Monday, December 1, 2008

Overland Storage Gets $9M In Receivables Financing

San Diego-based data storage firm Overland Storage said late last week that it has received $9M in a receivable financing transaction. The funding came from Marquette Commercial Finance. Overland said the financing will help provide the company with "accelerated" liquidity. Overland Storage is a provider of tape libraries, disk-based backup systems, RAID storage, and other related products. Overland was represented by FTI Capital Advisors in the funding.

---