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BKBO....sar drop
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BAKBONE SOFTWARE INC
Corporate Offices
Contact Investor Relations
Steve Martin
Investor Relations
Toll-Free: 877-939-2663 x7525
Phone: 858-450-9009 or 858-795-7525
Fax: 858-450-7150
E-mail: IR@bakbone.com
Media / Public Relations Contact
Amber Winans
Sr. Public Relations Manager
Phone: 858-795-7584
Fax: 858-450-9929
Email: amber.winans@bakbone.com
Nikki Snowhite
Public Relations Specialist
Phone: 858-795-7552
Fax: 858-450-9929
Email: nikki.snowhite@bakbone.com
Transfer Agent Information
Computershare Trust Company, N.A.
PO Box 43070
Providence, RI 02940-3070
Toll Free: 800-962-4284
Phone: 303-262-0600
Fax: 303-262-0700
www.computershare.com
As of January 23, 2009, there were 64,632,793 shares of the registrant’s common stock outstanding.
Recent acquisitions
May 14, 2009
BakBone Software Announces Acquisition of ColdSpark
Provides Entrée into Rapidly Growing Enterprise Message Management Market.
BakBone today announced that it has completed the acquisition of ColdSpark, a leading provider of enterprise email infrastructure solutions and platforms.
“This acquisition provides BakBone with a strong entrée into the rapidly-growing enterprise message management market,” said Jim Johnson, president and chief executive officer, BakBone. “ColdSpark is a leader in managing global messaging infrastructures, with an established presence with some of the world’s largest companies in industries including financial services, manufacturing and media. BakBone’s data protection platform, combined with ColdSpark’s SparkEngineTM Open Mail Transport Platform, will allow customers to improve corporate compliance, mitigate risk, improve performance and reduce operational costs. The combination further advances our Integrated Data Protection strategy through the expansion of our product portfolio, as well as access to a large and growing new market.”
ColdSpark, based in Broomfield, Colo., is a leading provider of enterprise email infrastructure solutions and platforms. The Company’s flagship SparkEngine Mail Transport Platform enables customers to enhance the power of their email to drive revenue, build customer relationships and improve business efficiency, while ensuring security, compliance and performance. Customers include many of the world’s largest financial services companies such as Merrill Lynch, as well as companies in the entertainment and hospitality industries like Fairmont Hotels and Starz Encore, among others.
“We are very excited to be joining the BakBone team,” said Scott Brown, co-founder and chief technology officer, ColdSpark. “We share a common vision about the increasing importance of email security compliance, an area which continues to grow. With this transaction, ColdSpark will have the resources necessary to realize the full potential of our technology and bring a broader set of products to a larger customer base much faster.”
May 4, 2009
BakBone Software Announces Acquisition of Assets from Asempra Technologies, Inc.
Extends BakBone's Real-Time Data Protection Capabilities, Provides Customers with Cost-Effective Solutions for Enhancing Existing Windows Applications
SAN DIEGO--(BUSINESS WIRE)--May. 4, 2009-- BakBone Software Incorporated (Pink Sheets: BKBO), a global provider of heterogeneous integrated data protection solutions, today announced that it has acquired certain assets from Asempra Technologies, Inc., a privately-held company based in Santa Clara, Calif. Asempra develops real-time data protection and recovery solutions for Windows applications and file system data. Under the terms of the agreement, BakBone has agreed to issue 3,846,154 common shares and to pay cash consideration of approximately $350,000, plus accrued royalties.
“A key growth strategy of our company is to offer customers a broad portfolio of product and service offerings. This acquisition represents an execution of our stated Integrated Data Protection strategy and helps build on our position as a leading provider of data protection solutions that improve overall performance and reduce operational costs,” said Jim Johnson, president and chief executive officer, BakBone. “Our data protection platform, when combined with Asempra’s Any Point-In-Time technology for Exchange and SQL Servers, as well as Windows file systems, provides customers with cost-effective tools to enhance their current data protection strategies. And, this solution enables customers to significantly reduce downtime and data loss of the important business assets that reside in these critical Microsoft applications.”
News / Announcements
BakBone Announces Revocation of Canadian Cease Trade Orders
SAN DIEGO, Calif. — April 28, 2009 — BakBone Software, Incorporated (Pink Sheets: BKBO), a
global provider of heterogeneous integrated data protection solutions, today announced that the cease
trade orders which prohibited trading of BakBone securities in Canada have been revoked.
The Company filed in February of 2009 its Report on Form 10-K for the years ended March 31, 2007 and
2008 and its reports on Form 10-Q for the first, second and third quarters for the fiscal year that ended on
March 31, 2009. With the filing of these reports with the U.S Securities and Exchange Commission and
the relevant Canadian securities regulators, BakBone has now disclosed the financial results for all
periods for which financial results were due. On February 6, 2009, the Company filed an application to
lift the cease trade orders which now has been granted in each of the provinces of Alberta, Ontario and
British Columbia.
The Company’s common shares continue to trade on the Pink Sheets in the U.S. markets under the
symbol BKBO, and BakBone continues to operate as an independent entity with 265 worldwide
employees serving customers’ data protection needs.
BakBone Software Begins Trading on the OTC Bulletin Board
May 29, 2009 6:30:00 AM Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesSAN DIEGO--(BUSINESS WIRE)-- BakBone Software Incorporated (OTCBB: BKBO), a leading provider of Universal Data Management solutions, today announced that, effective immediately, its stock is trading on the OTC Bulletin Board under the symbol "BKBO." The Company's stock had previously traded on the pink sheets.
"The move to the OTC Bulletin Board will provide more visibility for our stock and our company with investors and help improve our trading liquidity," said Jim Johnson, president and CEO, BakBone. "The OTC Bulletin Board quotation is one more important step in BakBone's efforts to enhance shareholder value."
Source: BakBone Software Incorporated
BakBone Software Incorporated (Pink Sheets: BKBO), a global provider of heterogeneous integrated data protection solutions, today announced that Richard N. Frasch, 57, has been appointed to its Board of Directors by the holders of the BakBone Series A preferred shares. His appointment brings the total number of directors on the BakBone Board to seven.
"As a corporate attorney with a broad business background, Richard brings a wealth of experience to BakBone that will be extremely helpful as we seek to grow the company, improve profitability and enhance our shareholder valuation," said Jim Johnson, president and chief executive officer, BakBone. "In his positions in corporations, venture capital firms and law firms, Richard has worked closely with growing technology companies and has an in-depth understanding of their legal, financial and business concerns. We look forward to Richard's contributions to our Board."
Frasch was most recently the vice president of business development and legal affairs for GlobiTech Holding Company, a holding company for epitaxial wafering companies headquartered in Texas. He served in this position from December 2005 through the eventual sale of that company's main operating subsidiary and dissolution of the holding company late last year. Prior to GlobiTech, Frasch spent seven years as a managing director at KLM Capital Group, an international venture capital firm, where he focused on high technology investments in the U.S. and Asia.
His background includes a variety of executive positions, including managing director and general counsel for Talegen Holdings, Inc., a group of property and casualty insurance companies previously owned by Xerox Corporation, as well as Pettit & Martin and Chickering & Gregory, two San Francisco-based law firms. Frasch has a B.A. degree from Claremont Men's College, where he graduated magna cum laude, and a J.D. degree from the University of California at Berkeley.
June 23, 2009 BakBone Software Reports Fourth Quarter and Full Year Fiscal 2009 Financial Results
Fourth Quarter Bookings of $13.9 Million; Conference Call Today at 2:00 p.m. PT
SAN DIEGO--(BUSINESS WIRE)--Jun. 23, 2009-- BakBone Software, Incorporated (OTCBB: BKBO), a leading provider of Universal Data Management solutions, today announced its financial results for the fourth quarter and full fiscal year ended March 31, 2009.
Fourth Quarter Fiscal 2009 Financial Highlights include:
| GAAP Revenues | $14.4 million | |||
| Net Loss | ($0.9) million | |||
| Net Loss per Share | ($0.01) | |||
| Total Bookings | $13.9 million | |||
| Non-GAAP Operating Income1 | $0.9 million |
“Our fiscal fourth quarter financial results represented a solid finish to a very productive year for BakBone,” said Jim Johnson , president and CEO, BakBone. “We completed several long-standing corporate priorities, including bringing our financial filings current and working with Canadian regulators to lift the cease trade orders so that our Canadian shareholders can once again trade their shares. We continued to implement new product enhancements and features, which allowed the Company to finish the year with $57.7 million in bookings and to generate GAAP revenue growth of 10% for the fiscal year.
“Our team is working hard to capitalize on opportunities throughout the world for our core product lines as we execute our growth strategy. Our recent acquisitions are part of our overall goal to increase our product portfolio and our industry presence. The ColdSpark acquisition enables us to enter the rapidly growing enterprise message management market with a unique set of technologies that help customers manage and control their e-mail and messaging environments based upon pre-defined policies. Corporate e-mail continues to be the most used system in many companies, accounting for more than 50% of network traffic in many environments, and this creates numerous compliance and data security challenges that companies need to address when leveraging these systems. The technology acquired from Asempra expands our disk-based, real-time data protection capabilities for Microsoft Exchange, SQL Server and Windows file servers, and minimizes the amount of time customers spend on recovering lost data. We recently launched NetVault: FASTRecover, the BakBone solution based on certain technologies acquired from Asempra. Through these acquisitions and our emergence as a leader in Universal Data Management, we are expanding our market opportunities, and we expect to begin to demonstrate our growth potential in the latter part of this fiscal year. At this point, we currently expect to generate approximately $62 to $64 million in bookings for fiscal 2010,” concluded Johnson.
Financial Results
For the quarter ended March 31, 2009, total revenue, which consists of software revenue and maintenance and professional services revenue, increased 5% to $14.4 million from $13.7 million in the fourth quarter of fiscal year 2008. The operating loss was $0.3 million in the fourth quarter of fiscal year 2009 and included a $1.2 million charge for the negotiated settlement of an overpayment of royalties from an OEM customer. The adjusted non-GAAP operating income of $0.9 million in the fourth quarter of fiscal 2009 compares favorably to the $2.1 million operating loss in the fourth quarter of fiscal year 2008. The GAAP net loss totaled $0.9 million, or ($0.01) per share, in the fourth quarter of fiscal year 2009 compared with a net loss of $1.2 million or ($0.02) per share, in the fourth quarter of fiscal year 2008.
Cash provided from operating activities was $1.5 million in the fiscal year ended March 31, 2009, an improvement of $2.5 million from fiscal 2008. Total cash at March 31, 2009, totaled $8.7 million, an increase of approximately $0.9 million from December 31, 2008, relating primarily to the increase in operating income. The $1.2 million general and administrative expense charge related to the negotiated settlement is reflected at the net present value of the cash offsets due over the next three years from future customer royalty revenues.
For the fiscal year ended March 31, 2009, revenue totaled $56.0 million as compared with $50.9 million for the fiscal year ended March 31, 2008. Net loss totaled $5.5 million, or ($0.08) per share, for the fiscal year ended March 31, 2009, compared with a net loss of $8.1 million or ($0.13) per share, for the fiscal year ended March 31, 2008.
1Use of Non-GAAP Financial Measures
Certain of the information set forth herein, including non-GAAP operating income, may be considered non-GAAP financial measures. BakBone believes this information is useful to investors because it provides a basis for measuring BakBone’s available capital resources, the operating performance of BakBone’s business and BakBone’s cash flow, excluding the negotiated settlement of an overpayment of royalties from an OEM customer that would normally be included in the most directly comparable measures calculated and presented in accordance with Generally Accepted Accounting Principles. BakBone’s management uses these non-GAAP financial measures along with the most directly comparable GAAP financial measures in evaluating BakBone’s operating performance, capital resources and cash flow. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP, and non-financial measures as reported by BakBone may not be comparable to similarly titled amounts reported by other companies.
SAN DIEGO--(BUSINESS WIRE)--Aug. 13, 2009-- BakBone Software Incorporated (OTCBB:BKBO), a leading provider of Universal Data Management solutions, today announced its financial results for the first quarter of fiscal 2010, ended June 30, 2009.
BakBone Software Generates 22% Revenue Growth and Reports Profitability in the First Quarter of Fiscal 2010
First Quarter Fiscal 2010 financial and operational highlights include
“Our financial results for the first quarter of fiscal 2010 demonstrate solid progress in our efforts to drive revenue growth and profitability,” said Jim Johnson , president and CEO, BakBone. “We generated bookings of $13.6 million, double-digit revenue growth, strong improvements in operating income and positive GAAP net income.
“These financial accomplishments were achieved while we quickly integrated the Asempra technology into our NetVault® product line and began to drive the ColdSpark market opportunity. In the second week of June, we announced the availability of our new NetVault: FASTRecover™ solution, which provides disk-based, real-time data protection for Microsoft Exchange, SQL Server and Windows file systems. This newly positioned product, based on Asempra’s technology, has been gaining traction in the market place as customers look for cost-effective, disk-based solutions to eliminate backup windows and protect application data,” Johnson continued.
“With ColdSpark, this week we announced our first major win in the healthcare vertical. The customer, a state-based healthcare network, estimates their first year savings objective with ColdSpark’s new paperless healthcare solution is close to $0.5 million, and if this is achieved, the organization could attain a full return on their investment in the ColdSpark solution in under 12 months. Given the nature of this customer we believe there are other significant opportunities in this sector that we are actively pursuing, and we expect this market and the healthcare vertical in general to be very promising for the company moving forward.
“In July, ColdSpark introduced an expanded version of its Compliance Catalyst solution, enabling customers to easily migrate between different e-mail archiving solutions and vendors. To further maximize our opportunity with ColdSpark, we have expanded our sales staff in several key vertical markets, including healthcare and systems integration, where we believe there is substantial demand for ColdSpark’s unique technology,” said Johnson. “We are excited about the opportunities ColdSpark presents to build out our Universal Data Management strategy as we expand our reach into the large and growing enterprise message management markets.”
BakBone’s Universal Data Management (UDM) strategy encompasses a unique three-pronged approach for managing data within a corporate environment, whether that data is at rest or in motion. UDM provides customers with solutions for Message Management, Integrated Data Protection and Centralized Policy Management.
“Finally, we are on track to introduce several new products in calendar 2009 that we believe will be distinguished in the market and help us drive additional revenue. We remain confident about our prospects in fiscal 2010 and continue to anticipate bookings of approximately $62 to $64 million for the fiscal year as well as positive EBITDA,” concluded Johnson.
Financial Results
Total revenue grew 22% to $16.7 million in the first quarter of fiscal 2010 from $13.7 million in the first quarter of fiscal 2009. Included in first quarter of fiscal 2010 revenue was a $1.5 million booking associated with the sale of non-core intellectual property rights to an OEM customer. Excluding this $1.5 million revenue item, first quarter revenue increased 11% from the prior year’s first quarter. Operating income totaled $1.1 million in the first quarter of fiscal 2010, despite the inclusion of approximately $700,000 of transaction costs associated with the Asempra and ColdSpark acquisitions. This compares favorably with an operating loss of $2.7 million in the prior year’s first quarter. The Company reported net income of $691,000, or $0.01 per share, in the recent first quarter compared with a net loss of $3.3 million, or ($0.05) per share, in the first quarter last year.
Total cash at June 30, 2009, was $7.8 million.
SAN DIEGO, Aug 26, 2009 (BUSINESS WIRE) -- ColdSpark and Kaspersky Lab Ink OEM Agreement
ColdSpark, a BakBone Company, Partners with Kaspersky Lab to Extend Anti-Virus Capabilities to Enterprise Customers
ColdSparkTM, a BakBone Software(R) company (OTCBB:BKBO), and leader in next-generation enterprise messaging infrastructure, and Kaspersky Lab, a leading developer of Internet threat management solutions that protect against all forms of malicious software, today announced that they have entered into an OEM agreement. ColdSpark will leverage the Kaspersky Anti-Virus Engine to provide end-to-end anti-virus protection for enterprises' messaging infrastructures.In recent years, spyware, adware, rootkits and other hostile programs have grown at an alarming pace. Protection from these threats is essential given that they pose significant security and legal risks. Currently, in addition to award-winning detection of viruses, Trojans and worms, the Kaspersky Anti-Virus Engine provides superior protection from spyware, adware and other potentially hostile programs. Additionally, the Kaspersky Anti-Virus Engine provides advanced protection from all types of mobile malware, all through a single scanning engine.
ColdSpark's flagship product, the SparkEngine Mail Transport Platform, enables customers to enhance the power of their email to drive revenue, build customer relationships and improve business efficiency while ensuring security, compliance and performance. "Extending Kaspersky's anti-virus technology to our customers will provide large enterprises with automated anti-virus protection to close any potential windows of vulnerability," said Scott Brown, senior vice president and general manager, ColdSpark. "We feel that the Kaspersky Anti-Virus Engine is a strong fit with our SparkEngine technology based on its high level of protection, performance, manageability and simplicity."
"Viruses and worms can penetrate hundreds of thousands of computers in just a few hours, making response time to new threats crucial for effective protection from malware. Kaspersky Lab's reliance on proactive technologies is supported by industry-leading, signature-based protection that yields accurate and timely detection of malware," said Peter Merkulov, vice president, Technology Alliances, at Kaspersky Lab. "We are excited to be working with ColdSpark to deliver integrated anti-virus protection for secure e-mail communication."
Kaspersky Lab's team of virus analysts provides the quickest release of emergency updates during virus outbreaks. Kaspersky Anti-Virus consistently leads the industry's most comprehensive comparisons of response times.
About Kaspersky Lab
Kaspersky Lab delivers the world's most immediate protection against IT security threats, including viruses, spyware, crimeware, hackers, phishing, and spam. Kaspersky Lab is one of the top vendors of information security solutions in the world. The company's products and technologies are used by over 250 million people worldwide, its technology is licensed by leading security vendors globally. The Kaspersky Lab group of companies is headquartered in Moscow, has five regional divisions and numerous local offices throughout the world. You can learn more about Kaspersky Lab by visiting http://www.kaspersky.com.
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