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The news, announced on its own online support forums, was made over the weekend: "For your information and planning, this notice is meant to inform you about some NetApp products that have come to the end of their availability and/or some products that are no longer available from our suppliers.
"This notice announces end of availability of S family/S550 systems. Starting with the March 2009 release of eConfigurator in CE/PE, the S family/S550 systems will no longer be available for quoting and sale. Actual last quote, order and ship date will be limited to quantity-available-on-hand for S family/S550 systems. Date subject to change without prior notice," the announcement stated.
David Spate, Sales Director, Northern EMEA, Overland, stated: "Given the tough economic climate we are now facing, it is quiet frankly stunning that NetApp would want to effectively disenfranchise its customer base by discontinuing this range.
"The S family of entry level storage products was targeted at the SMB segment and we are urging any NetApp customers - and indeed channel partners who resell the range - to contact us as we have in SNAPServer a highly cost effective, scalable, and future proofed product. Your IT investment will be protected with Overland," he added. "Overland is prepared to meet or beat StoreVault quotes, so just contact us!" NetApp said it will continue to support S550 hardware through 2012 should users choose to keep the product. Customers can purchase up to three years of warranty and support extension.
Overland's partner program already allows for resellers to earn up to 5% rebate per quarter on Snap sales and its deal registration system was established to protect reseller margins so channel players concerned about NetApp's decision should contact Overland.
David continued: "When we acquired the Snap Server range in June 2008 we believed we had secured the ideal NAS solution, a perfect fit for our business and existing product portfolio, and also an ideal fit for the SMB sector we market to." "Snap Server enables us to offer a fully scalable NAS solution up to 88TB with class leading performance and optional Enterprise Data Replicator (EDR) software that has advanced replication features. Snap NAS systems target small to medium-sized businesses and remote office or departments of small enterprises, a growth market that we simply cannot believe NetApp has effectively just walked away from."
Mark Kahr, Vendor and Marketing Director at Micro-P, commented, "Overland's SNAPServer range is perfect for SME and midrange customers; it offers the scalability, performance and price point that today's budget challenged market is demanding. The great thing for resellers is that there is a strong margin opportunity here as well, thanks to Overland's registration and rebate programmes."
Resellers and end users interested in the Overland swap out program should send a copy of their StoreVault quote to quotemeasnapserver@overlandstorage.com
About Overland Storage
Overland Storage provides affordable end-to-end data protection solutions that are engineered to store smarter, protect faster and extend anywhere - across networked storage, media types and multi-site environments. Overland Storage products include award-winning NEO SERIES and ARCvault tape libraries, REO SERIES disk-based backup and recovery appliances with VTL capabilities, Snap Server NAS appliances, and ULTAMUS RAID high-performance, high-density storage. Overland sells its products through leading OEMs, commercial distributors, storage integrators and value-added resellers.
Except for the factual statements made herein, the information contained in this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as "believe," "hopes," "intends," "estimates," "expects," "projects," "plans," "anticipates" and variations thereof, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Such forward-looking statements are not guarantees of performance and the company's actual results could differ materially from those contained in such statements. Factors that could cause or contribute to such differences include: unexpected delays or costs related to the acquisition and integration of the Snap business; possible delays in new product introductions and shipments; failure to achieve desired benefits from cost-cutting measures; market acceptance of the company's new product offerings; the ability to maintain strong relationships with branded channel partners; the timing and market acceptance of new product introductions by competitors; worldwide information technology spending levels; unexpected shortages of critical components; rescheduling or cancellation of customer orders; loss of a major customer; general competition and price pressures in the marketplace; the company's ability to control costs and expenses; and general economic conditions. Reference is also made to other factors detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this release and the company undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.
Overland, Overland Storage, REO Series, REO, NEO Series, NEO, ARCvault, ULTAMUS, Snap Server, GuardianOS and Snap Enterprise Data Replicator are trademarks of Overland Storage, Inc.
CONTACT: Jared Foley, Spreckley Partners Tel: +44 (0)207 388 9988 e-mail: foley@spreckley.co.uk Melissa Powell, Spreckley Partners Tel: +44 (0)207 388 9988 e-mail: powell@spreckley.co.uk Overland WWW: http://www.overlandstorage.com
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