WANdisco move into big data a big plus for stock value
Bloomberg said today that the valuation on U.K.-based software company WANdisco Plc (WAND), rose to its highest level after it won a patent award in the states and joined a platform for storing and processing large volumes of data. Two months ago, the company also made its official move into the big data market with the acquisition of AltoStor for $5.1 million.
WANdisco's stock advanced 6.8 percent, extending the year's gain to 42 percent. The stock has more than tripled since its initial public offering on June 1, according to the article.
The company's software allows software developers to have local access to the same data at all times, regardless of location. "Over the last 10 days, the company established a wholly-owned foreign enterprise in the Chinese city of Chengdu and was issued a patent for wide-area network technology it can use with big data," the article noted. It also joined the Hortonworks Technology Partner Program, which helps technology vendors integrate Apache Hadoop.
At the time of the acquisition, WANdisco said it would launch its first big data-targeted solution in the first quarter of 2013, leveraging AltoStor--which helps create faster and more efficient software development. Analysts have said the acquisition marked a significant advance in WANdisco's drive to establish a position at the core of Hadoop and big data.
- see the Bloomberg article