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

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

The Bank of England should create a "Bitpound" digital currency and take the world by storm
Bitcoin

The Bank of England should create a "Bitpound" digital currency and take the world by storm

The Bank of England could win the race to create a respectable digital currency if it moves quickly, says Matthew Lynn.
18 Oct 2020
Don’t miss this bus: take a bet on National Express
Trading

Don’t miss this bus: take a bet on National Express

Bus operator National Express is cheap, robust and ideally placed to ride the recovery. Matthew Partridge explains how traders can play it.
19 Oct 2020
Three stocks that can cope with Covid-19
Share tips

Three stocks that can cope with Covid-19

Professional investor Zehrid Osmani of the Martin Currie Global Portfolio Trust, picks three stocks that he thinks should be able to weather the coron…
12 Oct 2020