18 APRIL 2013
WANdisco Q1 2013 bookings update
Q1 2013 Bookings Update
Q1 subscription bookings increase by 96 per cent year-on-year
Renewal rate 134 per cent
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 three months ended 31 March 2013.
In the first quarter of the new financial year, subscription bookings reached a record level of $3.035 million, representing a 96 per cent increase year-on-year (2012: $1.545 million).
Notable new customers signed in the first quarter included General Atomics, FutureWei (a division of Huawei), Société Générale and Maxim. In addition, the Company saw significant growth in existing customer accounts including Home Depot, Nokia, John Deere and McAfee all of whom expanded their use of WANdisco products within their organizations.
The annualised renewal rate by booking value was 134 per cent. Renewals included Sony, McGraw Hill, Raytheon, Vanguard, Borg Gais and Blue Shield. When one particularly large increased renewal is excluded the underlying rate of renewal is 117 per cent.
During the period the Company announced the release of its new products for the fast growing Hadoop Big Data market. Hadoop is a proven, open source Big Data technology which serves as the backbone for many of the world's largest and most important databases utilised by companies such as Yahoo, Facebook, Netflix, Amazon and eBay. According to the analyst firm Wikibon, the market for solutions able to solve Big Data issues is forecast to grow at a compound annual rate of 58% between 2012 and 2017 from $5 billion to over $50 billion.
WANdisco's flagship Big Data product, the Non-Stop NameNode, is the only 100 per cent uptime solution for Hadoop. Built on the company's Non-Stop patented replication technology, Non-Stop NameNode completely eliminates the single point of failure that risks data availability - the NameNode - which tracks the location of data within a Hadoop cluster and coordinates client access to it.
The Company also filed three new additional patents related to distributed computing with applications in the Big Data market to complement the patent awarded by the US Patent and Trademark Office (USPTO) for its core replication technology in November last year.
WANdisco will report results for the financial year ended 31 December 2012 on Thursday, 25 April 2013.
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
Panmure Gordon & Co.
+44 (0)20 7886 2500Fred 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