Worth repeating roth comments after news today 50 BILLION
Sphere3D is well-positioned to target next-generation mobile, social, and big data applications. We believe that Sphere3D, with its Glassware 2.0 virtualization software and ability to virtualize any application in any environment, is well-positioned to benefit from the trend to migrate enterprise and consumer applications to a cloud-only or a hybrid premise-based enterprise and cloud environment. According to IDC, the total available market (TAM) for cloud virtualization software, services, infrastructure, storage, and backup appliances is likely to approach $50 billion by 2018. In our opinion, Sphere3D, with its Glassware 2.0 virtualization software, V3 Systems desktop virtualization appliance, Overland Storage distributed network attached storage (NAS) platforms such as SnapServer and SnapScale appliances, SnapCLOUD storage, and Tandberg Data removable disk cartridges and tape drives, is well-positioned to address a significant portion of this $50 billion market over the next five years. We believe that many small/medium business entities and large enterprise OEMs will likely adopt a hybrid cloud architecture that leverages the security, control, and cost- effectiveness of on-premise storage, networking, and data processing with the simplicity, scalability, and on- demand capabilities of a cloud-based architecture. In our opinion, Sphere3D is well-positioned to enable this migration to a hybrid cloud architecture with the company’s blend of on-premise and cloud-based software, storage, and data management capabilities.
Features & Benefits of Sphere3D’s Glassware 2.0 Virtualization Technology. We believe that Sphere3D’s Glassware 2.0 virtualization technology is a container-based virtualization technology that is significantly faster than other virtualization technologies due to its ability to host multiple operating systems and applications on a common kernel. In our opinion, this container-based technology is optimized to run and remotely deliver native- speed applications performance on any device and operating system since it eliminates the performance overhead associated with traditional hypervisor-based virtualization. We note that Glassware 2.0 supports all Windows, Linux, Android, and any proprietary mainframe or legacy operating system and applications written in the last 30 years and enterprises can use Glassware 2.0 to quickly migrate legacy applications to the cloud. We note that Docker (a high-profile private software company which has raised over $200 million dollars at a billion dollar recent valuation) enables new applications to be containerized and easily developed. In contrast, Glassware 2.0 is optimized to remotely run existing and new software on any operating system at “native speeds” without recompilation. Sphere3D has demonstrated a 10x improvement in the number of hosted, concurrent users for a Glassware appliance-based Windows Azure cloud virtualization environment versus traditional virtualization stacks running on a Windows server environment.
Features & Benefits of Sphere3D’s SnapCLOUD Storage Platform. In our opinion, Sphere3D’s recent launch of the SnapCLOUD hybrid enterprise and cloud storage and data management platform combines the best elements of performance, cost, and security of on-premise SnapScale and SnapServer NAS storag
with the simplicity, scalability, and pay-as-you go capability of a cloud-based storage and management platform. The SnapCLOUD architecture leverages Overland Storage’s 30+ years of experience in deploying enterprise grade storage platforms with a robust, scalable, high-performance NAS system with Glassware 2.0 virtualization and cloud capabilities. In our opinion, Sphere3D’s Glassware 2.0 platform and SnapCLOUD storage platform may allow cloud service providers such as Microsoft Azure to offer high-performance applications and software-as-a-service (SAAS) together with cloud and enterprise hybrid storage capabilities and allow a seamless migration path for SMB and large enterprise customers to migrate their legacy software applications to a hybrid cloud model.
Global Presence With Established Distribution/Reseller Channel. We believe that Sphere3D, through its acquisition of Overland Storage/Tandberg Data and V3 Systems now has a global presence with established distribution and reseller channel in key markets such as USA, Canada, Europe/Middle East, China, Japan, and India. Sphere3D, subsequent to the Overland Storage merger, also has blue chip customers such as British Telecom, Boeing, Ricoh, Johnson Controls, JP Morgan, Fujitsu, Coca-Cola, McDonald's, Philips, Fiat and others. We note that Sphere3D, along with acquired companies Overland Storage, Tandberg Data, and V3 Systems, has a network of 20,000 resellers in 90 countries. We believe that strategic partnership with industry leaders such as Microsoft, VMWare, and others and an installed based of over 1 million storage/data management units globally storing Exabytes of data gives Sphere3D good credibility with large enterprise and SMB customers.
