Listed software firm’s shares subscription raises £12.8m
Software company WANdisco today announced the subscription of 2,998,413 new ordinary shares of ten pence each in the company by existing shareholders at a price of 425 pence per share.
The Sheffield-based business said this has raised gross proceeds of about $16.5m (£12.8m) representing 6.63% of the entire existing share capital of WANdisco.
The proceeds will be used to support the firm’s relationships with strategic cloud partners and provide growth working capital.
The following investors participated in the Subscription:
- Davis Partnership, LP
- Global Frontier Partners, LP
- Ross Creek Capital Management, LLC
- Acacia Partners, LP
- Acacia Partners II, LP
- Acacia Institutional Partners, LP
- Acacia Conservation Fund, LP
- Herald Investment Management Ltd.
David Richards, chief executive officer and chairman of WANdisco, said: “This year we have struck new partnerships with Databricks and Neudesic and deepened existing relationships, striking a landmark agreement to embed Fusion into Microsoft Azure.
“These strategic partnerships and the successful launch of LiveMigrator and LiveAnalytics, underpins a growing sales pipeline, all of which, gives me confidence in our prospects for this year and over the long-term.”
