BakBone Receives Another “For” Recommendation Concerning Acquisition by Quest Software

BakBone Software announced that Glass Lewis & Co. has recommended that its 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.

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

In recommending that its clients vote to approve the Arrangement Resolution, Glass Lewis stated*: "We believe that the proposed merger is favorable for the common shareholders. The board held extensive discussions with multiple parties regarding potential transaction[s]. Further, the board renegotiated certain existing agreements in order to provide a greater take-out value for the common shareholders. Accordingly, we recommend that shareholders vote FOR this proposal."

"We are pleased that Glass Lewis shares our view that BakBone shareholders should vote FOR the Arrangement Resolution," said Steve Martin, Interim CEO and CFO of BakBone. "Shareholders are encouraged 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."

*Permission to quote from Glass Lewis was neither sought nor obtained.