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Overland Grabs Adaptec's Snap Server Biz

Backup specialist Overland has bought Adaptecs Snap Server business in an attempt to gain a foothold in the SMB NAS market.

The Snap Server deal, which is valued at just $3.6 million, is Overland’s latest effort to beef up its traction with smaller enterprises following its de-dupe deal with Diligent, which was announced late last year.

”One of the fastest growing markets is NAS, and we did not have a solution to offer,” explains Vern LoForti, the Overland CEO. “A lot of times when we talked to our customers and partners, they asked us about that.”

The vendor will now flesh out its VTL, tape automation, and SAN product line with the Snap Server devices, and is already planning to bundle the different technologies together. “It’s a whole product portfolio for folks to look at,” says LoForti.

The San Diego-based vendor is clearly looking to boost its revenues after flagging OEM sales hit its second quarter results, following a tough spell for the company after it was dumped by OEM partners HP and Dell. In a statement released this morning, Overland estimated that the acquisition will add approximately $18 million in annual revenues.

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