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.
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