Under the terms of the agreement, Adaptec will retain ownership of all iSCSI-based hardware and software products and assets, which will be rebranded and managed by Adaptec.
Adaptec said the sale would allow it to focus on its Unified Serial RAID controller and iSCSI adapter businesses.
Overland Storage will take over control of all existing Snap Server networked and desktop storage appliance assets including licenses, patents, existing product inventory and fixed assets and assume customer support obligations. Approximately 50 Adaptec employees will receive offers to join Overland Storage effective June 30, 2008. These employees will remain in the same facility in Milpitas, California which Overland is subleasing from Adaptec.

Support Us!
Most Read This Week
...
Over In The Forums
Don't Miss These
-
First Peek At Wi-Fi 6: ASUS RT-AX88U & NETGEAR RAX80
Updated - Our first look at the performance of NETGEAR's RAX80 and ASUS' RT-AX88U shows little benefit functioning as AC routers.
-
5 Things To Know Before You Buy A Draft 11ax Router
Updated: The first draft 11ax routers are almost here. Take a little time to know what you might be buying into.
-
160 MHz Wi-Fi Channels: Friend or Foe?
Updated - 160 MHz channel bandwidth is an essential feature of 802.11ax. We take a look at whether it means trouble for your 11ac network.
-
Wi-Fi Roaming Secrets Revealed
Ever wonder what happens behind the scenes when Wi-Fi devices roam, or more likely don't? We'll show you why the "seamless" roaming Wi-Fi gear makers promise is still as elusive as a Yeti.
- 1
- 2
- 3