WANdisco acquires popular website to target expanded audience
YORKSHIRE software group WANdisco has today announced its acquisition of TortoiseSVN.net community website to help it target a significantly expanded online audience.
The site is home to a Subversion client used by millions of software developers and has been brought for a nominal fee.
It is considered as one of the most popular among software engineers and allows the Sheffield and California-based company to immediately target a significantly expanded online audience consisting of potential customers for WANdisco’s paid Subversion products and services.
Stefan Küng, the lead developer for TortoiseSVN, will join WANdisco to support and enhance the software, ensuring its viability into the future.
The terms of the transaction were not disclosed.
WANdisco chairman and CEO, David Richards, said: “TortoiseSVN is one of the most popular client applications for software developers.
“WANdisco has been a major contributor to the TortoiseSVN project since 2010 and with Stefan Küng’s expertise, we can ensure this popular open source project continues to thrive with quality support and new features users are looking for.”
This announcement follows WANdisco’s AGM, which took place yesterday.
Mr Richards told shareholders that the business has made “very good” progress in all areas as it looks forward to substantial sales growth.
He said: “It is with great pleasure that I am able to report to our annual general meeting that very good progress continues to be made in all areas of our business.
“On the product development side our new and evolving products for the Application Lifecycle Management and Big Data markets are being well received by our customers.
“Since the IPO we have hired a number of highly experienced enterprise sales staff and they have delivered substantial year-on-year sales growth, which in the first quarter was 96%.
“Also pleasing was an almost three-fold increase in the average deal size as we now sell on value rather than technology.
“The sales pipeline for the second quarter and beyond continues to grow for all products and the group remains confident of further substantial sales growth.
“We anticipate making further updates in the coming weeks associated with our Hadoop Big Data products.”
Mr Richards said the business anticipates these updates with be made towards the end of this month.
