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 30mequityfundraise.ItalsostatedthatanapplicationhadbeenmadetotheLondonStockExchangeforthecompaniessharestobeadmittedtotradingonAIMon7July2023.OnMarch9,2023,thecompany′ssharesweresuspendedfromtradinginLondon,citingpotentiallyfraudulentirregularities.Thecompanysaiditexpectedrevenuefor2022couldbeaslowas9 million compared to its previous expectation of $24 million. There is currently an ongoing investigation into the irregularities by the UK's financial watchdog.
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