Bookings are still heading upwards at a robust rate at WANdisco, with a 96% yoy increase for Q1 2013 taking subscription revenue to $3.04m, on top of the 76% lift in Q4 2012 (see here) and 71% for FY12. High growth levels indicate the appetite in the market for WANdisco’s portfolio of high-availability software, which supports big data and distributed software developments. With the release of new products for the growing Hadoop big data market during the quarter, the company is keeping up a fast pace of development, aided by its June IPO and its AltoStor acquisition towards the end of last year (see here).
The customers are coming too. Q1 new signings included General Atomics, FutureWei (a division of Huawei), Société Générale and Maxim, while existing customers expanded their investment, and the renewal rate was 134%.
We caught up with David Richards, CEO of this UK/US-based company a little while ago and were impressed by the WANdisco story and the prospects for the company in the fledgling big data market. He talked of discussions with UK government to unlock the vast volumes of data held in the various departments. Talks are not contracts of course, but if the company could make headway here, we could see the UK big data market really start to take off.