Tandberg Data

Print this Page Print Page

Press Release

Overland Storage Shareholders Approve Acquisition of Tandberg Data

San Diego, CA, 21 January, 2014 — 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. All proposals subject to a shareholder vote at Overland’s special meeting of shareholders held on January 16, 2014 were approved at such meeting.

Eric Kelly, president and CEO of Overland Storage, commented, "We are delighted the Overland Storage shareholders approved the acquisition of Tandberg Data. The transaction was overwhelmingly approved by our shareholders with 99.8% of the votes cast in favor of the matters required to complete the acquisition. With the combination, we will expand our number of global channel and service partners, and offer one of the most extensive and complementary product lines and service offerings in the enterprise storage industry. The acquisition will expand our reach in APAC, Europe and the Middle East, and will allow us to leverage our world-class manufacturing facility in China to improve operational efficiencies and meet customer demand."

The leadership team of Overland following the closing will consist of experienced and accomplished executives:

  • Eric Kelly, President and CEO
  • Kurt Kalbfleisch, Chief Financial Officer
  • Randy Gast, Chief Operating Officer
  • Lisa Loe, Vice President of WW Mobility & Cloud Services, Americas, Asia Pacific Sales
  • Scott Petersen, Vice President of WW OEM Sales & Government
  • Graham Paterson, Vice President of EMEA Sales
  • Trevor Heathorn, Vice President of Overland Engineering
  • Carol Dixon, Vice President of Global Human Resources

As part of the agreement, Overland will add two new board members, expanding its board of directors to seven.

About Overland Storage

Overland Storage is a trusted global provider of unified data management and data protection solutions across the data lifecycle. By providing an integrated range of technologies and services for primary, nearline, offline, and archival 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 SnapScale, SnapServer, SnapSAN, NEO Series and REO Series solutions are available through a select network of value-added resellers and system integrators. For more information, visit www.overlandstorage.com.

Safe Harbor Statement

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, satisfaction or disappointment with current prospects, as well as words such as “believes,” “hopes,” “intends,” “estimates,” “expects,” “projects,” “plans,” “anticipates” and variations thereof, or the use of future tense, 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 our actual results could differ materially from those contained in such statements. Factors that could cause or contribute to such differences include, but are not limited to: risks related to disruption of management’s attention from our ongoing business operations due to the transaction, the effect of the announcement of the acquisition on our ability to retain customers and retain and hire key personnel and maintain relationships with our suppliers, operating results and business generally; our ability to maintain and increase sales volumes of our products; our ability to continue to aggressively control costs and operating expenses; our ability to achieve the intended cost savings and maintain quality with our manufacturing partner; our ability to generate cash from operations; the ability of our suppliers to provide an adequate supply of components for our products at prices consistent with historical prices; our ability to raise outside capital and to repay our debt as it comes due; our ability to introduce new competitive products and the degree of market acceptance of such new products; the timing and market acceptance of new products introduced by our competitors; our ability to maintain strong relationships with branded channel partners; our ability to maintain the listing of our common stock on the NASDAQ Capital Market; customers’, suppliers’ and creditors’ perceptions of our continued viability; rescheduling or cancellation of customer orders; loss of a major customer; our ability to enforce our intellectual property rights and protect our intellectual property (including the outcome of our ongoing patent litigation); general competition and price measures in the market place; unexpected shortages of critical components; worldwide information technology spending levels; and general economic conditions. Reference is also made to other factors detailed from time to time in our periodic reports filed with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this release and we undertake no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.

Connect with Overland Storage

Connect with Overland Storage:
Read the Overland blog: http://overlandstorage.com/blog
Follow Overland on Twitter: http://www.twitter.com/OverlandStorage
Visit Overland on Facebook: http://www.facebook.com/OverlandStorage

Overland Storage, SnapScale, SnapSAN, SnapServer, NEO Series, REO Series and the Overland logo are trademarks of Overland Storage, Inc., that may be registered in some jurisdictions. All other trademarks used are owned by their respective owners.

Investor Relations Contact:

Todd Kehrli or Jim Byers
MKR Group Inc.
323-468-2300
ovrl@mkr-group.com

2016年1月14日
RDX Appliance wins PC Pro Award

Independent external review recommends Tandberg Data’s RDX QuikStation 4. The accolade was achieved following independent and unbiased evaluation by an expert external reviewer and was based on a combination of multiple criteria, including performance, price and features.

2014年1月21日
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.

2012年5月15日
新闻稿:营销解决方案提供商采用腾保数据的RDX QuikStation实现自动备份和数据保护

TreeHouse Interactive 部署 RDX 可移动磁盘存储库,在拥有超过 10TB 数据的开发和生产环境中实现可靠且易于使用的备份

2012年3月14日
新闻稿:腾保数据提供 Thunderbolt 以实现高速接入

已通过 PROMISE SANLink 认证的 LTO-5 半高光纤通道桌面磁带驱动器通过高速 Thunderbolt 与 Mac 连接

2012年3月6日
新闻稿:腾保数据在中国大陆、台湾和香港任命新的区域销售和客服经理

北亚团队将专注于整个地区的经销商招募工作

2012年2月1日
新闻稿:腾保数据推出业界首款具备光纤通道连接能力的 LTO-5 半高外置磁带驱动器

全新 LTO-5 HH FC 磁带驱动器可以简化视频、娱乐、广播、成像和军事应用的存档与工作流任务

2011年5月12日
新闻稿:腾保数据成为RDX® 技术的新拥有者

腾保数据收购ProStor Systems 的RDX业务 

订阅新闻稿
新闻稿回顾
Tags: press releases, public relations archive, PR
Send Feedback

Send Us Feedback

Questions, comments, suggestions? Use our
feedback form and let us know what you think.

Feedback Form