Sphere 3D Corp. (ANY)

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SAN DIEGO, CA, May 15, 2014 (Marketwired via COMTEX) -- Overland Storage OVRL +3.10% , a trusted global provider of unified data management and data protection solutions across the data lifecycle, today reported financial results for its fiscal 2014 third quarter ended March 31, 2014.

Eric Kelly, President and CEO of Overland Storage, 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 data storage and data protection solutions on January 21, 2014.


-- Executing on strategic relationship with Sphere 3D to deliver a new purpose built virtual desktop infrastructure (VDI) appliance and software defined storage solution, which will include Overland's NAS platform and be delivered through Overland's channel partners.


http://www.marketwatch.com/story/overland-storage-reports-third-quarter-fiscal-2014-results-2014-05-15