Business
Q1 2013 Bookings Update
Q1 2013 Bookings Update.
About this update from Cirata Plc
[{"type":"text","content":"\n \nRNS Number : 6292C WANdisco Plc 18 April 2013 \n \n\n \n \n \n18 April 2013\nWANdisco plc\nQ1 2013 Bookings Update\nQ1 subscription bookings increase by 96 per cent year-on-year\nRenewal rate 134 per cent\n \nSheffield, UK - WANdisco (LSE: WAND), a provider of high-availability software for global enterprises to meet the challenges of Big Data and distributed software development, is pleased to provide the following update for the three months ended 31 March 2013.\n \nIn the first quarter of the new financial year, subscription bookings reached a record level of $3.035 million, representing a 96 per cent increase year-on-year (2012: $1.545 million). \n \nNotable new customers signed in the first quarter included General Atomics, FutureWei (a division of Huawei), Société Générale and Maxim. In addition, the Company saw significant growth in existing customer accounts including Home Depot, Nokia, John Deere and McAfee all of whom expanded their use of WANdisco products within their organisations.\n \nThe annualised renewal rate by booking value was 134 per cent. Renewals included Sony, McGraw Hill, Raytheon, Vanguard, Borg Gais and Blue Shield. When one particularly large increased renewal is excluded the underlying rate of renewal is 117 per cent.\n \nDuring 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 $5 billion to over $50 billion. \n \nWANdisco's flagship Big Data product, the Non-Stop NameNode, is the only 100 per cent uptime solution for Hadoop. Built on the company's Non-Stop patented replication technology, Non-Stop NameNode completely eliminates the single point of failure that risks data availability - the NameNode - which tracks the location of data within a Hadoop cluster and coordinates client access to it.\n \nThe Company also filed three new additional patents related to distributed comp...