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Slide #9. Overland Storage — Tandberg Data
Acquirer:
Overland Storage (OVRL)
Acquiree:
Tandberg Data
Details:
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. 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.
Overland Storage is a provider of unified data management and data protection solutions. Co. develops and delivers a set of products and services for storing data throughout the organization. Co.'s products include its SnapScale™ clustered network attached storage products; SnapServer® products, which are unified network attached storage servers; and SnapSAN® products, which are storage area network arrays. These solutions are available with backup, replication, and mirroring software, and they provide disk-based data protection to protect data for both continuous local backup and remote disaster recovery. Co.'s NEO Series®, StorageLoader®, and StorageLibrary® are tape library solutions.
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