Friday, April 03, 2015

Imation Lock & Key to Safeguard Storage From Unauthorized Access

Imation Corp. introduced Lock & Key, a solution that adds an additional layer of security to storage environments and protects data files from internal and external threats.

It provides advanced two-factor authentication for storage administrators, ensuring lock-down access to storage systems and allowing organizations to enhance their security strategies. Lock & Key solutions will be made available for purchase in June 2015 for use with Nexsan Assureon secure archive solutions.

Lock & Key is a component of company's Secure Data Movement Architecture (SDMA). Through Lock & Key, organizations can enhance their security strategies by requiring a second factor of authentication for storage administrators to gain access to storage systems. No matter where they are, administrators will be able to access a secure management user interface for one or more of Nexsan storage systems using their access credentials and a paired, encrypted and tamper-resistant IronKey secure storage flash drive. Lock & Key solutions are deployed in plug-and-play fashion, and can be centrally controlled and administered by anyone in an organization's IT team who has the required access privileges.

An important element of this framework is the ability to ensure secure access to storage systems and keep data from being stolen, destroyed or illegally accessed. Lock & Key delivers the solution to these problems by adding extra layers of security to block unauthorized access and tampering of storage systems and their digital content.

SDMA gives organizations a holistic approach to actively manage their high-value data files and protect them from tampering, destruction, loss or leakage through their entire lifecycle. SDMA empowers end users to manage their own policy for protecting their high-value data in addition to enabling organizational control and management policies. It addresses the need to safeguard data files throughout the data lifecycle.

Lock & Key builds upon the core capabilities for SDMA and data protection found within Assureon Secure Archive and IronKey secure storage solutions that are in use today. Assureon provides a comprehensive secure archive solution that protects and preserves high-value data, and IronKey mobile storage solutions enable users to securely access their workspaces and files remotely while adhering to corporate IT standards.

Tuesday, February 10, 2015

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 price list.”

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.”

Tuesday, November 18, 2014

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 compensation expense."

Recent Corporate Highlights:
  • 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 Sphere3D.
  • 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.
First Quarter Fiscal 2015 Financial Results:
The 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.

  • 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 2014.
  • 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 2014.
  • 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.
Recent Product Highlights:
  • 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.

Tuesday, October 21, 2014

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.

"We are 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.

Financing Update:
Overland has secured $5.0 million of working capital in the form of debt financing from Cyrus Capital to support restructuring and transition plans.


Restructuring Update:
  • 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.
Overland broadens its product portfolio with following products:
  • 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 consolidation.
  • SnapScale clustered storage with the new version of our RAINcloud OS optimized for virtual infrastructures without adding management complexity.
  • RDX integration with SnapServer provides small-medium business customers with an affordable integrated solution for backup and data exchange.
  • NEO tape automation product line addresses a larger segment of the market, and provide our customers with a broader set of archive options.

Monday, October 13, 2014

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 supported.
The encryption capability is supported when the TS1150 tape drive is integrated with or attached to select IBM supported tape libraries.

Key prerequisites
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

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.