8 MAY 2013
WANdisco board transition
(“WANdisco” or the “Company”)
Nick Parker to step down as CFO Paul Harrison, currently CFO of The Sage Group plc, appointed
WANdisco (LSE: WAND), a provider of high-availability software for global enterprises to meet the challenges of Big Data and distributed software development, announces a change to its board of directors (the “Board”).
Having joined WANdisco in November 2011, with the principal objective of securing the Company’s highly successful Admission to AIM in June 2012, Nick Parker has informed the Company of his intention to step down from his role as Chief Financial Officer (“CFO”) and from the Board now that the Admission to AIM, associated major fund raising and first set of annual results have all been successfully delivered.
With the significant balance of WANdisco’s current sales generated in the US, and with future sales growth expected to be generated in markets outside of the UK, particularly in Asia, the Board has decided to take this opportunity to relocate the CFO role to its existing corporate office in California.
Accordingly, WANdisco is pleased to announce the appointment of Paul Harrison as the Company’s new Chief Financial Officer.
Mr Harrison, who will be based in California, joins WANdisco from The Sage Group plc (“Sage”), a FTSE 100 company and leading global provider of business management software to small and medium sized companies. Mr Harrison joined Sage in 1997 from Price Waterhouse to become Group Financial Controller. He joined the Board of Sage in April 2000 as Chief Financial Officer. In May 2007, he was appointed to the Board of Hays plc as a Non-Executive Director and, in November 2011, became its Senior Independent non-executive director.
Mr Harrison’s appointment will take effect from 1 September 2013. Ahead of that date, Mr Parker will remain in both his CFO and Board positions ensuring continuity in the management of WANdisco’s financial affairs.
David Richards, WANdisco Chairman and Chief Executive Officer said:
“All of us at WANdisco, particularly the Board, wish to thank Nick for his major contribution to the Company. Nick’s hard work throughout the IPO process has been nothing short of invaluable. With our IPO successfully completed, we now look to use this opportunity to create a more US-centric finance team. Nick leaves WANdisco in excellent financial health and we are very pleased to have appointed Paul Harrison to continue the work Nick has started. Paul has a wealth of experience within the technology sector and a leadership track record of excellence while at Sage.”
Paul Harrison added:
“I am excited to be joining David and the team at WANdisco. With its patented technology providing unique functionality targeted at some very high growth markets, I believe that WANdisco is well placed to continue its exceptional growth. I look forward to playing my part on this journey, and to sharing my experience of Sage's own growth story over the last sixteen years.”
For further information please contact:
David Richards, Chairman and Chief Executive Officer
Nick Parker, Chief Financial Officer
via FTI Consulting
+44 (0)20 7831 3113
Matt Dixon / Sophie McMillan / Jon Snowball / Roger Newby
Panmure Gordon & Co.
+44 (0)20 7459 3600
Fred Walsh / Grishma Patel (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