Purchase of SmartSVN product

RNS Number : 3618M

WANdisco Plc

17 September 2012

 



17 September 2012

WANdisco plc

("WANdisco" or the "Company")

Purchase of SmartSVN product

WANdisco Completes Purchase of Leading User-Interface for Subversion

Sheffield, UK - WANdisco (LSE: WAND), a leading provider of global collaboration software to the software development industry, announces that it has completed the purchase of SmartSVN from German software company, Syntevo GmbH.

Launched in 2005, SmartSVN has been widely adopted by software developers across more than 2,500 companies, including many in the Fortune Global 500 index.  A major key to SmartSVN's success has been its platform independence, with versions available for Windows, Linux, Unix and Mac OS X operating systems.

The directors believe that the addition of SmartSVN will afford WANdisco a number of potentially significant opportunities, including:

·      Enabling WANdisco to offer a more complete solution that can encompass both the client and the server;

·      Providing cross-sell potential between SmartSVN users and WANdisco's Enterprise Subversion product lines;

·      Allowing WANdisco to implement an e-commerce sales model with a proven product and install base; and

·      Providing a low cost end-user product that can be leveraged to drive sales in WANdisco's target SME market.

WANdisco will acquire the SmartSVN product for $1,000,000. The company also has engaged the vendor to provide consulting and training services to facilitate the smooth integration of SmartSVN into WANdisco's existing product line.

Commenting on the purchase David Richards, WANdisco Chairman and Chief Executive Officer, said:

"I am delighted that we have completed the agreement to purchase SmartSVN. It is proven in the marketplace and the feedback from our existing customers who have used it for years has been excellent.  Traditionally our products have been used by large global IT organizations to enable their Subversion servers to perform and scale with 24/7 availability.  Our primary users have been the Subversion system administrators who maintain the servers in these organizations. Now SmartSVN will enable us to broaden out our solution stack to reach Subversion's millions of end-users, as well as enable us to embolden our efforts to target the important SME market."

About WANdisco

WANdisco (LSE: WAND) is a leading provider of Apache Subversion-based software and services for the enterprise. The company's products include: uberSVN - the new open ALM platform for Subversion, Subversion MultiSite, Subversion Access Control and Subversion Clustering. Fortune Global 1000 companies such as AT&T, Intel, Honda, Nokia, Juniper Networks and Motorola rely on WANdisco's Subversion solutions for enterprise-class performance, scalability and 24-by-7 availability. A recent Forrester Total Economic Impact (TEI) study of WANdisco's Subversion MultiSite revealed a 167% return on investment with a nine-month payback period. Subversion is recognized by Forrester as the sole leader in the Standalone Software Configuration Management (SCM) category. For more information, please visit us at:

http://www.wandisco.com.

About Apache Subversion

Apache Subversion (SVN) is a version control system initiated in 2000. It is used to maintain current and historical versions of files such as source code, web pages, and documentation. Its goal is to be a mostly-compatible successor to the widely used Concurrent Versions System (CVS). In a 2007 report by Forrester Research, Subversion was recognized as the sole leader in the Standalone Software Configuration Management (SCM) category and a strong performer in the Software Configuration and Change Management (SCCM) category. Subversion is released under the Apache License, making it free software. For more information, please visit:

http://subversion.apache.org.

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
Panmure Gordon & Co.	[phone]
Fred Walsh / Giles Stewart (Corporate Finance)
Adam Pollock, Charles Leigh-Pemberton (Corporate Broking)

Subversion and the Subversion logo are trademarks of the Apache Software Foundation.

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

Ends

 

END

 

 

ACQLAMBTMBABTIT