WANdisco establish China Foreign Owned Enterprise

RNS Number : 0465W

WANdisco Plc

22 January 2013

 



RNS REACH

22 January 2013

WANdisco plc

("WANdisco" or the "Company")

WANdisco establishes China Wholly Foreign Owned Enterprise

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, is pleased to announce that it has established a Wholly Foreign Owned Enterprise ("WFOE") in Chengdu, China.

The WFOE, named WANdisco China (officially WANdisco Software Chengdu Ltd) aims to expand WANdisco's activities in the region. WFOE status provides WANdisco with the ability to conduct business in China as WANdisco, rather than through a local representative, thereby maximising the efficiency of the Company's local operations and its control over strategy and future development.

WANdisco joins an extensive list of global companies with a presence in Chengdu, which has become an emerging base in China for IT companies, including Intel, IBM, Apple, Cisco, NOKIA, Canon, HP, Xerox, Microsoft and Dell. WANdisco China will serve as WANdisco's China headquarters.

From this China HQ, WANdisco will provide sales, training, consulting and 24/7 customer support for its software solutions sold in the country.   The HQ office will support the Company's existing sales office in Beijing.  The Company will also continue to expand sales and support offices in Shanghai and other key locations.

"We view China as an emerging and high growth market for WANdisco," said David Richards, CEO of WANdisco. "Having secured our first sale in China with Huawei, it was a natural progression to establish our Chengdu office as a WFOE and concentrate our efforts here, given so many companies have operations in the country. We are excited about this announcement and look forward to the growth opportunities this brings."

In July 2012, WANdisco announced a key enterprise installation of its Application Life Cycle (ALM) Subversion MultiSite solution with Huawei. The premier smartphone and communications solution provider purchased Subversion MultiSite to solve network latency issues between China and Canada.

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 / Giles Stewart (Corporate Finance)
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

 

 

NRAUASRROVAAUUR