Sheffield and Silicon Valley based corporate software specialist WANdisco is celebrating results ahead of expectations after almost doubling its revenues in the first quarter of 2013.
City-born chairman and chief executive, David Richards, says the company is “incredibly pleased with the progress achieved” since its successful floatation on the Alternative Investment Market last June.
“The rapid sales growth of our existing products, combined with the increased potential of our Big Data products, which launched ahead of schedule, means the Board expects to deliver higher customer bookings than initially anticipated in 2013,” says Mr Richards.
“We are excited about the prospects for sustained long term growth, which we believe are now greater than initially anticipated 11 months ago.”
WANdisco’s products are used by software developers working for blue chip corporates around the world.
More recently, the company moved into “Big Data,” which involved processing collections of data so large that they are difficult to store and manipulate locally on desktop computers.