Q4 2013 Bookings Update

RNS Number : 6616X

WANdisco Plc

15 January 2014

 



15 January 2014

WANdisco plc

Q4 2013 Bookings Update

Q4 Subscription bookings increased by 71 percent year-on-year

Sheffield, UK - WANdisco plc (LSE: WAND), a provider of continuous-availability software for global enterprises to meet the challenges of Big Data and distributed software development, is pleased to provide the following update for the final quarter of the year ended 31 December 2013.

In the fourth quarter, subscription bookings totalled $4.3m: a record Q4 performance (Q4 2012: $2.5m) and representing a 71 percent year-on-year growth rate.  This brings bookings for the full year to a total of $14.8m (FY 2012: $7.92m), representing year-on-year growth of 87 percent.

The ALM business continued to deliver strong growth and sales traction in Q4.  ALM bookings in the fourth quarter stood at $4.3m (Q4 2012: $2.5m), representing 71 percent year-on-year growth.  Progress in ALM continues to be driven by two factors.   One driver is the addition of new, first time customers excited by the potential of our software such as Goldman Sachs, Manulife Financial Corporation, SanDisk, Marvell Technology Group, T. Rowe Price, H3C Technologies, Tangoe Inc. and ASML Holding.  The second driver is returning customers, an increasing number of whom are extending their deployment of our software across their organisations and are choosing to make multi-year commitments to our Subversion and GIT solutions.  Several major renewals were secured during the quarter including NCR and Juniper Networks.

In the Big Data market, we continue to make good progress.  We are currently engaged in a number of Proofs of Concept ("PoC") with potential enterprise customers for our Big Data solutions.   We are excited by the potential of these PoCs and would anticipate that a number of them will evolve in to customer relationships during the 2014 financial year. 

In addition, we continue to make important steps forward in building out the channel partner base through which future enterprise sales can be delivered.  To that end we were pleased to announce on 11 December 2013 a new partnership with Cloudera, a leading provider of enterprise-ready Hadoop solutions.  This partnership, added to our existing partnership with Hortonworks and SAP, represents a major milestone in our strategy to become the de-facto solution for continuous availability with Hadoop.  We continue to work closely with our channel partners on joint opportunities in the Big Data market.

Commenting on today's Bookings Update David Richards, Executive Chairman and CEO, said:

"This is a record Q4 bookings performance for our business, following what was also a record bookings performance in Q3.  Our ALM business continues to deliver rapid growth driven both by the addition of new, blue-chip customers and by the renewal of subscriptions by existing customers, often for extended periods and for increasing numbers of users. 

We have secured exciting Proofs of Concept for our Big Data solutions with blue-chip organisations, further proving the strength of our offering here. These are a direct result of the strategic channel partnerships we built last year with Cloudera and Hortonworks and we are delighted that this strategy is producing results so quickly. We look forward to updating the market on our experience of early implementations in due course."

WANdisco will report preliminary results for the year ending 31 December 2013 on Thursday, 20 March 2014.

For further information please contact:

WANdisco plc	via FTI Consulting LLP
David Richards, Chairman and Chief Executive Officer Paul Harrison, Chief Financial Officer
FTI Consulting  LLP	[phone]
Matt Dixon / Sophie McMillan / Jon Snowball
Panmure Gordon (UK) Limited (Joint Broker and NOMAD)	[phone]
Fred Walsh / Grishma Patel / Ben Roberts (Investment Banking) Adam Pollock / Charles Leigh-Pemberton (Corporate Broking)
UBS Investment Bank  (Joint Broker)	[phone]
Tim Pratelli / Sandip Dhillon

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About WANdisco

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), including Apache Subversion and Git. Fortune Global 1000 companies, including Juniper Networks, Motorola, Intel and Halliburton, rely on WANdisco for performance, reliability, security and availability. For additional information, please visit www.wandisco.com.

 

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