WANdisco Plc Q4 2012 Bookings Update (5309V)

TIDMWAND

RNS Number : 5309V

WANdisco Plc

15 January 2013

15 January 2013

WANdisco plc

Q4 2012 Bookings Update

Q4 Subscription Bookings increase by 76 per cent year-on-year

Renewal rate 140 per cent

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 provide the following update for the final three months of the year ended 31 December 2012.

In the fourth quarter, subscription bookings reached a new record level of $2.518 million, representing a 76 per cent increase year-on-year (2011: $1.427 million). When combined with bookings for the first nine months of the year of $5.399 million, the total bookings for 2012 were $7.917 million (2011: $4.618 million), representing an increase of 71 per cent.

Notable new customers secured in the fourth quarter include Apple, Fujitsu, Cap Gemini, General Dynamics, Delta Systems, Penn State University, E-Signal, Pioneer Investments, Georgia Tech and another division of Cisco. The company also announced new deals from its recently established presence in China including H3C and Nanjing Exchange.

The annualised renewal rate by booking value was 140 per cent. It should be noted that this number includes the impact of four existing customers, each of which significantly increased its usage of WANdisco products in the period. Excluding these four customers from the calculation results in an underlying renewal rate of 116 per cent, which is more consistent with historic levels. Renewals in the fourth quarter included John Deere, European Southern Observatory, Cooper Power, Amgen, Sherwin Williams, Mentor Graphics, Pitney Bowes, Ansys, Navis, Huawei and Western Digital.

During the period the Company announced the acquisition of pioneering Big Data company, AltoStor. The acquisition underscored WANdisco's drive into the Big Data solutions market, forecast by analyst firm Wikibon to grow at a compound annual rate of 58 per cent between 2012 and 2017 and from $5 billion to approximately $50 billion in the same timeframe. The addition to the WANdisco software development team of AltoStor co-founders Dr. Konstantin Shvachko and Jagane Sundar, who are among the core creators of Apache Hadoop has significantly reduced time-to-market for WANdisco's new big data products. As a result, the company now anticipates the release of its first Big Data products during the first quarter of 2013.

WANdisco will report results for the financial year ended 31 December 2012 on Thursday, 25 April 2013.

For further information please contact:

 
 WANdisco plc: 
 David Richards, Chairman and Chief       via FTI Consulting 
  Executive Officer 
 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, high-availability 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.

This information is provided by RNS

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