There was an impressive Q4 update from big data and distributed software development enabler WANdisco this morning – Q4 subscription bookings up 71% yoy to $4.3m, bringing the total to for full year to $14.8m, a stunning 87% increase.
Most of the growth for the three months to December 31 2013 was from the ALM part of the business, which is drawing in blue chip names like Goldman Sachs on the new business front plus renewals from existing clients. But the big data side is also gathering momentum with several proof of concept (POC) projects which the company is hopeful will “evolve into customer relationships during the 2014 financial year”. The timeframe for the move from POC to full deployments is critical to suppliers in the big data space and WANdisco’s experience indicates revenues could start to flow this year. WANdisco’s recent partnership with Hadoop specialist Cloudera, which complements its existing relationships with SAP and Hortonworks (see here), will also be helping WANdisco’s growth. The combinations will also be making procurement decisions slightly easier and anything that reduces the complexity is a bonus.
There will be more detail in the full results, due March 20, but WANdisco in continuing its strong upward momentum and as a specialist in the big data enabling area is a good indicator of market activity.