Replacement AGM & Chairman's Statement

RNS Number : 8821G

WANdisco Plc

12 June 2013

 



 

The WANdisco Plc announcement released on 12/06/2013 at 11:45 under RNS No. 8775G has been amended.

  

The full amended text is shown below.

12 June 2013

WANdisco plc

("WANdisco" or the "Company")

Annual General Meeting

Chairman's Statement

Sheffield, UK - WANdisco (LSE: WAND), a provider of high-availability software for global enterprises to meet the challenges of Big Data and distributed software development, announces that at the Company's first Annual General Meeting, held today in Sheffield, UK, the Chairman and Chief Executive Officer, David Richards, will make the following statement:

"It is with great pleasure that I am able to report to our Annual General Meeting that very good progress continues to be made in all areas of our business.

On the product development side our new and evolving products for the Application Lifecycle Management and Big Data markets are being well received by our customers.  Since the IPO we have hired a number of highly experienced enterprise sales staff and they have delivered substantial year-on-year sales growth, which in the first quarter was 96%.  Also pleasing was an almost three-fold increase in the average deal size as we now sell on value rather than technology.  The sales pipeline for the second quarter and beyond continues to grow for all products and the group remains confident of further substantial sales growth.

We anticipate making further updates in the coming weeks associated with our Hadoop Big Data products.  We anticipate them to be made during the Hadoop Summit, where we are exhibiting, on the 26th and 27th of June.

Finally, I would like to take this opportunity to thank all the employees of the Group who have contributed so much to the rapid growth and development of WANdisco and we all look forward to further progress going forward."

For further information please contact:

WANdisco plc:
David Richards, Chairman and Chief Executive Officer	via FTI Consulting
Nick Parker, Chief Financial Officer
FTI Consulting:	[phone]
Matt Dixon / Sophie McMillan / Jon Snowball / Roger Newby
Panmure Gordon & Co.	[phone]
Fred Walsh / Grishma Patel / Ben Roberts (Investment Banking)
Adam Pollock / Charles Leigh-Pemberton (Corporate Broking)

Ends

About WANdisco plc

WANdisco (LSE: WAND) is a provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and availability. WANdisco's products are differentiated by the company's patented, active-active data replication technology, serving crucial high availability (HA) requirements, including Hadoop Big Data and Application Lifecycle Management (ALM). Fortune Global 1000 companies including AT&T, Motorola, Intel and Halliburton rely on WANdisco for performance, reliability, security and availability. For additional information, please visit www.wandisco.com.

Product and company names herein may be trademarks of their registered owners.

 

END

 

 

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