Friday, May 16, 2014 8:46:55 AM
Transcript of CC -
http://seekingalpha.com/article/2221443-overland-storages-ovrl-ceo-eric-kelly-on-q3-2014-results-earnings-call-transcript?part=single
Albert Fried & Company
As far as the background transaction, could you maybe just talk about if this was solicited or unsolicited? Did you guys hold an auction process for this? Just talk about how this came about.
Eric Kelly - Chief Executive Officer, President
I think it came about just because of the strategic relationship that we developed well over a year ago, where we both realized that the combination of the two companies, one plus one was a much more magnitude than two.
And as you start looking at what’s happening in the industry in terms of virtualization, in terms of cloud, and how that integrates with the back-end storage, you see that by putting the two technologies together, we have been able to deliver a product line that we believe is the first to the market. There’s no one that has this solution out there.
And I can just tell you, from the initial feedback, from some of our early adopter customers, they are very excited about what we’re doing. And as Peter mentioned, the combination of their technology, our operational and service support on a global basis, makes this a very powerful combination.
http://seekingalpha.com/article/2221443-overland-storages-ovrl-ceo-eric-kelly-on-q3-2014-results-earnings-call-transcript?part=single
Albert Fried & Company
As far as the background transaction, could you maybe just talk about if this was solicited or unsolicited? Did you guys hold an auction process for this? Just talk about how this came about.
Eric Kelly - Chief Executive Officer, President
I think it came about just because of the strategic relationship that we developed well over a year ago, where we both realized that the combination of the two companies, one plus one was a much more magnitude than two.
And as you start looking at what’s happening in the industry in terms of virtualization, in terms of cloud, and how that integrates with the back-end storage, you see that by putting the two technologies together, we have been able to deliver a product line that we believe is the first to the market. There’s no one that has this solution out there.
And I can just tell you, from the initial feedback, from some of our early adopter customers, they are very excited about what we’re doing. And as Peter mentioned, the combination of their technology, our operational and service support on a global basis, makes this a very powerful combination.
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