Short Takes - People & Positions:

David Multer Named Vice President of Software Engineering

Further enhancing its management team following the recent closing of its Series C financing round, Silverback Systems has named David Multer as vice president of software engineering. Multer brings 19 years of experience in software engineering and management, in large companies and startups.

Multer will be responsible for all software engineering activities, including development, test and quality assurance. He will report directly to Danny Biran, president and CEO.

"With David's extensive experience and successful track record introducing innovative software based products, he is ideal for helping Silverback grow to its next phase," said Biran. "With the growing acceptance of IP-based storage networks, and the recent performance demonstration of our iSNAP2100, we continue to attract more and more customers. David will help us capitalize on these opportunities to continue to grow and strengthen the company."

Prior to joining Silverback, Multer was the co-founder, CTO and senior VP of engineering of FusionOne, a developer of carrier-class, synchronization software that simplifies accessing and updating information across multiple communication and computing devices.

Prior to FusionOne, he was VP of engineering of Agate Technologies, a developer of mobile data storage and management software. Before Agate Technologies, Multer held a variety of engineering and management positions at Moniker (acquired by Cheyenne), Meridian Data, NetManage, Apple Computer and Burroughs.

Multer received his bachelor of science degree in computer science from the Rensselaer Polytechnic Institute in Troy, NY.

Exabyte Appoints Mike Stears As VP of Supply Chain

Exabyte Corporation, a performance and value leader in tape backup systems, announced recently that Mike Stears has been named vice president of Supply Chain. Stears will be responsible for driving additional efficiencies in Exabyte's supply chain, which includes improving product development processes, spearheading cost reduction initiatives, and improving time to market for Exabyte products. Stears brings twenty-two years of storage industry experience to Exabyte, including fifteen years in executive management positions overseeing operations and engineering.

As VP of Supply Chain, Stears will re-engineer Exabyte's model for working with suppliers and contract manufacturers to maximize productivity and cost efficiency. Stears will also oversee a review of internal operations such as the product development process to ensure that products have the features, performance, delivery schedule and pricing that meet the needs of Exabyte's customers.

Prior to joining Exabyte, Stears was a senior executive at Seagate, where he was responsible for key areas of Seagate's disk drive operations. Stears' most recent position at Seagate was senior vice president of Asia-Pacific Disc Drive Operations in Singapore. In this position, Stears was responsible for implementation of the company's most important efficiency initiatives in the factory environment, including supply chain optimization, speeding time to market, and 6 Sigma. Stears also managed all internal manufacturing operations as well as external manufacturing facilities across the Asia- Pacific region. Prior to that, Stears was senior vice president of Mobile Drive Development at Seagate and was responsible for developing leading-edge technology products and successfully qualifying them with major OEMs. During his tenure at Seagate, Stears also served as senior vice president of Product Launches as well as Launch General Manager. Stears started his career with product director and engineering positions at MiniScribe and StorageTek. Stears earned a B.S. in Mechanical Engineering from Montana State University and earned a Certificate in Executive Management through the rigorous executive training program offered by Stanford and the National University of Singapore.

"Re-engineering our supply chain and product development processes is one of Exabyte's most important corporate goals, and Mike Stears is the perfect person to oversee those efforts," said Tom Ward, president and CEO at Exabyte. "Exabyte has already made significant progress in improving efficiency in these areas with our transition to an outsource model for manufacturing, but there is more work to be done. Mike has an outstanding track record of successes in establishing operational efficiencies in our industry, and he will play a key role in achieving similar successes at Exabyte."

"My team's efforts to improve product development and manufacturing processes will have a significant, positive impact on the company's bottom line," said Mike Stears. "We will be looking closely at the way Exabyte works with its vendors, the way we manage the supply chain and the way we bring products to market to ensure that we are achieving maximum efficiency, productivity and profitability. Exabyte has a bright future, and overseeing these initiatives is an exciting opportunity for me to help the company achieve its operational and financial goals."

Overland Storage Appoints John Mutch To Board Of Directors

Overland Storage Inc, a leading provider of storage solutions, has announced the appointment of John Mutch to its board of directors. Mutch is the former president and chief executive officer of HNC Software, which was acquired by Fair Isaac and Company in August 2002. Mutch becomes Overland's sixth board member.

Christopher Calisi, president and CEO of Overland Storage, said: "The election of John to Overland's board adds a new dimension of strategic guidance to our Company. Throughout John's 20-year career, he played pivotal roles building companies and spearheading the development of technology solutions for global entities. His diverse perspectives and entrepreneurial experiences will greatly enhance the vision and balance of our board."

Mutch brings a combination of business strategy and software services expertise to the Company. Under Mutch's leadership as CEO, HNC Software was repositioned as a leader in enterprise analytics and decision management software that enabled Global 2000 companies in the financial, insurance, healthcare and telecommunications sectors to increase revenue and decrease risk. During his five-year tenure, HNC's revenues grew from $128 million to $226 million, and the company raised over $300 million in the public equity markets and completed over $200 million in acquisitions.

Prior to joining HNC Software, Mutch was the founder of MVenture Holdings Inc, a special situation private equity fund that invests in public and private technology corporations. Mutch previously held executive marketing positions at Microsoft Corporation, NCR/Datacopi and Prentice Hall Inc.

Mutch holds a master's degree in business administration from the University of Chicago and a bachelor of science degree in Applied Economics from Cornell University. He is on the board of directors of BRIO Software and was recently appointed by the bankruptcy judge to the board of Peregrine Systems Inc. Additionally, he serves on the honorary board of directors of the Classroom of the Future Foundation. Mutch and his family reside in San Diego.

About Overland Storage

Overland Storage Inc is a leading global supplier of innovative hardware and software storage solutions for mid-range computer networks. The company's reputation for delivering high availability products, including its award-winning automated storage libraries and the industry's first family of fully open storage management software solutions, sets the standard for intelligent, automated and scalable storage. Overland sells its products worldwide through leading OEMs, commercial distributors, storage integrators and value-added resellers. For more information, visit Overland's Web site at www.overlandstorage.com.

Contact: Vernon A. LoForti, CFO, vloforti@overlandstorage.com.