WANdisco sees record third quarter work
SOFTWARE company WANdisco today said that it has enjoyed a record 96% increase in subscriptions in the first quarter of the year.
The Sheffield-based company said first quarter subscription bookings were $3.035m with new customers including General Atomics, FutureWei (a division of Huawei), Société Générale and Maxim.
Increased business also came from existing customers such as Home Depot, Nokia, John Deere and McAfee.
The annualised renewal rate by booking value was 134 per cent. Renewals included Sony, McGraw Hill, Raytheon, Vanguard, Borg Gais and Blue Shield.
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 $5bn to over $50bn.
WANdisco will report results for the financial year to December 31 on Thursday, April 25.