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WANdisco - Becomes advanced technology partner for Amazon Web Services

March 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • WAND
  • Price:
  • 732p
Having raised US$22m at 550p just 13 months ago, WANdisco has again tapped the market. This time it is placing 2.5m shares to raise US$17.5m at 546p - a 9% premium to the market price and - unusually - agreeing to a 12 month holding period.To recap, WANdisco’s key opportunity comes from Fusion, a solution that enables enterprises to move data to the cloud.  The problem comes about because a bank, an insurer or a  utility all have continually active files, ones involved in customer and supplier transactions. They can’t be simply shut down, copy files over to the cloud in bulk, and then go live with cloud-resident computer processing because by the time they are back online the data will have changed.Fusio ...

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