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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Side hustle tax changes: HMRC reforms could save thousands from filing self-assessment tax returns
The government plans to raise the tax-free threshold for trading income – here is how it could help your side hustle
By Marc Shoffman Published
-
Return to the office: is working from home coming to an end?
More and more employers want their staff to return to the office. Is it a good idea?
By David Prosser Published