Blue chip clients boost software success

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A HOST of new blue chip companies have joined Sheffield and Silicon Valley software company WANdisco’s client list, boosting the company’s growth and prospects for the year.

WANdisco’s latest success comes days after the company celebrated its successful – and oversubscribed – floatation on the Alternative Investment Market, with a party in Sheffield’s Winter Garden.

David Richards, chairman and chief executive officer of the company, told guests at the event: “Most people said you couldn’t develop software outside London or San Fransisco. Three years ago, we moved software development to Sheffield and it was one of the best decisions I have made.”

The company, which is based in Electric Works, on Sheffield’s Digital Campus, says Nokia Siemens Networks, Northrop Grumman, Manulife Financial and Home Depot are among the new users who have boosted subscription bookings by 86 per cent, compared to the same period last year.

WANdisco says total bookings for the first nine months of the year have risen by 69 per cent to $5.4 million (£3.4 million).

Meanwhile, many existing customers have bought additional user licences, added more sites or committed to WANdisco’s products for longer time periods when renewing subscriptions.

The company says it significantly updated its flagship software product during the third quarter and made further moves into the small and medium sized enterprise market during the period.

WANdisco added: “Historically, the second half of WANdisco’s financial year, and in particular the fourth quarter, is its strongest, due to the higher levels of renewals that arise. As a consequence, the directors are confident that the company remains on track to achieve its targets for the current financial year.”