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SAN DIEGO, CA – January 25, 2012 – Overland Storage (NASDAQ: OVRL), the trusted global provider of effortless data management and data protection solutions across the data lifecycle, today announced that it is offering customers two new promotions for the New Year as part of its ongoing mission to provide the best combination of secure, accessible and affordable data storage solutions. Along with providing customers the opportunity to receive 4TB of free disk storage, Overland Storage is also helping customers upgrade to new technology by offering $2000 cash back with its NEO Series Upgrade Promotion. Customers have until March 31, 2012 to take advantage of the following promotions:

Double the Bang for Your Buck

• Customers can double their storage capacity for free. When they purchase a 4TB SnapSAN S1000 solution they will automatically receive a total of 8TB of storage capacity.

Out with the Old, In with the New

• Customers can trade up and save by receiving up to $2000 cash back when upgrading to a new NEO Series tape library.