WANdisco shares leap on product launch

Shares in WANdisco lifted sharply as the group launched its big data platform WANdisco Distro on Friday.

Shares in WANdisco lifted sharply as the group launched its big data platform WANdisco Distro on Friday.

The product is described by the company as "a production ready Apache Hadoop 2 Distribution platform for Big Data".

Development was led by Dr Konstantin Boudnik, WANdisco's Director of Big Data Distribution, who joined the company in January from Karmasphere.

According to the company, the product's competitive advantage is in its ability to manage, protect and defend mission critical data centre installations.

Commenting on the launch, WANdisco Chief Executive Officer, David Richards, said: "This announcement and the launch of WANdisco Distro marks our first, formal product step in to the exciting world of Big Data.

"This fully tested, production ready platform will underpin all of our Big Data products going forward, based on the patented active-active technology that already gives us such a unique edge in the market place. We look forward to announcing further Big Data product news in the coming weeks."

WANdisco's share price rose 10.04% to 740p at 10:52 on Friday.

MF

Recommended

I wish I knew what a share buyback was, but I’m too embarrassed to ask
Too embarrassed to ask

I wish I knew what a share buyback was, but I’m too embarrassed to ask

A share buyback means just what it says – a company buys back its own shares. But why? And how does that benefit shareholders?
3 Aug 2021
Improve your odds of investment success with these three stocks
Share tips

Improve your odds of investment success with these three stocks

Professional investor Tom Wildgoose of the Nomura Global High Conviction Fund highlights three of his favourite stocks.
2 Aug 2021
How to profit from pampered pets beyond the pandemic
Share tips

How to profit from pampered pets beyond the pandemic

Covid-19 has greatly boosted ownership. But the market had been expanding for years, and demographic, cultural and medical trends all point to long-te…
30 Jul 2021
Share tips of the week – 30 July
Share tips

Share tips of the week – 30 July

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
30 Jul 2021

Most Popular

Why the UK's 2.5% inflation is a big deal
Inflation

Why the UK's 2.5% inflation is a big deal

After years of inflation being a financial-assets problem, it is now an “ordinary things” problem too, says Merryn Somerset Webb. But central banks st…
16 Jul 2021
The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism
Economy

The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism

Russell Napier talks to Merryn about financial repression – or "stealing money from old people slowly" – plus how Asian capitalism is taking over in t…
16 Jul 2021
Three companies that are reaping the rewards of investment
Share tips

Three companies that are reaping the rewards of investment

Professional investor Edward Wielechowski of the Odyssean Investment Trust highlights three stocks that have have invested well – and are able to deal…
19 Jul 2021