ATTO Technology Expands Relationship with Quantum
Providing joint storage and connectivity solutions for today's high-performance environments
Today ATTO announced it has further expanded its long-standing relationship
with Quantum by making Celerity Fibre Channel Host Bus Adapters (HBAs) with
MultiPath Director, ExpressSAS HBAs and Thunderbolt 2 technology enabled
ThunderLink Desklink Devices available directly through Quantum’s sales
channels. These products are supported by extensive testing and complete
certifications with Quantum’s StorNext Q-Series storage systems, StorNext AEL
archives and Scalar tape libraries.
As the only manufacturer to allow direct connectivity of both servers and
workstations to Enterprise-level storage, ATTO is uniquely positioned to provide
a high-performance connectivity solution for Quantum’s scale-out storage,
archiving and data protection solutions. In addition to managing multiple paths
between Windows, Linux and Mac workstations, ATTO’s solutions for Quantum enable
high throughput and uninterrupted access in a variety of environments including
big data, data backup and recovery, archiving and virtualization.
“Quantum enables customers to capture, share and preserve their digital
assets in the most demanding workflow environments, which requires
high-performance connectivity for access to the data whenever and wherever it’s
needed,” said Dave Frederick, Senior Director, Product Marketing at Quantum.
“We’re pleased to be expanding our partnership with ATTO by offering their Fibre
Channel and SAS HBAs and Thunderbolt Desklink Devices configurable on Quantum’s
ATTO’s Celerity Fibre Channel HBAs and Thunderbolt enabled Desklink Devices
provide an ideal solution for users looking to achieve the highest I/O and data
throughput for growing digital assets and heterogeneous application environments
enabled by Quantum’s StorNext scale-out storage solutions. Both product lines
feature ATTO’s proprietary Advanced Data Streaming Technology (ADS) and
MultiPath Director Technology providing consistent and reliable data transfers
protecting the users digital assets, while streamlining their workflow.
Quantum's Scalar intelligent tape libraries provide best-in-class
performance, reliability, scalability and cost-effectiveness for long-term data
protection and archive. When used in combination with ATTO's ExpressSAS HBAs,
they benefit from low-latency and high-bandwidth connectivity to ensure
consistent data transfers and protection.
“The technology based partnership between ATTO and Quantum is a key step as
we ensure a validated storage solution for today’s complex enterprise
environments and gives users the confidence that their storage infrastructure
will have the highest performance and lowest latency,” said Wayne Arvidson, vice
president of marketing and channels at ATTO Technology, Inc. “Today’s
announcement is a key step as we continue to develop and release further
solutions together throughout the year.”
Overland: Fiscal 1Q15 Financial Results More than doubling revenue with Tandberg
Overland Storage, Inc. reported financial results for its fiscal 2015 first quarter ended September 30, 2014.
Eric Kelly, president and CEO, said: "As
we announced this week, the SEC has declared the Registration Statement
on Form F-4/A filed by Sphere 3D Corporation regarding the proposed
merger between Overland and Sphere 3D to be effective. We are asking
shareholders to approve the merger, and to date, shareholders holding
approximately 65% of our outstanding stock have agreed to vote their
shares in favor of the merger, which is expected to close during the
first week of December. Through our long-term partnership with Sphere
3D, we have been laying the groundwork to build a solid foundation for
the combined company. We are excited to offer our customers a highly
optimized and a comprehensive set of app and desktop virtualization
solutions coupled with scalable, enterprise storage offerings to address
these growing markets in the software-defined IT era."
He further noted: "We are pleased to report that we exceeded
internal revenue projections in the past quarter, and we have completed
the third phase of our integration plan with Tandberg Data. The
significant operational changes at Overland will result in cost-savings
of 10% to 15% (or $2 million to $3 million) greater than our
previously-announced target of $20 million. The final phase of the
integration plan, which includes recent organizational reductions and
changes to our manufacturing and supply chain operations, is expected to
positively impact gross margins going forward. The Tandberg integration
plan will be completed prior to the closing of the merger agreement
with Sphere 3D and is expected to allow for a profitable run-rate
exiting calendar year 2014, excluding one-time charges and stock
Recent Corporate Highlights:
First Quarter Fiscal 2015 Financial Results:
- Completed the third phase of the company's integration plan with Tandberg Data.
- The Registration Statement on Form F-4/A filed by Sphere 3D
Corporation has been declared effective by the SEC. Shareholders will be
asked to approve the merger at a meeting of shareholders on November
28, 2014. Certain Overland Storage shareholders holding approximately
65% of the outstanding Overland shares have agreed, pursuant to voting
agreements, to vote their shares in favor of the merger, and as a result
Overland expects the merger to be approved at the shareholder meeting,
and completed during the first week in December.
- Secured $5.0 million of additional working capital in the form of
debt financing from Cyrus Capital to support our transition plans.
- Entered into a Memorandum of Understanding with the plaintiffs in
the consolidated class action cases that would, subject to court
approval and other standard conditions, provide for the settlement of
all outstanding claims in regard to our proposed merger transaction with
- Litigation update: November 7, 2014, the United States Patent and
Trademark Office issued a Final Written Decision finding claims 1-11 of
U.S. Patent No. 6,328,766 to be unpatentable. Overland has the option to
appeal the decision to the United States Court of Appeals for the
Federal Circuit. Overland Storage has successfully settled its
infringement litigation related to this patent with all other parties.
following financial highlights for the first fiscal quarter of 2015
reflect contribution from the Tandberg Data acquisition, which
contribution is not reflected in the comparative results for the first
fiscal quarter of 2014.
Recent Product Highlights:
- Net revenue was $22.9 million, compared to $10.6
million for the first quarter of fiscal 2014 and $24.2 million in the
fourth quarter of fiscal 2014. Product revenue for the first quarter of
fiscal 2015 was $19.3 million, compared to $6.1 million for the first
quarter of fiscal 2014 and $19.8 million in the fourth quarter of fiscal
- Gross margin was 27.8%, compared to 33.7% in the first quarter of fiscal 2014, and 26.9% in the fourth quarter of fiscal 2014.
- Operating expenses were $13.3 million, compared to
$7.7 million in the first quarter of fiscal 2014 and $15.0 million for
the fourth quarter of fiscal 2014. One-time costs for the first quarter
of fiscal 2015 were approximately $1.9 million.
- Stock compensation expense was $0.8 million,
compared to $0.9 million in the first quarter of fiscal 2014 and $1.2
million in the fourth quarter of fiscal 2014. Depreciation and
amortization was $0.9 million in the first quarter of fiscal 2015,
compared to $0.3 million in the first quarter of fiscal 2014 and $1.0
million in the fourth quarter of fiscal 2014.
- Net loss was $7.3 million, or a loss of $0.42 per
share, compared to a net loss of $4.6 million, or a loss of $0.75 per
share, in the first quarter of fiscal 2014, and a net loss of $7.4
million, or a loss of $0.42 per share, in the fourth quarter of fiscal
- Adjusted EBITDA was a loss of $3.8 million,
compared to adjusted EBITDA of a loss of $3.0 million in the first
quarter of fiscal 2014, and a loss of $6.3 million in the fourth quarter
of fiscal 2014.
- Cash and short-term investments at September 30, 2014 were $6.9 million, compared to cash and short-term investments of $12.1 million at June 30, 2014.
As of September 30, 2014, the company had $5.1 million outstanding
under its credit facilities and $17.3 million outstanding under its
notes from related parties.
- V3 hyper-converged appliances designed to address the rapidly growing virtualization and cloud markets.
- SnapServer XSD 40, powered by the new GuardianOS 7.6 software, is
the simplest and most versatile NAS and iSCSI SAN storage system
available for today's business needs--from virtualized server and
Exchange environments, to backup and storage consolidation.
- VMware-certified SnapScale clustered storage featuring RAINcloud OS
4.1, the next major software release with software-defined storage
services for virtual infrastructures.
- RDX integration with SnapServer provides SMBs customers with an affordable, integrated solution for backup and data exchange.
- NEO XL-Series automated tape libraries, combining flexibility, density, performance and best value for backup, archive and DR.
Overland On Track for Completion of Transformation
Overland Storage, Inc. reported progress on the third phase of the company's transformation and its achievements for operational efficiencies intended
to deliver a profitable run-rate exiting calendar year 2014, excluding
stock-based compensation and one-time charges related to the Sphere3D
merger and the Tandberg acquisition.
pleased to report that the expected operational changes will exceed our
previously-announced annual cost savings target of $20 million by 10% to
15%. As a result, we are on track to execute on our overall
transformation strategy to build a strong foundation for our core
business, increase global scale, and enter new and innovative markets," said Eric Kelly, president and CEO, Overland.
Sphere3D Merger Update:
- Sphere3D has filed with the SEC Amendment No. 2 to its Registration
Statement on Form F-4/A covering the shares of Sphere 3D's common stock
to be issued in connection with the proposed merger with Sphere 3D.
- The proposed merger with Sphere3D continues to be on track to close
this fiscal quarter, subject to the effectiveness of the registration
statement described above.
- Overland have entered into a memorandum of understanding with the
plaintiffs in the consolidated class action cases referred to as In re Overland Storage Inc., Shareholders Litigation
that would, subject to court approval and other standard conditions,
provide for the settlement of all outstanding claims in regard to our
proposed merger transaction with Sphere3D.
Overland has secured $5.0
million of working capital in the form of debt financing from Cyrus
Capital to support restructuring and transition plans.
Overland broadens its product portfolio with following products:
- Between the closing of our acquisition of Tandberg Data and the end
of this quarter, the company reduced headcount by over 100 people,
constituting approximately 30% of our workforce excluding personnel in
our Chinese manufacturing facility.
- It in the process of completing the transition of manufacturing from
our San Diego facility to China facility and contract manufacturers.
- Relationship with BDT Media Automation GmbH has progressed with the
expansion of the company's tape automation product offerings and
previously announced patent cross license agreement.
- V3 hyper-converged appliances designed to address the growing virtualization and cloud markets.
- SnapServer XSD 40, powered by the new GuardianOS 7.6 software, is a
simple NAS and iSCSI SAN storage available for business needs - from
virtualized server and Exchange environments, to backup and storage
- SnapScale clustered storage with the new version of our RAINcloud OS
optimized for virtual infrastructures without adding management
- RDX integration with SnapServer provides small-medium business
customers with an affordable integrated solution for backup and data
- NEO tape automation product line addresses a larger segment of the
market, and provide our customers with a broader set of archive options.
IBM TS1150 Model E08 Tape Drives With Record 10TB Native Capacity and 360MB/s …
IBM TS1150 Model E08 (3592-E08) is the fifth generation of the IBM 3592
enterprise tape drive and is designed to provide higher levels of performance,
reliability, and cartridge capacity than the TS1140 Model E07 tape drive.
The TS1150 has a 32-channel GMR head design to deliver a
native data rate performance of up to 360MB/s versus the 250MB/s data rate of
the TS1140. TS1150 tape drives have dual-port 8Gb FC interfaces
for FC attachment to host systems or a switched fabric environment.
The TS1150 Model EH8 (3592-EH8) tape drive is the HD2-compatible model of the
TS1150 for installation in HD2 frames of the TS4500 tape library.
Model conversions are also supported to allow TS1150 model E08 to be moved
from TS3500 tape library to the HD2 frames of a TS4500.
With the use of the Tape Cartridge 3592 Advanced Data (Type D), TS1150 can
format a cartridge uncompressed up to 10TB. TS1150 is designed for automation
and uses a tape cartridge with a form factor similar to other 3592 tape
cartridges, allowing it to be used in the TS4500 tape library.
The TS1150 also supports drive-based data encryption to help protect data.
The TS1140-based encryption and associated IBM Security Key Lifecycle Manager
components are supported in a variety of OS environments, including Power,
System i, System x, System p, Oracle, Linux, and Windows.
Application, system, or library managed encryption management methods are
The encryption capability is supported when the TS1150 tape drive is
integrated with or attached to select IBM supported tape libraries.
The TS1150 tape drive is supported in
environments including select Power Systems, System i, System p, System x, and
other servers running AIX, Linux, Oracle Solaris, and Windows OS environments.
Planned availability date
- October 24, 2014: Model E08 and its feature numbers;
feature number 9699 and model conversion for model E07 to model E08
- November 21, 2014: Feature numbers 1628, 1629, and
model EH8; model conversions for model EH7 to EH8 and model E08 to model EH8
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
- 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.
- 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
- 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
In addition, the company has hired Symform's development team,
including CTO and co-founder Bassam Tabbara, to help build out these
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.
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:
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:
- 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 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.
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."
Third Quarter Fiscal 2014 Financial Results
- 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
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.
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
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