January 22, 2014
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Overland Storage Inc., the San Diego provider of data storage systems that agreed to be acquired in May by Ontario, Canada-based Sphere 3D, said the transaction is on track to close in the current fiscal quarter.
Overland Storage, the San Diego data storage systems provider that entered into a definitive agreement to be acquired by a Canadian software company earlier this year, reported fiscal 2014 fourth quarter revenue of $24.2 million, up 101 percent from the like quarter of the prior fiscal year.
Overland Storage, a San Diego provider of data storage systems that’s in the midst of being acquired by a Canadian software company, said its net revenue for the fourth quarter should exceed $24 million, up from $20 million in the third quarter.
Overland Storage, a San Diego provider of data storage services, agreed to be acquired by Sphere 3D Corp., a Canadian business for $81 million in stock.
Overland Storage, a San Diego provider of data storage systems, said its acquisition of Tandberg Data Holdings was approved by its shareholders by a 99 percent margin at a special shareholders meeting Jan.16.