Trusted global unified data
management and data protection solutions provider Overland Storage announced it
has received the needed shareholder votes to complete its acquisition of
Tandberg Data Holdings S.à r.l. Tandberg Data is a privately held global data
storage and data protection solutions leader.
All proposals relating to
the acquisition that were subject to a shareholder vote were approved at
Overland’s special shareholders meeting, which took place on Jan. 16. The
transaction was approved by Overland’s shareholders, with 99.8 percent of
shareholder votes being cast in favor of required matters for completing the
acquisition. With both companies combined, Overland will expand its number of
global channel and service partners to offer one of the most extensive and
complementary product lines and service offerings in the enterprise storage
industry. The acquisition will also expand Overland’s reach in APAC, Europe,
and the Middle East, and the company will be able to leverage its world-class
Chinese manufacturing facility to improve operational efficiencies and meet
customer demand.
Overland’s leadership team,
following the closing of the acquisition, will feature the following
experienced and accomplished executives: Eric Kelly, president and CEO; Kurt
Kalbfleisch, CFO; Randy Gast, COO; Lisa Loe, vice president of WW Mobility
& Cloud Services, Americas, Asia Pacific sales; Scott Petersen, vice
president of WW OEM sales and government; Graham Paterson, vice president of
EMEA sales; Trevor Heathorn, vice president of Overland Engineering; and Carol
Dixon, vice president of global human resources.
Overland will add two new
board members as part of the agreement, which will expand the company’s board
of directors to seven members.
For more information, visit
www.overlandstorage.com
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