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.
More NAS
Featured Sponsors
Support Us!
Most Read This Week
Over In The Forums
Don't Miss These
-
Wi-Fi Roaming Secrets RevealedRead More
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. -
Build A Wi-Fi Performance Analyzer For $75 - Part 1Read More
Updated - Think Wi-Fi analyzers that can show network activity are expensive? Here's how to build one for well under $100. -
How To Buy A Wireless Router - 2018 EditionRead More
Our 2018 guide to choosing a wireless router finds 802.11ax not yet ready to play. -
How To Fix Wi-Fi RoamingRead More
We reveal the secrets of why your devices don't always connect where you want them to and what you can do to fix it.
- 1
- 2
- 3