Xconomy San Diego

Overland Storage Obtains $5,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f3f82738-6391-4961-8994-ba042101d798&Preview=1
Date
3/25/2009
Company Name
Overland Storage
Mailing Address
4820 Overland Avenue San Diego, CA 92123
Company Description
Overland Storage is a market leader and innovative provider of smart, affordable data protection appliances that help midrange and distributed enterprises ensure business-critical data is constantly protected, readily available and always there. Overland’s award-winning products include NEO SERIES?and ARCvault?tape libraries, REO SERIES?disk-based appliances with Virtual Tape Library (VTL) capabilities, ULTAMUS?RAID SAN-based appliances and Snap Server NAS-based appliances. Overland sells its products through leading OEMs, commercial distributors, storage integrators and value-added resellers.
Website
http://www.overlandstorage.com/
Transaction Type
Venture Equity
Transaction Amount
$5,000,000
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes were not disclosed.
M&A Terms
Venture Investor
Undisclosed