Data storage provider Adaptec Inc. has sold its Snap Server networked and desktop storage appliances business to Overland Storage Inc. for $3.6 million. Adaptec will retain ownership of all iSCSI-based hardware and software products and assets, which will be rebranded and managed by Adaptec. S. Sundaresh, president and chief executive of Adaptec said, “The sale of the Snap Server business allows us to focus on strengthening our leadership position in the Unified Serial RAID controller business, leverage our iSCSI assets and continue to streamline the company’s operations.”
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