WANdisco stands for Wide Area Network Distributed Computing, and we make software happen.

This is because our technology is the secret ingredient behind the products that you use every day – from mobile phones to machinery. We are an active member of the community that develops the world’s most popular Source Code product: Subversion, and our technology is used by half of the world’s software developers.

Our customers include a host of Fortune 1000 companies such as Hewlett Packard, Intel, John Deere, European Southern Observatory, Barclays Capital, Walmart, GE and Cisco.

How it works

With our patented technology, software developers in distributed locations can work simultaneously, creating a seamless global network. Users at every site where WANdisco is installed have local access to the same data at all times, which means that they can make changes locally and see each other’s changes immediately.

We are proud to have a 98% customer renewal rate – which is driven by compelling ROI data: a recent study from Forrester Research has shown that our Subversion MultiSite offers a 167% return on investment with a nine-month payback period.

The company

Co-founded in 2005 by David Richards, Jim Campigli and Dr Yeturu Aahlad, WANdisco has dual headquarters in Silicon Valley and Sheffield, England. WANdisco grew, without raising any private equity, venture capital or angel finance to become a leading provider of global collaboration software to the software development industry.

On June 1st, 2012 the company had a highly successful IPO on the London Stock Exchange raising over $24 million. The IPO was oversubscribed by over 300% and the list of investors included Fidelity, Legal & General, Blackrock, Artemis, Hargreave Hale, Cazenove, M&G, Octopus and Standard Life. WANdisco's ticker is WAND.L


http://www.wandisco.com/

Management Team Appointments

RNS


RNS Number : 5881M

WANdisco Plc

28 August 2013
















28 August 2013



WANdisco plc



("WANdisco" or the "Company")



Management Team Appointments



WANdisco Appoints Former British Telecom, MapR and CollabNet Executives to Management Team



San Ramon, CA - August 28,2013 - WANdisco (LSE: WAND), a provider of high-availability software for global enterprises to meet the challenges of Big Data and distributed software development, today announced three executive appointments. Richard Fletcher, former British Telecom executive, is the company's new Vice President of Worldwide Engineering; Brad Mandell, former MapR Worldwide VP of Field Operations, is VP of Global OEM Big Data Sales; and former CollabNet Vice President of Worldwide Field Operations Mike Hallett has been appointed Vice President of Sales for Development Tools.



Richard Fletcher joins WANdisco from British Telecom where he was CIO of BT Conferencing, British Telecom's teleconferencing division. Mr. Fletcher will lead WANdisco's engineering team in developing the company's Big Data and ALM applications to accommodate the rapidly growing Hadoop, Subversion, and Git markets. Prior to BT, Mr. Fletcher served as COO of voice and communications services provider Ribbit, which was acquired by BT. Before Ribbit, he was COO of broadband and telecommunications provider PlusNet, where he was part of a team that successfully doubled the company's revenue and customer base in less than two years. Mr. Fletcher has a degree in Politics from the University of Sheffield.



Mike Hallett, who will assist in developing WANdisco's sales strategy for its Subversion and Git enterprise solutions, joins WANdisco from CollabNet, where he expanded the company's field operations by developing and executing a variety of channel strategies. Prior to CollabNet, Mr. Hallett was Senior VP with software provider Questra Corporation, where he grew the business from startup to $7M revenue in two years. Prior to Questra, he held senior executive positions with Kintana, Siebel Systems, and Oracle. Hallett has his degree in Business Economics from Brislington Enterprise College, Bristol.



Brad Mandell joins WANdisco from MapR, where he was Worldwide VP of Field Operations. Mr. Mandell has built and expanded field operations teams in field marketing, business development and services and support for over 25 years. Prior to MapR, he was Worldwide VP of Enterprise Business for Juniper, responsible for developing the strategic enterprise business for entering the switching market, new acquisition due diligence and lead field integration of enterprise solutions. Before Juniper, he held senior management positions with Peribit Networks, 3Com, Consentry and Cisco. Mr. Mandell has his BSc in Finance and Management from the University of Santa Clara, California.



"I am delighted that WANdisco continues to attract the best talent in the industry," said David Richards, CEO of WANdisco. "Richard, Brad and Mike are industry leaders and we're thrilled they're joining WANdisco, especially at such an exciting time."



About WANdisco

WANdisco (LSE: WAND) is a provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and availability. WANdisco's products are differentiated by the company's patented, active-active data replication technology, serving crucial high availability (HA) requirements, including Hadoop Big Data and Application Lifecycle Management (ALM). Fortune Global 1000 companies, including AT&T, Motorola, Intel and Halliburton, rely on WANdisco for performance, reliability, security and availability. For additional information, please visit www.wandisco.com.

WANdisco PLC (WAND:LSE) set a new 52-week high during today's trading session when it reached 1,050. Over this period, the share price is up 292.52%.

An account from day one to the present time -

Company profile from innovation and growth investor.

Wandisco rides the Big Data Wave.

Wandisco provides enterprise software solutions to thousands of major corporations worldwide including Apple, ATT, HP, Sony, Nokian Siemens Networks and Intel, to name a few. The company's highly successful 2012 initial public offering on the London stock exchanges Aim platform was three times oversubscribed and raised more than £24 million. Following its flotation, Wandisco made strategic move into the Big Data space, a market forecast to exceed $47 billion in revenue by 2017, according to research firm Wikibon. It acquired Silicon Valley based Big Data vendor Altostor in November 2012, adding highly valuable technology and expertise.

Big Data, huge opportunity

Traditional databases were good enough at handling rows and columns of structured textual data but since the advent of the internet and mobile devices, huge volumes
of unstructured and semi-structured data are created every second. This deluge includes digital images, videos, twitter and other social media feeds, GPS sensor data, and machine data that traditional database technology can no longer handle.
Hadoop is the most widely used big data software in the world. Few people have heard of Hadoop but we all use it via social networking websites and online shopping sites. Major companies in virtually every industry are implementing big data technology because of the competitive advantage that this rich information can provide if is rapidly processed and analysed.
Hadoop's biggest challenge is availability, and that is where Wandisco comes into its own. WANdisco's patented technology delivers continuous availability'100% system uptime' - across data centres thousands of miles apart.
It enables companies to put global business continuity and disaster recovery plans into place, so they do not suffer losses due to interruptions in service when servers or networks fail, or natural disasters strike

Patented Technology

The acquisition of Altostor and its highly experienced and talented founders provide WANdisco with unrivalled expertise. Dr Konstantin Shvachko was one of the original
developers of Hadoop and Jagane Sundar oversaw Yahoo's Hadoop big data rollout.
By combining WANdisco's unique patented replication technology with this talent, the company quickly developed and launched its first Big Data products, following up with additional solutions and services shortly thereafter.
Users, regardless of their location, always have access to the same data, can make changes to the data and see each other's changes as if they were all at one location. It delivers 24/7 availability, with unparalleled performance and scalability. No other technology can deliver these capabilities and they are critical to Hadoop's wide-scale
adoption in the enterprise. In addition to its product portfolio based on its patented
technology, WANdisco offers a range of professional training, consulting and support services.

Strong team

In the past year, WANdisco has been very active, displaying strong momentum from both operational and financial perspective. In addition to delivering a robust financial performance at its maiden full year results, the company established a wholly-owned foreign enterprise (WOFE) in the city of Chengdu to strengthen its presence in China.
WANdisco was also awarded a patent for its active-active replication technology and filed three additional patents related to distributed computing with applications in Big Data. In addition, the £198m cap announced a partnership programwith founding partners Hyve and SUSE, launched a replication solution for open source Git, and passed certification testing with US computing giant Dell. Chief executive officer and co founder David Richards has more than 15 years experience in the software industry and is a member of countless advisory and executive boards of Silicon Valley start-up ventures. Along with co-founders James Campigli and Yeturu Aahlad, Richards led the company to its successful Aim quotation.
Richards is also deputy chairman of Aim-quoted geospatial Big Data firm 1Spatial (SPA:AIM). The board and management team are made up of highly experienced executives with extensive expertise in software, distributed computing, and Big Data, as well as many successful start-up enterprises.
Joining the co-founders on WANdisco's board of directors are two non-executive directors with extensive experience in the technology industry and in managing high growth companies - Paul Walker, the former CEO of Sage, and Ian Duncan, formerly finance director of Royal Mail Holdings. In May 2013 WANdisco further bolstered its board and senior management team with the appointment of Paul Harrison as the company's new chief financial officer. Mr Harrison joins WANdisco from the FTSE 100 constituent Sage.


Powerful momentum

WANdisco announced its first Big Data customer in April, shortly after its ahead of schedule Big Data product launch. The client, a tier-one UK telecoms operator with operations in Britain and around the world, will use WANdisco's Big Data solutions to ensure 100% uptime for business critical data storage facilities, which are both numerous and distributed across multiple geographies.
In June WANdisco announced NSN would use its solutions to deliver 100% uptime for Big Data storage and access across its product portfolio.
'Our customers recognise the competitive edge that harnessing Big Data technology can deliver in telecommunications. Leveraging Hadoopp enables us to provide them with the real -time insight that is the foundation for business value' says Soma Vaelayutham, head of customer insight and experience product management at NSN.
'WANdisco has the expertise and experience in Hadoopm that is key for implementing Big Data in the telecommunications industry.'
The rapid sales growth delivered by WANdisco's Application Lifecycle management
solutions for the widely used Subversion and Git version control systems, combined with the Big Data (Hadoop) market's forecast growth, is likely to drive WANdisco customer bookings to levels higher than initially anticipated.

Edison today -


WANdisco (WAND)
INVESTMENT SUMMARY
H1 bookings of $6.1m were up 80% year-on-year. A significant acceleration is required in
H2 to reach our $14.4m estimate, but the company looks well placed to deliver this - sales
from Hadoop and the newly launched GIT product should be largely incremental, while
newsflow (such as the OEM agreement with NSN and certification of the Non-Stop
NameNode by Dell) suggests very rapid commercial progress continues. A step change in
financial performance is being priced in, but if the company continues to cement itself as
key player in Hadoop, financials should be transformed.
INDUSTRY OUTLOOK
Over the past 12 months, Hadoop cemented its position as one of the core technologies on
which big data implementations will run. Levels of interest and the rate of deployments have
accelerated as enterprises seek to gather and analyse vast amounts of unstructured data to
gain a competitive advantage or develop new business models.

Board Transition

RNS


RNS Number : 9369M

WANdisco Plc

02 September 2013










2 September 2013

WANdisco plc



("WANdisco" or the "Company")



Board Transition



Sheffield, UK - WANdisco (LSE: WAND), a provider of high-availability software for global enterprises to meet the challenges of Big Data and distributed software development announces that, further to the announcement of 8 May 2013, Nicholas Parker has stepped down as CFO and from the Board of Directors (the "Board") as of 30 August 2013. Paul Harrison has now joined the Board as Chief Financial Officer ("CFO") with effect from 1 September 2013.



Paul Scott Harrison, aged 49, joins the Board of 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 CFO. 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.



Save as disclosed above and detailed below, there are no other details to be disclosed regarding Paul Harrison's appointment as required under paragraph (g) of Schedule 2 of the AIM Rules.



Current Directorships as at the date of this announcement




HAYS plc




Directorships held during the past five years




ACCPAC Middle East FZ LLC

Handisoft Software Pty Ltd


Interact UK Holdings Limited


Interact Commerce Corporation


KHK Software Gesellschaft m.b.H.

Micropay Pty Limited


Pastel Software (Europe) Limited


Pastel Software (Ireland) Limited


Pastel Software (UK) Limited

Sage Benton Limited


Sage US Investments Limited


Sage Finance II *


Sage Jesmond Limited *


Sage (South Gosforth) *


Sage Finance Limited *


Sage Great Park Limited *


Sage Australian Investment *


Sage South African Investment *


Sage Polish Investment *


Sage Quayside *


Sage Overseas Limited


Sagesoft


Sage CRM Solutions Limited


Sage Spain Investments Company Limited


Sage Far East Investments Limited


Sage Pay Europe Limited


Sage Irish Investments One Limited


Sage Irish Investments Two Limited


Sage Technologies Limited


Sage Global Services Limited


Sage Interact Holdings (Ireland) Limited


Sage Software SB, Inc.


Sage Software Healthcare, Inc.


Sage Software Sdn Bhd


SAGE SOFTWARE INDIA PVT LTD


SAGE SOFTWARE SOLUTIONS PTE. LTD


SAGE SINGAPORE HOLDINGS PTE. LTD.


SAGE SOFTWARE ASIA PTE LTD


Sage Business Solutions Pty Limited


Sage Software Australia Pty Limited


Sage Holdings Limited

Sage Whitley Limited

Sage Overseas Holdings Limited

Sage Online Holdings Limited

Sage St Mary's Limited

Sage Overseas Limited Sucursal en España

Sage Software North America

Sage Software Holdings, Inc.

Sage Software, Inc.

Sage Payment Solutions, Inc.

Sandco 1191 Limited

Stirling Bidco Pty Ltd

Stirling Holdco Pty Ltd

Sky Software Limited

The Sage Group plc

Sinobiz Technology Limited


Softline Australia Pty Limited


Softline Software Limited


Softline Software Holdings Limited


The Newcastle Upon Tyne Royal Grammar School


The Sage Group Quest Company Limited


Tonwomp

WANdisco PLC (WAND:LSE) set a new 52-week high during today's trading session when it reached 1,110. Over this period, the share price is up 314.95%.








Consensus recommendation






As of Aug 31, 2013, the consensus forecast amongst 2 polled investment analysts covering Wandisco PLC advises investors to purchase equity in the company. This has been the consensus forecast since the sentiment of investment analysts improved on Feb 11, 2013. The previous consensus forecast advised that Wandisco PLC would outperform the market.
.

Questor share tip: Aim-listed WANdisco is well worth watching as the shares rocket
WANdisco has tapped into one of the fastest growing technology markets and the shares have rocketed as it wins more business, says Questor
By John Ficenec, Questor editor
6:00AM BST 03 Sep 2013
CommentsComment
WANdisco
£11.05+55p
Questor says HOLD

SHARES in the Aim-listed technology company WANdisco are plugged into some of the fastest growing markets in the world. And if the company can deliver on its early promise then shares in the Sheffield-based technology start-up could continue to rocket.

Investors who backed the initial public offering have seen their money increase over six times in little over a year. The shares came to market in June 2012 at 180p and have risen to £10.94 today. The £26m raised at IPO has been used to build a sales team and add new products. Brokers believe this is only the beginning and have consistently ripped up forecasts as new contract wins are announced.

The group’s products are in fast-growing markets. The most exciting market is for a database system called Apache Hadoop; this is a system that companies such as Facebook and Amazon use to store all your data. WANdisco has developed some of the most efficient programmes for accessing and using that data. Independent analysts estimate the big data market will be worth $18.1bn (£11.6bn) by the end of 2013, from $11.4bn just a year earlier, and could reach $50bn by 2017.

WANdisco is keeping pace with this growth. Cash bookings – contracted work to be undertaken – for the first half of 2013 were $6.1m, up 80pc from the same time last year. Once clients are signed they tend to stay, as renewal rates were 109pc during the first half.



There is more to this than just technology hype. WANdisco has signed some blue-chip clients such as Nokia, Cisco and Apple. They also announced in May that they had poached Paul Harrison from FTSE 100-listed Sage to take over as chief financial officer. It seems unlikely that such a well-respected name in technology would jump ship without good reason.

Questor is always wary of technology stories; 2001 lives long in the memory and brokers estimate WANdisco will not make a profit until after 2014. However, the client list and addition of an experienced CFO to the board make this an interesting proposition. The results announcement on September 26 will provide a better picture of how things are developing, and whether cash collection is matching the winning of new business. So with shares at record highs it’s a hold until then.




http://www.telegraph.co.uk/finance/markets/questor/10282021/Questor-share-tip-Aim-listed-WANdisco-is-well-worth-watching-as-the-shares-rocket.html

Another New Patent Application with USPTO

RNS


RNS Number : 1620N

WANdisco Plc

04 September 2013










4 September 2013

WANdisco plc



("WANdisco" or the "Company")



WANdisco Files Another New Patent Application with USPTO

WANdisco Utilises Unique Replication Technique to Eliminate another Hadoop Single Point of Failure - HDFS



Sheffield, UK - WANdisco (LSE: WAND), a provider of high-availability software for global enterprises to meet the challenges of Big Data and distributed software development, announces that it has filed a new patent application with the United States Patent and Trademark Office (USPTO) related to distributed computing with Hadoop for its Big Data solutions. WANdisco's patent application represents a significant addition to the company's portfolio of distributed computing technology.



The patent application involves WANdisco's active-active replication applied to the Hadoop Distributed File System (HDFS) over a Wide Area Network ("WAN"). Developed by a team led by Dr. Konstantin V. Shvachko, the creator of HDFS and current member of the Apache Hadoop Project Management Committee (PMC), the new innovations are expected to have significant benefits for users of WANdisco's Big Data products.



On January 29, 2013, WANdisco was issued patent number 8,364,633 for "Distributed computing systems and system components thereof" for the fundamentals of "active-active replication" over a Wide Area Network ("WAN"), enforceable until July 11, 2028. This new patent application reflects the innovations the company has developed to apply this core patented technology to Hadoop.



Commenting on the new patent application, WANdisco Chairman and CEO, said:



"WANdisco's engineers are continually breaking new ground in distributed computing technology. We look forward to the approval of this patent application. Ours are the only solutions available that deliver 100% uptime for Hadoop on a global scale."

Go Wan. jigsaw starting to come together for Wandisco.


WANdisco PLC (WAND:LSE) set a new 52-week high during Tuesday's trading session when it reached 1,125. Over this period, the share price is up 341.18%.

Upcoming events on WANDISCO PLC


09/26/13 Interim 2013 Earnings Release

WANdisco Announces Official Sponsorship of UC Berkeley AMPLab













San Ramon, CA – September 5, 2013 - WANdisco (LSE: WAND), a provider of high-availability software for global enterprises to meet the challenges of Big Data and distributed software development, announced it is an official sponsor of the UC Berkeley AMPLab, a five-year collaborative effort at UC Berkeley where Spark, Shark and Mesos have been developed.

WANdisco previously announced the integration of Spark and Shark into its certified Apache Hadoop binaries, delivering data processing speeds up to 100 times faster than MapReduce or Hive to any Hadoop-supported filesystem. WANdisco will continue to work closely with AMPLab on continued research into in-memory data storage for Hadoop.

"We are pleased with WANdisco’s strong support of AMPLab as well as Spark and Shark," said Ion Stoica, co-director of AMPLab of UC Berkeley Electrical Engineering and Computer Sciences. "Their participation helps with market validation, and our continued work will enable businesses to quickly deploy interactive data analytics on Hadoop."

"Berkeley AMPLab is at the forefront of Hadoop innovation and we're proud to be an official sponsor," said David Richards, CEO of WANdisco. "Spark and Shark allow users to improve the efficiency of their Hadoop deployments without the need for additional configuration or infrastructure. We look forward to further developments from AMPLab."

march of data science

Big data is revolutionising the way companies do business and looks set to open up further opportunities for growth, as Joshi Herrmann reports

http://raconteur.net/technology/unstoppable-march-of-data-science

WANdisco PLC (WAND:LSE) set a new 52-week high during today's trading session when it reached 1,139.5. Over this period, the share price is up 306.96%.

Big Data Spending to Reach $114 Billion in 2018; Look for Machine Learning to Drive Analytics, Says ABI Research
Business WirePress Release: ABI Research – 6 hours ago


Global spending on big data by organizations will exceed $31 billion in 2013, finds a new market forecast by ABI Research. The spending will grow at a CAGR of 29.6% over the next five years, reaching $114 billion in 2018. The forecast includes the money spent on internal salaries, professional services, technology services, internal hardware, and internal software.

Senior analyst Aapo Markkanen comments, “We estimate that in big data initiatives salaries account for about half of the current spending, with the other half allocated to vendors’ products and services. What we’re now seeing is quite significant overspending on salaries, as organizations turn to data scientists and other specialists in order to leverage big data in the first place. Similarly, a good share of the money is spent on the associated professional services, which have sprung up to assist firms that are data-rich but skills-poor.”

Narrowing the said skills gap, as well as improving the productivity of dedicated data scientists, represents a lucrative revenue opportunity for the sector’s vendors. Cloudera’s Impala project, the hitherto readiest attempt to enable SQL on Hadoop clusters, is an example of this demand being addressed on the database front. Going forward, ABI Research expects significant innovation, especially from the field of analytics.

Practice director Dan Shey highlights, “Machine learning and its application in advanced analytics is one area that will make both the public and private sectors data-savvier than anything we’ve seen so far. Big players such as IBM and HP are understandably moving to this direction, but at the same time we can also see analytics startups, like Ayasdi and Skytree, that have machine learning in their very DNA. Eventually, such innovations will put analytics within any domain expert’s reach. At that point, data will stop being ‘big’ again.”

These findings are from ABI Research’s “Unlocking the Value of Big Data in Enterprises” study, which is part of the firm’s M2M Service Delivery Platforms (https://www.abiresearch.com/research/service/m2m-service-delivery-platforms/) and Cloud Content and Services (https://www.abiresearch.com/research/service/cloud-content-and-services/) Research Services.

WANdisco announces new release of SVN MultiSite Plus



By SD Times Newswire

September 10, 2013 — WANdisco, a provider of high-availability software for global enterprises to meet the challenges of Big Data and distributed software development, announced the next release of SVN MultiSite Plus, the company's performance, scalability and continuous availability solution for large enterprises using Subversion.

SVN MultiSite Plus, announced earlier this year, incorporates the latest enhancements to WANdisco's patented replication technology and delivers major availability, performance, flexibility and scalability improvements over standard SVN MultiSite. SVN MultiSite Plus also allows administrators to manage the entire implementation from one location and add and remove Subversion repositories and servers on the fly without any downtime.

One of the key new features included with SVN MultiSite Plus 1.1 is enhanced notification. With enhanced notification, when a server or network outage occurs, or a server's disk or memory usage approaches capacity, automatic administrator alerts are generated. This simplifies management during the failover and recovery process and enables administrators to address server capacity issues before bottlenecks occur.

Other key features of SVN MultiSite Plus 1.1 include:
• Enhancements to Dynamic Group Evolution - administrators can now adjust as well as add and remove repositories and servers on the fly without any downtime, eliminating the need for scheduled maintenance and lost development time.
• An enhanced transaction dashboard dramatically simplifies oversight and management of the entire global deployment from a single location.
• Support for the long-awaited Subversion 1.8 release, which provides automatic merges and rejects attempts to merge between unrelated branches.
• Support for additional platforms including:
◦ SUSE 11
◦ Red Hat Enterprise Linux 5
◦ CentOS 5, CentOS 6
◦ Debian 6, Debian 7

"Capabilities like those provided by SVN MultiSite Plus are crucial to global organizations that value their source code, require 100% uptime and are striving to be more agile," said David Richards, WANdisco CEO. "With this new release, we're adding significant manageability and performance improvements to further simplify the complexity faced by these development organizations."

Availability

SVN MultiSite Plus 1.1 is available now.


Read more: http://sdt.bz/64085#ixzz2eVbFMHjA
Follow us: @sdtimes on Twitter | sdtimes on Facebook

TMFPP $WAND @WANdisco hit new high of 1170p. New (ex FTSE100) FD in place, Interims in 2 weeks, market anticipating bullish update from CEO


https://twitter.com/equity_research/statuses/377693295515693057

From Sheffield to Silicon Valley – and back again

http://www.iod.com/connect/6/b/technologyarticles/from-sheffield-to-silicon-valley-and-back-again/default?utm_source=twitter&utm_medium=social-media&utm_content=connect-article&utm_campaign=from-sheffield-to-silicon-valley-and-back-again
----------------------------------------------------------------------------------------------
WANDISCO shortlisted for AIM award -

Best Technology Award

Sponsored by Sanlam Securities
•Nanoco Group plc
•Oxford Catalysts Group plc
•Tracsis plc
•WANdisco plc


http://www.aim-awards.co.uk/nominations_and_shortlist/

Panmure predicts lull in WANdisco party
By Jamie Nimmo September 12 2013, 10:58am WANdisco's stock has soared almost 500% since it listed on AIM last yearWANdisco's stock has soared almost 500% since it listed on AIM last year

WANdisco’s (LON:WAND) share price might have peaked, Panmure Gordon, one of the stock’s main cheerleaders, suggested on Thursday.

The AIM-quoted software company’s share price has zoomed up to the broker’s £11.75 target price, but for once Panmure Gordon has not responded by increasing its target.

Instead, it has downgraded the shares to ‘hold’ ahead of interim results on September 26, having been a long-term buyer of the Sheffield-based firm.

Since listing on AIM last summer, the stock has soared almost 500%, valuing it at £242 million.

Panmure’s George O’Connor said of the upcoming results: “CEO David Richards should be in enthusiastic form, particularly as he has put WANdisco ahead of the curve in the ‘enterprisification’ of Hadoop, scored a global mindshare win for this Sheffield business and achieved that very neat operational pivot of migrating from being a single product company to broader horizontal business.

“It is only correct that the company has become the poster boy for ‘what great looks like’ and the resurgence of AIM.”

The analyst added: “Suspecting, as we do, a strong set of results in the offing shares have already whizzed past our target price. Hence we move to Hold.”

The company became the shirt sponsors this season of Sheffield Wednesday FC, which is chief executive David Richards’s home club.

The downgrade dragged the shares down 3.8% to £11.30 today.

"The company became the shirt sponsors this season of Sheffield Wednesday FC, which is chief executive David Richards’s home club.

The downgrade dragged the shares down 3.8% to £11.30 today."

Evening DC, you don't think that maybe the two things are connected by any chance do you? -):

What sponsoring a carp team. lol

WANdisco: Panmure Gordon downgrades from buy to hold with an unchanged target price of 1149p.