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Overland Storage Settles Patent Litigation, Enters Cross-License Agreement With BDT

San Diego-based Overland Storage Inc., a provider of data management and protection services, has settled all claims in its patent infringement litigation filed against BDT Media Automation GmbH, the local company announced.

As part of the settlement agreement, Overland Storage has entered into a patent cross-license agreement with BDT Media Automation GmbH and a strategic investment in Overland Storage by BDT, Overland said.

“We are pleased that we are able to settle the litigation and move forward as partners,” said Eric Kelly, CEO of Overland. “We can now focus on growing our market position in the tape and automation segment in collaboration with BDT and provide even greater choice for our customers.”

Overland Storage recently announced its proposed merger with Sphere 3D Corp.

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