Storage Completes Acquisition of Tandberg Data

Overland Storage (NASDAQ: OVRL), a trusted global provider of unified data management and data protection solutions across the data lifecycle, today announced that it has completed its acquisition of Tandberg Data Holdings S.à r.l., a privately held global leader of data storage and data protection solutions.

12 February 2014
Overland Expands Strategic Relationship with Sphere 3D

Overland partner Sphere 3D acquires V3 Systems, creating new purpose built VDI appliance and software defined storage solution

14 February 2014
Overland Storage Reports Second Quarter Fiscal 2014 Results

Overland today reported financial results for its fiscal 2014 second quarter ended December 31, 2013

12 May 2014
Recognition for Leadership Excellence at 2014 HR Symposium

Overland’s Global VP of HR Carol Dixon Honored at Northern California HR Symposium

15 May 2014
Overland Storage Reports Third Quarter Fiscal 2014 Results

Overland Storage (NASDAQ: OVRL), a trusted global provider of unified data management and data protection solutions across the data lifecycle, today reported financial results for its fiscal 2014 third quarter ended March 31, 2014.

15 May 2014
Sphere 3D and Overland Storage Enter Into Definitive Merger Agreement

Combination creates leading virtualization and data management software solutions company

20 May 2014
Virtualization Wins: Novarad Success With NovaGlass Imaging Software

Hundreds of Attendees Test Drive V3 Appliances and Glassware 2.0 Virtualization Software on SnapServer DX2 Appliances at Launch

16 June 2014
Overland Storage Wins Tape-Based Product of the Year at 2014 Storage Awards

NEO 8000e Tape Library Wins Top Honors in Tape Products Category; Tandberg Data StorageLibrary T40+ Named Runner-Up

08 July 2014
Overland Storage SnapServer Delivers Integrated, Secure Private Cloud Mobility Solution

SnapServer DX with embedded BitTorrent Sync provides encrypted file sharing and distributed anywhere access—faster than traditional cloud services

24 July 2014
Overland Enhances SnapServer GuardianOS for Simple Storage Management

New GuardianOS software improves compatibility, security and performance

24 July 2014
Overland Appoints Nilesh Patel as VP of Product Management and Product Marketing

Overland Storage today announced that Nilesh Patel has joined the company.

30 July 2014
Overland Storage Enters Into Strategic Partnership With BDT and Settles Patent Lawsuit

Overland Storage has entered into a patent cross-license agreement with BDT Media Automation GmbH and a strategic investment in Overland Storage by BDT.

04 August 2014
Business Update; Overland Expects to Exceed $24 Million Revenue for Q4FY14

Overland Storage, Inc. today announced an update on its business operations to address recent successes.

19 August 2014
Next Generation Hyper-Converged Appliance for VDI

Launch of V3 hyper-converged virtual desktop appliance to address the rapidly-growing virtualization and cloud markets.

26 August 2014
Enterprise-class Storage Software in New Desktop Design for SMBs

New GuardianOS® 7.6 Software Brings High-Performance, Space-Efficient SnapShots for Continuous Data Protection; Integrates RDX® Removable Disk Storage Backup Capability; Enterprise-Class Replication and Remote Access Features.

28 August 2014
RDX Removable Storage Delivers Industry-leading Features for Enterprises and SMBs

RDX Delivers Deduplication With AccuGuard Enterprise Software; Adds SnapServer NAS Integration, MAC Media Compatibility, Windows Backup, and QuadPAK Rack Kit.

14 October 2014
Overland Storage Expects to Exceed Synergy Estimates and is On Track for Completion of Company Transformation

Overland Storage, Inc. reported progress on the third phase of the company's transformation and its achievements for operational efficiencies

15 October 2014
Overland Storage Reshapes Tape Automation Landscape With New NEO XL-Series Tape Libraries

High-density, scalable NEO XL-Series joins completely refreshed portfolio of tape automation solutions that reduce cost of ownership and offer superior investment protection

04 November 2014
New Enterprise Scale-Out Solution with RAINcloud OS 4.1 for Virtualization

VMware-Certified SnapScale® Clustered Data Storage, Featuring RAINcloud® OS 4.1 Software, Protects and Manages Data in Cloud and Distributed Enterprise Environments

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