Overland Buys Snap, Adaptec Gets Out of NAS Biz - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Infrastructure
Commentary
6/30/2008
04:15 PM
Howard Marks
Howard Marks
Commentary
Connect Directly
Twitter
RSS
E-Mail
50%
50%

Overland Buys Snap, Adaptec Gets Out of NAS Biz

Today Adaptec dumped their money loosing Snap Appliance division, once as much a mindshare leader in NAS as NetApp, to Overland Storage for $3.6 million after buying it just 4 years ago for $100 million. Overland gets a quality line of NAS appliances to add to its mix of tape libraries, REO VTL/disk backup appliances and Ultamus Fibre Channel RAID arrays along with a sublet of Snap's plant and around 50 employees. Adaptec will keep the top of the line 700 series iSCSI arrays and get to concentr

Today Adaptec dumped their money loosing Snap Appliance division, once as much a mindshare leader in NAS as NetApp, to Overland Storage for $3.6 million after buying it just 4 years ago for $100 million. Overland gets a quality line of NAS appliances to add to its mix of tape libraries, REO VTL/disk backup appliances and Ultamus Fibre Channel RAID arrays along with a sublet of Snap's plant and around 50 employees. Adaptec will keep the top of the line 700 series iSCSI arrays and get to concentrate on RAID controllers.Despite being an early player in the NAS market and selling 200,000 units over the years several generations of management at at least three different owners including Quantum and Meridian Data have struggled to make Snap profitable. Overland reports that Snap will add $18 million a year to their sales and hopes to make it profitable in 9 months or so.

There may well be a few synergies here. Overland and Snap both had a channel based go to market strategy and Overland's channel partners are incredably loyal having stuck with them through some hard times after Overland lost HP's OEM tape library business a few years ago. Snap's NAS appliances had better features, performance and scalability than their Windows Storage Server based midmarket competitors from Iomega to HP and Dell. Finally both Overland's REO and Snap's Guardian OS are based on the Linux 2.6 kernel so some Snap features, like replication, could show up in REOs or Overland could come up with a new product that combines the features of both.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Slideshows
Reflections on Tech in 2019
James M. Connolly, Editorial Director, InformationWeek and Network Computing,  12/9/2019
Slideshows
What Digital Transformation Is (And Isn't)
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/4/2019
Commentary
Watch Out for New Barriers to Faster Software Development
Lisa Morgan, Freelance Writer,  12/3/2019
White Papers
Register for InformationWeek Newsletters
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
Slideshows
Flash Poll