Universal Data Management provides a data-centric approach to integrating data protection and improving corporate compliance that allows companies to take the next step towards prominence. Today, BakBone took a step towards enhancing its future by naming an Interim CEO and announcing its fourth quarter bookings.
Taking over as BakBone’s Interim CEO is Steve Martin who is the young company’s current CFO. Martin joined BakBone in August of 2008 and has evolved into a respected leader in the industry. Martin replaces James R. Johnson who ceases to be BakBone’s President and CEO after submitting his resignation.
In addition to naming Martin their Interim CEO, BakBone reported that bookings for the fiscal fourth quarter, which ended on March 31 of this year, are currently expected to be $14.1 million. This will enable BakBone to achieve full fiscal year bookings within the lower end of guidance of $56.5 million to $5.5 million.
BakBone intends to report fiscal fourth quarter and full year results in early June and has approximately $4.8 million in cash and $10.7 in receivables as of March 31, 2010.
When asked his thoughts on his new position and the future of BakBone, Interim CEO and CFO Steve Martin was quoted as saying, “We thank Jim for his contributions to BakBone over the past six years and wish him well in his future endeavors. Our focus over the next few weeks will be in getting fiscal 2011 off to a successful start, increasing our efficiencies and productivity, and maximizing the market opportunities available to our many product lines. Our team remains excited about the potential for our company in the marketplace as well as executing to that potential.”