Concept

WANdisco

Summary

WANdisco, plc. develops technology that moves large Internet of Things (IoT) datasets, edge data, and Hadoop. The company is dual-headquartered in Sheffield, England and San Ramon, California. The name WANdisco is an acronym for wide-area network distributed computing. WANdisco was co-founded in 2005 by David Richards and Dr. Yeturu Aahlad. They grew the company without raising any private equity, venture capital, or angel funding and led it to a successful IPO on the London Stock Exchange on June 1, 2012. In 2012, WANdisco acquired AltoStor and entered the big data market with its non-stop Hadoop product. In July 2023, WANdisco announced it had successfully completed a

30m equity fundraise. It also stated that an application had been made to the London Stock Exchange for the companies shares to be admitted to trading on AIM on 7 July 2023. On March 9, 2023, the company's shares were suspended from trading in London, citing potentially fraudulent irregularities. The company said it expected revenue for 2022 could be as low as

9 million compared to its previous expectation of $24 million. There is currently an ongoing investigation into the irregularities by the UK's financial watchdog.

Official source

https://en.wikipedia.org/wiki/WANdisco

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