Wednesday, August 13, 2014

Overland Expects to Exceed $24 Million Revenue for 4FQ14 - Up from $20 million for former quarter

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

"The company continues to execute on its plan to become a global leader in the rapidly-growing virtualization, cloud computing, mobile and data management markets," said Eric Kelly, president and CEO, Overland. "We are seeing positive customer responses to the combination of Overland and Tandberg, and are progressing towards achieving the operational efficiencies required to return to profitability. In addition, our recent financial results, coupled with product growth and achievements, are providing a good foundation as we progress into our next growth phase."

Financial Highlights:
  • Net revenue for the fourth quarter of FY2014 is expected to exceed $24 million, up from approximately $20 million from the third fiscal quarter.
  • RDX revenue is expected to exceed $8 million for the fourth quarter of FY2014, up from approximately $6 million in the third quarter.
  • NAS revenue increased more than 20% from the third quarter to the fourth quarter of FY2014.
  • Integration with Tandberg Data: The company is continuing to remain on track with its integration plan, and expects to achieve approximately $20 million in annual synergies, as previously disclosed, by the end of calendar year 2014.

Business Highlights:
  • RDX: The RDX product line has reached a milestone with over 2 million RDX removable disk cartridges and over 650,000 RDX drives shipped worldwide.
  • NAS: The company announced the newest version of its GuardianOS NAS OS with enhanced features for simplified storage management, improved compatibility, security and performance. Optimized for reliability and speed, GuardianOS delivers storage provisioning, data protection, improved cross-platform file sharing, mixed client network environments, and security. GuardianOS 7.5 is available for download.
  • Tape business: In June, Overland Storage won Tape-Based Product of the Year at the 2014 Storage Awards for its NEO 8000e tape library, and was named runner-up for the Tandberg StorageLibrary T40+.
  • SnapServer and BitTorrent Collaboration: Earlier this month, the company announced collaboration with BitTorrent, Inc. to embed BitTorrent Sync within Overland's SnapServer NAS product line. Available, this solution delivers an integrated, secure private cloud mobility solution, and synchronizes files between geographically-dispersed mobile devices, tablets, desktop clients and networked storage systems with no transfer limits or subscription fees.
  • Virtualization business continues through the company's existing partnership with Sphere3D. Several customers are participating in the early adopter and pilot programs including organizations in key market segments such as:
    • Public Sector: Thousand+ Chromebook implementation based on Glassware 2.0
    • Healthcare: A network of hospitals are implementing a combined solution that includes SnapServer DX2, V3 appliances, and Glassware2.0
    • Cloud Deployment: A leading business productivity applications suite virtualized by the Glassware 2.0 and built on an Overland cloud infrastructure
  • BDT Lawsuit Settlement: Overland has settled all claims in its patent infringement litigation filed against BDT Media Automation GmbH. As part of the settlement agreement, Overland has entered into a patent cross-license agreement with BDT Media Automation GmbH and an investment in Overland by BDT.
  • Sphere3D Merger: Overland's definitive merger agreement with Sphere3D Corporation is progressing with a Form F-4 registration statement that was filed on July 23

Quantum Acquires Start-Up Symform - Tape Library Company to Expand Cloud Offering

Quantum Corp. has acquired Symform, Inc.'s cloud storage services platform, which is currently used by 45,000 individual users and small businesses in 170 countries.

Quantum is committed to maintaining the service for existing Symform customers and also plans to leverage the technology to expand Quantum's cloud software capabilities and service offerings in data protection and scale-out storage.

In addition, the company has hired Symform's development team, including CTO and co-founder Bassam Tabbara, to help build out these offerings.

Symform's extensible cloud service manages petabytes of storage and billions of data objects under management in a range of use cases. Its technology supports scalability and provides benefits such as self-healing and self-protection that enable simple, non-disruptive technology migration. In addition, Symform's technology is known for its simple deployment and ease of use.

Other benefits include:
  • Flexible options for cloud storage - Symform's technology offers options for integrating customer data into the cloud, including file sync and share, file backup and archive and system replication, with the ability to move data to and from smartphones, tablets, laptops, workstations and servers (Windows, Linux and Apple platforms). Flexible, modular architecture also allows customers in geographies not serviced by traditional cloud providers to experience the benefits of cloud storage. In addition, the technology can be leveraged in other ways beyond its current uses, including creating private clouds, enabling other service providers and deploying higher-level cloud storage offerings.
  • Internet access to files from any device, anywhere - Symform's technology provides easy access to files from any device, anywhere, without the need to retrieve data through a backup agent or central server. All data is automatically encrypted at the source, and, depending on the hardware configuration, the system can deliver differing levels of service, enabling high-latency cold storage and more active backup and archive.
  • Web-based, centralized management of all components - As the foundation of a production cloud, the technology supports 100% web-based, centralized management of all cloud components. This makes it easy to set up and deploy cloud environments for use cases such as file sharing, backup and archive.

Monday, June 23, 2014

Atto Certified by HP - For FC, Thunderbolt and SAS based storage environments

ATTO Technology, Inc., in storage, network connectivity and infrastructure solutions for data-intensive computing environments for more than 25 years, highlights its partnership with HP.

As IT infrastructures see some of its most radical change in over a decade, ATTO and HP are poised to deliver unique solutions that support the New Style of IT.

"The transformation within the IT market requires a very different set of performance characteristics," said Wayne Arvidson, VP marketing and channels, ATTO. "ATTO and HP have been solving similar challenges in other vertical markets for over 25 years and now bring this expertise to help create what HP is calling the New Style of IT."

ATTO's expertise in storage and network connectivity has enabled them to provide technology solutions for industry platform providers like HP. The ATTO partnership enhances HP's solutions for the IT infrastructure, from enterprise data center to workgroup environments, encompassing all facets of storage, servers, workstations, and backup. This creates a single source of performance connectivity solutions for HP customers and partners.

ATTO provides HP-certified solutions that maximize the availability of data and improve application performance in FC, Thunderbolt and SAS based storage environments, as well as 10 Gb/s Ethernet networks.

These certifications include:
  • Thunderbolt to SAS/SATA Thunderlink and Thunderstream Desklink devices
  • Celerity Gen 5 powered 16Gb and 8Gb FC HBAs
  • ExpressSAS SAS/SATA HBAs and RAID adapters
ATTO's Desklink family of products provides performance connectivity for HP Thunderbolt-enabled workstations, all-in-ones and laptops, including the Z-series, and is certified with HP's StoreEver Ultrium LTO-5 and LTO-6 tape drives. Thunderbolt-enabled Desklink devices provide small form-factor platforms with system configuration flexibility and the only way to connect into an existing high-performance storage and networking infrastructure.

ATTO HBAs provide customers with performance workstation connectivity to their MSA Storage and 3PAR StoreServ Storage. ATTO HBAs, with performance and throughput, outperform the competition when it comes to moving and storing data. ATTO provides a redundant storage solution featuring ATTO Celerity FC HBAs and HP's 3PAR StoreServ storage systems. Utilizing ATTO's MultiPath Director technology allows workstations to have redundant access and failover, as well as load balancing capabilities, taking advantage of 3PAR's advanced enterprise storage features. Users are able to collaborate on HA storage in real-time, without losing access to their data.

Benefits of ATTO Celerity FC HBAs with HP 3PAR StoreServ Storage include:
  • ATTO's Advanced Data Streaming (ADS) designed to manage latency and provide high bandwidth for both data-intensive and high-transaction rate applications, providing increased uptime and better productivity.
  • ATTO's MultiPath Director Technology provides uninterrupted access to storage with automatic path failover and failback, and is the only solution that allows workstations, not just servers, direct connection to HA, performance enterprise storage for shared workflows.
  • Direct workstation connectivity to enterprise storage in big data environments such as scientific, medical, engineering and media applications, improves aggregate bandwidth and reduces 'time-to-data' so users can make critical decisions faster.

Monday, May 19, 2014

Overland: Fiscal 3Q14 Financial Results - Revenue up 74% with Tandberg

Overland Storage, Inc. reported financial results for its fiscal 2014 third quarter ended March 31, 2014.

Eric Kelly, president and CEO, said: "During the quarter, we completed the first phase of our continuing integration of Tandberg Data ahead of plan, and we continue to make good progress with our integration activities which are projected to be complete by the end of the calendar year. Through this process, we remain focused on leveraging the increased scale and resources of the combined company to maximize the growth opportunities we see with our expanded product and service portfolio, as well as the launch of our integrated virtualization and storage solutions, which we expect to occur in the next few months. We are seeing very positive customer responses to the combination of Overland and Tandberg, and believe that once fully integrated, we will achieve the operational efficiencies to enable us to become a profitable and growing company."


Recent Highlights:


  • Completed acquisition of Tandberg Data Holdings S.a r.l., a privately held global leader of storage and data protection solutions on January 21, 2014.
  • Executing on strategic relationship with Sphere 3D to deliver a new purpose built VDI appliance and software-defined storage solution, which will include Overland's NAS platform and be delivered through channel partners.
Third Quarter Fiscal 2014 Financial Results
The following financial results for the third quarter of 2014 reflect contribution from the Tandberg acquisition for a partial quarter from January 22, 2014 through March 31, 2014 resulting in the exclusion of twenty-one days of Tandberg operations from Overland's. On a pro forma basis, net revenue for the three months ended March 31, 2014 is $22.3 million.


Net revenue for the third quarter of fiscal 2014 was $20.2 million, compared to $11.6 million for the third quarter of fiscal 2013 and $10.6 million in the second quarter of fiscal 2014.

Product revenue for the third quarter of fiscal 2014 was $15.8 million, compared to $6.9 million for the third quarter of fiscal 2013 and $6.6 million in the second quarter of fiscal 2014.
      
Gross margin for the third quarter of fiscal 2014 was 32.5%, compared to 33.1% for the third quarter of fiscal 2013 and 34.5% in the second quarter of fiscal 2014.
      
Operating expenses for the third quarter of fiscal 2014 were $13.4 million, compared to $9.0 million in the third quarter of fiscal 2013 and $8.2 million for the second quarter of fiscal 2014.
      
Stock compensation expense was $1.0 million in the third quarter of fiscal 2014, compared to $1.2 million in the third quarter of fiscal 2013 and $0.8 million in the second quarter of fiscal 2014.

Depreciation and amortization was $0.9 million in the third quarter of fiscal 2014 and $0.3 million in both the third quarter of fiscal 2013 and the second quarter of fiscal 2014.
      
Net loss for the third quarter of fiscal 2014 was $6.6 million, or a loss of $0.44 per share, compared to a net loss of $5.1 million, or a loss of $0.87 per share, in the third quarter of fiscal 2013 and a net loss of $4.3 million, or a loss of $0.59 per share, in the second quarter of fiscal 2014.
      
Cash and short-term investments at March 31, 2014 were $7.3 million, compared to cash of $8.8 million at June 30, 2013. At March 31, 2014, the company had $4.4 million outstanding under its credit facilities and $9.5 million outstanding under its convertible notes.

Tuesday, April 08, 2014

Announcement of 6TB HDD From Seagate Imminent

Seagate could reveal in few days that the company will offer the availability of a 3.5-inch 7,200rpm HDD this quarter at 6TB, a record reached only by HGST using helium gaz.
Seagate is not in helium technology and it could use SMR with six platters for a cheaper price than HGST helium drive.
But there is no reason to use helium with SMR into the same device and then HGST will have the possibility to beat the current 6TB limit merging the two technologies.
This Seagate's 6TB unit could be revealed for the first time for an external drive.
"We are continuing to expand our offering of high capacity drives with our 6TB drive shipping early next quarter," said Steve Luczo, chairman and CEO of Seagate, during a conference call with financial analysts last January.

Tuesday, April 01, 2014

Imation Nexsan E-Series With Datacore SANsymphony-V

Imation Corporation, announced that its Nexsan E-Series storage arrays have been certified as DataCore Ready.

When combined with the DataCore SANsymphony-V storage virtualization platform, the solution offers data centers rapid ROI through significant improvements in data availability, agility, performance and flexibility.

"Without virtualization, storage and compute capacity are often wasted in application-specific silos. In a virtualized environment, hardware resources can be pooled and optimized from heterogeneous devices, which improves flexibility for the IT administrator," said Mike Stolz, VP marketing and technical services, Imation's Nexsan solutions. "The combined DataCore SANsymphony-V and Nexsan E-Series solution allows IT administrators to create the optimal virtualized storage architecture on highly reliable, proven Nexsan E-Series hardware."

The integrated solution offers benefits including:
  • Performance: Using E-Series arrays as a high-performing storage foundation, SANsymphony-V increases performance by supporting RAM caches of up to 1TB to accelerate reads and writes. SANsymphony-V also rebalances loads due to hotspots to further improve response and throughput.
  • Provisioning: The E-Series system allows IT professionals to mix-and-match SAS, SATA and SSDs. SANsymphony-V then provisions virtual disks as required to support different types of workloads. Granular thin provisioning and automated capacity reclamation gives administrators more options for improving efficiency.
  • Auto-tiering: SANsymphony-V analyzes what blocks of data need higher I/O throughput and assigns those blocks to the appropriate storage tier. Throughout this automated process, priority workloads like SQL databases can be given preference to fast storage including flash, while cooler data or lower prioritized workload data can be moved to lower-cost drives. E-Series storage arrays deliver virtually unlimited flexibility for configuring storage tiers according to capacity, performance and price characteristics, and the solution enables multiple tiers to be configured in a single E-Series system or across other existing storage hardware.
  • BC: By keeping data in two physically separate locations at the same time with the help of synchronous mirroring, the combined solution prevents storage from becoming a single point of failure for stretched cluster configurations. Imation and DataCore offer an alternative to expensive storage arrays. DR scenarios also are supported by enabling asynchronous replication across distant sites.
  • Migration: Storage investments risk creating more complexity and islands of incompatible devices. SANsymphony-V and E-Series work together to pool existing storage assets, eliminating risk of incompatibility and improving ROI across the entire infrastructure. Also, SANsymphony-V virtualizes data from the underlying hardware, enabling migration of data from legacy systems to E-Series with minimal or no interruption to running workloads

Wednesday, March 26, 2014

Promise’s Vess A2000 NVR Storage Appliance Certified for Milestone XProtect

PROMISE Technology, Inc. announced that the Vess A2000 Series NVR storage appliance is one of the first IT infrastructure solutions to be certified by Milestone Systems A/S for interoperability with XProtect video management software (VMS), an open platform IP video surveillance software.

After a testing process, the Vess A2000 Series was verified to not only offer an optimized user experience, but it delivered over four times the performance required for certification with XProtect VMS. The testing results prove that customers building surveillance solutions can deploy the Vess A2000 Series with XProtect VMS knowing the solution will perform reliably for recording and storing surveillance video.

The Milestone IT Infrastructure Certification Program tests and evaluates components to verify and document that they are interoperable and optimized for XProtect VMS. As a Milestone Certified Solution, customers are assured that the Vess A2000 Series can be deployed with XProtect VMS to meet the security needs of a range of projects, from small installations that only require a handful of cameras to large-scale deployments such as airports or city surveillance.

"PROMISE Technology has completed the Milestone Solution Certification for the Vess A2000 Series NVR storage appliances, which verifies the performance and reliability of Vess A2000 NVRs in operation with Milestone XProtect video management software," said Trine Voss, head of Milestone Solution Partner Program. "The performance results of the Vess A2000 Series certification are excellent; the NVRs performed 4 times better than the Milestone default benchmark. This Milestone Solution Certification is a clear indication of PROMISE Technology's commitment to end-users who are considering investing in high-performance security appliances and video management software."

 "We are very pleased that the Vess A2000 Series NVR storage appliance is one of the first IT infrastructure solutions to be certified by Milestone," said Jack Yang, senior product planning and marketing manager, PROMISE. "As a Milestone Certified Solution, Vess has been tested extensively with XProtect to ensure channel partners and customers a reliable and well-performing solution as well as an optimal user experience."

Wednesday, March 05, 2014

Qualstar Corporation Celebrates 30 Years in Business

Qualstar Corporation a manufacturer of data security and archive storage solutions and high efficiency power supplies, celebrates its 30th anniversary this year since commencing business operations in 1984.

"It is quite an accomplishment for any company to obtain their 30th anniversary, and I am very proud to be a part of that significant milestone for Qualstar. Over the course of three decades, we have successfully developed a lasting reliable product, a loyal customer base and we are well positioned for future growth," said Steven Bronson, Qualstar's Chief Executive Officer.

Qualstar has been creating reliable, cost effective and easy to use automated tape libraries for thirty years. Our tape library models provide combinations of capacity and throughput to match any storage management requirement, including multiple tape drives and span capacities from 310 terabytes to more than 73 petabytes. With low cost, high density Ultrium LTO technology, tape libraries are clearly the most efficient and cost effective storage for backup, data protection and archiving of electronic information. Qualstar tape libraries are designed for years of continuous unattended operation and allow simultaneous reading and writing to multiple drives. They also offer key features such as built in data encryption, key management and scalability to keep pace with rapidly expanding storage requirements.

Qualstar's tape libraries have a long history of quietly and reliably preserving and protecting our customers' most essential past, present and future data assets. We've built on that foundation and have added intelligent and focused talent to our engineering, sales and support teams so we can keep doing what we do best, even better -- designing and manufacturing products that continue to set standards for data capacity, density, reliability, power efficiency and scalability: all things that add up to the lowest Total Cost of Ownership (TCO) in the industry. Our customers know they can count on us to design and manufacture reliable products so they can do theirs.

We also note that through our N2 Power division, for the past 16 years, we manufactured and offered state of the art power supply components for the electronics industry.

We look forward to the exciting opportunities in the data storage business and the power supply business based on technology advances and increased data that needs to be stored.