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| Overland Storage Board of Directors to Evaluate Proposal From Cyrus Capital Partners | |
| Posted: Tue May 28, 2013 02:57:13 PM | |
 SAN DIEGO, CA -- 05/28/13 -- Overland Storage (NASDAQ: OVRL), a trusted global provider of effortless data management and data protection solutions across the data lifecycle, today confirmed it has received a proposal from Cyrus Capital Partners L.P., the owner of Tandberg Data (Holdings) Sarl, for a potential business combination between Overland and Tandberg. Consistent with its fiduciary and legal duties, Overland's Board of Directors will evaluate this proposal and other strategic alternatives carefully. Overland has retained Roth Capital Partners as its financial advisor to assist it with this process. |