Sphere 3D wraps up merger with PE-backed Overland Storage
Canadian virtualization technology solutions company Sphere 3D Corp (TSX-V: ANY) has completed its merger with Overland Storage Inc (Nasdaq: OVRL), a U.S. unified data management and data protection solutions provider. It was previously reported that the deal, which saw Overland become a subsidiary of Sphere 3D, involved a payment to Overland shareholders of approximately US$81.1 million. Overland Storage's majority investor was U.S. private equity firm Cyrus Capital Partners. The Mississauga, Ontario-based Sphere 3D is a portfolio company of Pinetree Capital.
2 December 2014•6 mins read
