Overland Storage Announces Financing of $14.25 Million of Convertible Notes and Common Stock

Overland Storage Announces Financing of $14.25 Million of Convertible Notes and Common Stock

SAN DIEGO, CA — (Marketwire) — 02/13/13 — Overland Storage, Inc. (the "Company") (NASDAQ: OVRL), a trusted global provider of effortless data management and data protection solutions across the data lifecycle, today announced the completion of private placements of its securities resulting in aggregate gross proceeds to the Company of $14.25 million. The offerings included (1) the private placement of $13.25 million convertible promissory notes (the "Notes") and (2) the p

Turn Names Mike Murphy to Its Advisory Board

REDWOOD CITY, CA — (Marketwire) — 02/13/13 — Turn, the cloud marketing platform, today announced the appointment of industry veteran Mike Murphy as an advisor. The former vice president of global sales at Facebook has held positions spanning the technology, publishing and social marketing industries, and brings more than 20 years of advertising and sales experience to this new role."Mike Murphy was instrumental in growing Facebook to a billion dollars in revenue," said Bill Demas,

Morta Security Closes Oversubscribed Round for Its Disruptive Cyber Security Platform

Morta Security Closes Oversubscribed Round for Its Disruptive Cyber Security Platform

PALO ALTO, CA — (Marketwire) — 02/13/13 — Morta Security, an early-stage start-up based in Palo Alto, CA, has closed its first round of financing. Investors participating include venture firms Andreessen Horowitz, Greylock Partners, and Norwest Venture Partners; and notable investors Data Collective, Larry Link, and Peter Wagner.Morta Security is developing a new paradigm to counter advanced cyber threats. "Sophisticated cyber threats are a significant and growing concern for both comme

Defensive Patent Management Pioneer Open Invention Network Exceeds 500th Licensee Milestone

Defensive Patent Management Pioneer Open Invention Network Exceeds 500th Licensee Milestone

DURHAM, NC — (Marketwire) — 02/13/13 — Open Invention Network (OIN) today announced that the OIN licensee community exceeds 500 licensees. IBM, NEC, Novell, Philips, Red Hat and Sony created OIN with the mission to promote a positive ecosystem for Linux through the purchase and royalty-free licensing of strategic patents.While numerous defensive patent management entities have formed to protect small groups of companies, OIN is distinguished as a resource available to all of the technology i