WANdisco in early stages of exploring the option for additional listing of its ordinary shares in US

In a statement, WANdisco said it noted recent press speculation about a potential US listing and “provides the following clarification”.

It added: “As a dual UK and US headquartered technology company, WANdisco has long-stated its intention to consider an additional listing of its ordinary shares in the United States. The company can confirm that it is in the early stages of proactively exploring this option.

“The company also confirms that it remains committed to London's Alternative Investment Market and to maintaining its current UK AIM listing.”

The announcement follows a period of significant growth and major contract wins for WANdisco. In 2022, the company secured record bookings of $127m as it accelerated its commercial momentum with multiple multi-million-dollar contract wins.

It also said it had a robust pipeline which underpinned its confidence for a strong performance in 2023.

In a full year trading update, published in January, David Richards, the CEO and chairman of WANdisco, commented: “2022 marked a watershed year in which demand for our solutions translated into significant contracts; investment in the development of our unique solutions to move data at scale yielded strong customer demand. Our solutions are an ideal fit for moving IoT (Internet of Things) data from the network edge to the cloud.”

Internet of Things, refers to the collective network of connected devices and the technology that facilitates communication between devices and the cloud, as well as between the devices themselves.

Speaking in January, Mr Richards said: “We believe WANdisco is the sole solution that can enable our customers to efficiently move data at significant scale to the cloud. Our customers are using our solutions to create new revenue streams in delivering analytics to their end customers, such as automotive manufacturers, energy companies, and insurance providers. We have only begun to address the plethora of use cases for analytic data that is enabled by our solutions.”

"With our commit-to-consume revenue model, we are making it easier to bring new customers on board as well as enabling existing customers to plug in new opportunities to harness our technology inside their businesses.”

Two months ago, WANdisco announced that it had signed an initial agreement worth $6.6m with a European-based global telecommunications service provider.

Mr Richards is also the co-founder of the David and Jane Richards Family Foundation, a UK-registered charity which has been set up to educate, empower and improve the lives of children.

The Richards are keen to ensure that the study of computers and technology in schools is fun and engaging, with a focus on creativity and the practical applications of data science.