10 OCTOBER 2012
Q3 2012 Bookings update
RNS Number : 3247O
Q3 Subscription Bookings increase by 86% year-on-year
Renewal rate 117%
WANdisco plc (LSE: WAND), a leading provider of global collaboration software to the software development industry, is pleased to provide the following update for the three months ended 30 September 2012.
In the third quarter, subscription bookings reached a record level of $2.010 million, representing an 86 per cent increase year-on-year (2011: $1.083m). When combined with bookings for the first half of $3.389 million, the first nine months of the year have delivered total bookings of $5.399 million (2011: $3.192 million), representing an increase of 69 per cent in the year to date.
New customers signed in the third quarter increased significantly from the previous quarter and included an array of blue-chip names including Nokia Siemens Networks who, after extensive trials in the first half, have moved away from more traditional technology and will be adopting Subversion MultiSite throughout the entire organisation. In the third quarter, WANdisco's products have been purchased by Polycom, Northrop Grumman, Manulife Financial, DragonWave, Harmonic and Home Depot. In addition, other divisions of both Dell and Research in Motion have also adopted WANdisco products during the period.
The annualised renewal rate by booking value was 117 per cent. Renewals included Playfish (Electronic Arts), Fiserv, SSP, Pixelworks, Macquarie Bank, Sears, Skype, Pitney Bowes, Global Foundries, Halliburton and Ladbrokes. Many of these customers purchased additional user licences, added-on more sites or committed for longer time periods to WANdisco's products.
During the period the Company significantly updated its flagship product, Subversion MultiSite, to enable enhanced support for large-scale deployments with additional access control and security features. The company also made further moves into the small medium enterprise (SME) space with updates to its uberSVN product line and through the acquisition of the SmartSVN technology, the leading Subversion client technology, which is almost exclusively sold as an e-commerce transaction.
Historically, the second half of WANdisco's financial year, and in particular the fourth quarter, is its strongest, due to the higher levels of renewals that arise. As a consequence, the Directors are confident that the Company remains on track to achieve its targets for the current financial year.
For further information please contact:
David Richards, Chairman and Chief Executive Officer
Nick Parker, Chief Financial Officer
+44 (0)20 7831 3113
Matt Dixon / Sophie McMillan / Jon Snowball
Panmure Gordon & Co.:
+44 (0)20 7886 2500
Fred Walsh / Giles Stewart (Corporate Finance)
Adam Pollock / Charles Leigh-Pemberton (Corporate Broking)
WANdisco is the world leader in Active Data Replication™. Its patented WANdisco Fusion technology enables the replication of continuously changing data to the cloud and on-premises data centers with guaranteed consistency, no downtime and no business disruption. It also allows distributed development teams to collaborate as if they are all working in one location. WANdisco has an OEM with IBM as well as partnerships with Amazon Web Services, Cisco, Google Cloud, Hewlett Packard Enterprise, Microsoft Azure, and Oracle to resell its patented technology. WANdisco also works directly with Fortune 1000 companies around the world to ensure their data can give them the real insight they need.
For additional information, please visit www.wandisco.com.
VP Marketing & Communications