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San Diego, CA – September 24, 2012 – Overland Storage (NASDAQ: OVRL), the trusted global provider of effortless data management and data protection solutions across the data lifecycle has been recognized as a finalist in the Annual 2012 Golden Bridge Awards for its Storage Area Network (SAN) product, the SnapSAN 5000 and its Network Attached Storage (NAS) product, the SnapServer DX2 in the best new IT hardware category. The annual Golden Bridge Awards program honors industry-wide achievements of global IT businesses that encompass the best in organizational products, performance and services, as well as executives and management teams from every major industry.

Winners will be announced on October 2, 2012 in San Francisco, CA.

The SnapSAN 5000 is Overland Storage's highest performing SnapSAN solution to date. Whether in a virtualization, private cloud or compliance environment, the SnapSAN exceeds the application-driven performance and uptime requirements demanded from even the most complex IT environments. Delivering advanced features such as high availability, SSD acceleration and tiered storage management, the SnapSAN enables companies of any size to seamlessly manage, grow and protect their critical business data.

The SnapServer DX2 is a unified NAS and iSCSI SAN device that leverages the company's innovative RAID technology, DynamicRAID, to eliminate the need to provision storage capacity. The SnapServer DX Series empowers companies to grow their file based storage as business needs expand and easily support escalating performance requirements, allowing any size business to run its storage like an enterprise at one-tenth the cost.

"We're honored that the SnapSAN 5000 and SnapServer DX2 has been recognized by the Golden Bridge Awards as finalists in the best new IT hardware category," said Joe Disher, Director of Product Marketing for Disk Based Products, Overland Storage. "Our newest solutions, the SnapSAN 5000 and SnapServer DX2, are built and designed to provide the performance, reliability, scalability and radically simple management that businesses need today. This award is a testament to Overland Storage and our continued dedication to bringing the most innovative and cost effective storage technologies to businesses around the globe."