Seven Hills has worked with WANdisco since January to boost the profile of the high growth software firm, which has dual headquarters in Sheffield and California.
WANdisco was admitted to trading on the LSE’s market for smaller and growing companies with a market capitalisation of £37m, and raised £15m in gross proceeds for the Group.
To mark the admission to AIM, Seven Hills joined David Richards, chairman and CEO at WANdisco, at the beginning of trading in London this morning.
Commenting on WANdisco’s admission to the London Stock Exchange, the Rt Hon Nick Clegg MP, Deputy Prime Minister and Member of Parliament for Sheffield Hallam, said:
“I’m delighted that WANdisco are moving forward with their plans to expand. It is a real statement of confidence and I’m sure the flotation will ultimately lead to the creation of new jobs. As a local MP, I’m particularly proud that this innovative and fast growing Sheffield-based company continues to go from strength to strength.”
David Richards, CEO at WANdisco, said:
“I am delighted with the success of our significantly oversubscribed Placing and with the strong, supportive response we have received from our new, high-quality institutional shareholder base. We have a clear strategy for growth and the funds raised through our Placing will help us to now deliver on that strategy, opening up new markets, new products and new possibilities both for WANdisco and for its customers.”
Marcus Stuttard, Head of AIM at London Stock Exchange Group, said:
“WANdisco’s flotation is a great example of how AIM supports innovative fast growing companies in delivering on their global growth aspirations. Raising equity capital is the ideal mechanism for ambitious firms to fund innovation, growth and ultimately employment.”
With over 200 customers globally, including AT&T, Aviva, Barclays, Hewlett Packard, Honda, Intel, John Deere, Johnson & Johnson, Juniper Networks, Motorola, NCR, Nokia, NTT and Wal-Mart, WANdisco’s success to date has allowed it to grow organically without any venture capital, angel investors or private equity funding.