Wandisco’s timeline of mystery, intrigue, and secrecy

June 1, 2012: Wandisco, “a leading provider of global collaboration software to the software development industry,” is afloat in London’s junior market with a market cap of £37m. Panmure Gordon is named Nomad after raising £15million gross for the company.

11/19/2012: Wandisco buys AltoStor, a California startup, for $1.5 million in cash and $3.6 million in equity. AltoStor is the developer of Haloop, an open-source network data synchronization tool that will become the core of Wandisco’s product range.

11/26/2024: Wandisco announces a deal with a “US credit card and financial services company,” which it doesn’t name.

January 8, 2015: Wandisco announces a $750,000 contract extension with British Gas for smart meter analytics.

December 23, 2015: Wandisco announces a deal “with a new financial services customer,” which it doesn’t name, and “a scale-up deal with an existing telecoms customer,” which it doesn’t name.

June 10, 2016: Wandisco raises $15 million in stock placement.

09/29/2016: Founder CEO David Richards is fired.

October 6, 2026: Richards is reinstated and most board members resign.

September 25, 2018: Wandisco announces a “first $200,000 contract win with a major automotive customer,” which it doesn’t name.

November 5, 2018: Wandisco announces “a $1 million deal with China’s leading information and communications technology provider,” which it doesn’t name.

December 27, 2018: Wandisco announces a $700,000 deal “with a major American managed healthcare company,” which it doesn’t name.

February 14, 2019: Wandisco raises $17.5 million with a share placement.

April 1, 2019: Wandisco announces a $2.15 million deal with “a global leader in ICT infrastructure and smart devices in China,” which it doesn’t name.

June 26, 2019: Wandisco announces a $750,000 deal with “one of the largest cellphone makers in the world based in China,” which it doesn’t name.

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

November 26, 2019: Wandisco announces “a deal worth more than $500,000 with a Fortune 500 technology company,” which it doesn’t name.

December 3, 2019: Wandisco announces “about $1 million worth of contracts” with “a major US financial institution,” which it doesn’t name, and with “a global hi-tech company,” which it doesn’t name.

December 12, 2019: Wandisco announces a “contract extension” worth about $1 million “with an existing customer from China,” which it doesn’t name.

November 1, 2020: Wandisco announces “an initial deal worth up to $1m with a major UK supermarket” which it doesn’t name,

11/30/2020: Wandisco announces “a $3 million deal with one of the largest telecom companies in the world,” which it doesn’t name.

09/30/2021: Wandisco announces a contract “worth at least $1 million over a maximum term of five years” with “the analytics department of one of the world’s largest telecom companies,” which it does not name.

March 10, 2021: Wandisco raises $30 million with a share placement.

December 9, 2021: Wandisco announces a deal “worth at least $6 million over five years” with “a major European automotive supplier,” which it doesn’t name.

December 13, 2021: Wandisco announces “a deal with one of the UK’s top five banking groups,” which it doesn’t name.

December 20, 2021: Wandisco announces “a three-year, $3.3 million license agreement with a major North American multinational investment bank,” which it does not name.

March 23, 2022: Wandisco announces “a $1.5 million deal with one of the top 10 telecom companies in the world,” which it doesn’t name.

March 31, 2022: Wandisco announces “a $1.2 million follow-up agreement with the top 10 global communications companies,” which it doesn’t name.

April 5, 2022: Wandisco announces “a $630,000 deal with one of the largest insurance groups in Europe,” which is unnamed.

April 6, 2022: Wandisco announces a “$720,000 deal with one of the top 10 retailers in the world,” which it doesn’t name.

April 7, 2022: Wandisco announces “a $213,000 deal with a world-leading PC vendor,” which it doesn’t name.

June 28, 2022: WANdisco announces “its largest deal to date, valued at $11.6 million, with a top 10 global communications company,” which is unnamed.

June 30, 2022: Wandisco announces two deals totaling $2.5 million “with leading information and communications technology vendors,” which it doesn’t name.

July 6, 2022: Wandisco announces a $1.1 million deal “with a major financial services firm in Canada,” which it doesn’t name.

09/21/2022: Wandisco announces “its largest deal ever, valued at $25 million, with a top 10 global communications company,” which it doesn’t name.

October 4, 2022: Wandisco Announces a “Follow-Up Agreement Valued at $7.1M. . . at a major European automotive supplier” she does not mention.

December 13, 2022: Wandisco announces “a follow-up agreement valued at an additional $13.2 million. . . at a major European automotive supplier” she does not mention.

December 20, 2022: Wandisco announces “a $31 million agreement with a second Tier 1 global telecom carrier,” which it doesn’t name.

December 22, 2022: Wandisco announces a deal “worth $12.7 million with a global European automaker,” which it doesn’t name.

January 10, 2023: Wandisco announces a deal “worth $6.6 million with a Europe-based global telecoms service provider,” which it doesn’t name.

March 3, 2023:

March 7, 2023: Panmure Gordon, Wandisco’s joint Nomad on and off since the IPO, will be replaced by Liberum effective immediately

March 9, 2023: Wandisco announces it has suspended shares due to “material, sophisticated and potentially fraudulent irregularities relating to orders received and related earnings and bookings, represented by a senior sales representative,” which it does not name.

https://www.ft.com/content/3f6aeb3d-f977-4236-afaa-e3127749fa00 Wandisco’s timeline of mystery, intrigue, and secrecy

Brian Ashcraft

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