Thursday, October 14, 2010
Overland Storage Buys MaxiScale
San Diego-based Overland Storage announced this morning that it has acquired MaxiScale, a developer of scalable file serving and storage products. Financial terms of the deal were not disclosed. Overland said it would integrate Maxiscale's assets, intellectual property, and key members of its engineering team into its file storage portfolio. MaxiScale was venture backed, and located in Sunnyvale. The firm had raised $25M in venture funding from New Enterprise Associates, El Dorado Ventures, and Silicon Valley Bank.