It’s full steam ahead as WANdisco holds its debut annual meeting

The Sheffield-based firm, which floated on the London Stock Exchange in June last year, recently reported a 56 per cent leap in 2012 revenues to £4m and announced the signing of its first Big Data customer – a tier one UK telecoms operator.

The un-named telecoms firm will use WANdisco’s software to detect fraud as it happens.

The Big Data market refers to the rapidly-growing volume of complex, diverse and high-speed data which underpins an increasing number of firms.

At the company’s AGM in Sheffield yesterday, the chairman and CEO David Richards, said: “Since the IPO we have hired a number of highly experienced enterprise sales staff and they have delivered substantial year-on-year sales growth, which in the first quarter was 96 per cent.

“Also pleasing was an almost three-fold increase in the average deal size as we now sell on value rather than technology. The sales pipeline for the second quarter and beyond continues to grow for all products and the group remains confident of further substantial sales growth.”

He added: “Finally, I would like to take this opportunity to thank all the employees of the group who have contributed so much to the rapid growth and development of WANdisco and we all look forward to further progress going forward.”

In May, WANdisco poached Sage Group’s finance director Paul Harrison, who will head up the ambitious group’s finance function in California.