BakBone Receives “For” Recommendation Concerning Acquisition by Quest Software

BakBone Software announced that Institutional Shareholder Services (ISS) has recommended that their clients vote FOR the Arrangement Resolution at the Special Meeting of Shareholders scheduled for January 11, 2011. Through the Arrangement Resolution, upon the closing of the transaction, Quest Software, Inc. will acquire all of the issued and outstanding shares of BakBone on the previously announced basis of $0.33 per common share and $1.29 per preferred share.

ISS is an independent international corporate governance analysis and proxy voting firm. Their recommendations assist shareholders in making decisions regarding proxy voting issues.

In recommending that its clients vote to approve the Arrangement Resolution, ISS stated in a report released Dec. 20, 2010 (Permission to quote from ISS was neither sought nor obtained.): "Upon review and analysis of this company’s meeting agenda, the Arrangement warrants support due to the sound strategic rationale, cash consideration at a premium and voting support."

"We are pleased that ISS shares our view that BakBone shareholders should vote FOR the Arrangement Resolution," said Steve Martin, interim CEO and CFO of BakBone. "Time is short. We ask shareholders to vote their proxies early enough to ensure that they are received well in advance of the proxy cut-off deadline of 8:00 am, Mountain Time, on Friday, January 7, 2011."