Wandisco’s timeline of mystery, intrigue and non-disclosure

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June 1, 2012: Wandisco, “a leading provider of global collaboration software to the software development industry,” floats on London’s junior market with a market capitalisation of £37mn. Panmure Gordon is appointed Nomad, having raised £15mn gross for the company.

November 19, 2012: Wandisco buys AltoStor, a California startup, for $1.5mn in cash and $3.6mn in equity. AltoStor is the developer of Haloop, an open-source tool for synchronising network data that will become the core of Wandisco’s product set.

November 26, 2024: Wandisco announces a contract with a “US-based credit card and financial services company” it does not name.

January 8, 2015: Wandisco announces a contract extension worth $750k with British Gas for smart meter analytics.

December 23, 2015: Wandisco announces a contract “with a new customer in financial services”, which it does not name, and “a scale-up deal with an existing customer in telecommunications”, which it does not name.

June 10, 2016: Wandisco raises $15mn with a share placing.

September 29, 2016: Founder CEO David Richards is ejected.

October 6, 2026: Richards is reinstated and most of the board resigns.

September 25, 2018: Wandisco announces an “initial $200k contract win with a major automotive customer” it does not name.

November 5, 2018: Wandisco announces “a $1mn contract with the leading information and communications technology provider in China,” which it does not name.

December 27, 2018: Wandisco announces a $700k contract “with a major American managed healthcare company” it does not name.

February 14,2019: Wandisco raises $17.5mn with a share placing.

April 1, 2019: Wandisco announces a contract worth $2.15mn with “a leading global provider of ICT infrastructure and smart devices in China,” which it does not name.

June 26, 2019: Wandisco announces a contract worth $750k with “one of the largest manufacturers of mobile handsets in the world, based in China,” which it does not name.

November 20, 2019: Wandisco announces a distribution contract of undefined value “with Micro-D, one of Africa’s most established IT companies.”

November 26, 2019: Wandisco announces “a contract valued at more than $500k with a Fortune 500 technology company” it does not name.

December 3, 2019: Wandisco announces “contracts valued at around $1mn” with “a large US financial institution” it does not name, and with “a global hi-tech company” it does not name.

December 12, 2019: Wandisco announces a “contract expansion” worth in the region of $1mn “with existing China based customer” it does not name.

November 1, 2020: Wandisco announces “an initial deal worth up to $1mn with a major British supermarket,” which it does not name,

November 30, 2020: Wandisco announces “a contract worth $3mn with one of the world’s largest telecommunications companies”, which it does not name.

September 30, 2021: Wandisco announces a contract “worth a minimum of $1mn over a maximum term of five years” with “the analytics division of one of the world’s largest telecommunications companies,” which it does not name.

March 10, 2021: Wandisco raises $30mn with a share placing.

December 9, 2021: Wandisco announces a contract “valued at a minimum of $6mn over five years” with “a large European automotive components supplier” it does not name.

December 13, 2021: Wandisco announces “a contract with a top five UK banking group” it does not name.

December 20, 2021: Wandisco announces “a $3.3mn three-year license contract with a large North American multinational investment bank” it does not name.

March 23, 2022: Wandisco announces “a deal worth $1.5mn with a top ten global telecommunications company” it does not name.

March 31, 2022: Wandisco announces “a follow-on agreement worth $1.2mn with the top ten global communications company” it does not name.

April 5, 2022: Wandisco announces “a contract worth $630k with one of the largest insurance groups in Europe,” which is does not name.

April 6, 2022: Wandisco announces a “contract worth $720k with a top 10 global retailer” it does not name.

April 7, 2022: Wandisco announces “a contract worth $213k with a world leading personal computer vendor” it does not name.

June 28, 2022: WANdisco announces “its largest ever contract with a value of $11.6mn with a top ten global communications company” it does not name.

June 30, 2022: Wandisco announces two contracts worth $2.5mn in aggregate “with leading information and communications technology providers” it does not name.

July 6, 2022: Wandisco announces a contract valued at $1.1mn “with a large financial services firm in Canada” it does not name.

September 21, 2022: Wandisco announces “its largest ever contract with a value of $25mn with a top ten global communications company” it does not name.

October 4, 2022: Wandisco announces a “follow-on agreement worth $7.1mn . . . with a large European automotive components supplier” it does not name.

December 13, 2022: Wandisco announces “a follow-on agreement worth a further $13.2mn . . . with a large European automotive components supplier” it does not name.

December 20, 2022: Wandisco announces “an agreement worth $31mn with a second tier 1 global telecommunications supplier” it does not name.

December 22, 2022: Wandisco announces a contract “worth $12.7mn with a global European based automotive manufacturer” it does not name.

January 10, 2023: Wandisco announces a contract “worth $6.6mn with a European-based global telecommunications service provider” it does not name.

March 3, 2023:

March 7, 2023: Panmure Gordon, having been Wandisco’s joint Nomad on and off since flotation, is replaced with immediate effect by Liberum

March 9, 2023: Wandisco announces it has suspended shares due to “significant, sophisticated and potentially fraudulent irregularities with regard to received purchase orders and related revenue and bookings, as represented by one senior sales employee” it does not name.

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