Update: Stronger financial footing
WANdisco’s raise of $15m net (c £10.1m) at 160p/share should support the business through to cash flow break-even in all but a bearish scenario. Equally, we believe lead indicators to support an inflection in bookings are strengthening: bookings recovered in Q1, the number of live deployments more than doubled, the first royalties from IBM are expected this year and enterprise adoption of cloud and big data appear to be accelerating.Wandisco Plc is engaged in the development and provision of global collaboration software.
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