SHARES in software company WANdisco rose nearly nine per cent yesterday on the news it has won a US patent that will protect its ground-breaking technology.
The Sheffield-based company, whose software is used by companies such as HP, Intel, Barclays, McAfee, Honda and Wal-Mart, said the patent will commercially protect both its technology and its products.
Investors welcomed the news and WANdisco’s shares rose 35p to close at 442.5p.
Analyst Philip Sparks at Broker Profile said: “Today’s announcement of a patent award marks the end of a six-year process to assess WANdisco’s technology against all potential competitors.
“The US Patent Office has now confirmed that WANdisco’s approach to replicating data servers across long-distances is unique.”
David Richards, WANdisco’s chairman and chief executive, said: “This patent validates our leadership in distributed computing and our belief that no other company can achieve active-active replication over a Wide Area Network. We believe this patent is far reaching.”