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The Latest Breaking News from WANdisco

Former WANdisco execs asked to hand back their bonuses after shares plunge

WANdisco has asked its former execs to hand repay over half a million pounds in bonuses after the value of the troubled tech firm collapsed.

Evening Standard

Millionaire WANdisco founders’ wealth evaporates after tech firm rejoins stock exchange

Tens of millions have been wiped from the wealth of the founders of WANdisco after shares in the scandal-hit tech business plummeted 96% as its stock was re-admitted to trading for the first time in months.

Evening Standard

WANdisco puts back return of shares as £23.5m fundraise under way

A new update told investors to expect readmission to AIM later this month

Birmingham Post

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New WANdisco boss shares 'surprise and disappointments' after 'wasted year'

Preliminary results have been issued following a period in which the Yorkshire firm was hit by a potential fraud

Birmingham Post

Shareholders back WANdisco turnaround plan and $30m fundraise

The firm is also planning to change its name in an effort to put a damaging potential fraud behind it

Birmingham Post

WANdisco warns it will run out of cash in two months as it seeks ‘urgent’ $30 million capital raise

Beleaguered tech firm WANdisco has sounded the alarm on its cash levels as it seeks a speedy $30 million capital raise to avert its demise.

Evening Standard

WANdisco appoints former Sage boss Stephen Kelly as interim CEO

Beleaguered tech firm WANdisco has appointed former Sage boss Stephen Kelly as its interim CEO as it prepares to lift its share suspension amid an investigation into potential fraud by an employee.

Evening Standard

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WANdisco appoints Stephen Kelly as interim chief executive amid crisis

The former Sage chief executive says he is looking forward to the turnaround role

Birmingham Post

Redundancies at crisis-hit WANdisco in bid to put company on level footing

Staff across the business' Yorkshire and US operations are being consulted

Birmingham Post

Scandal-hit WANdisco to cut 30% of jobs

WANdisco’s shares have been suspended since it uncovered $115 million worth of “potentiall fraudulent” sales in March

Evening Standard

WANdisco confirms £12m impact of fraud investigation as findings handed to auditors

A Financial Conduct Authority investigation is also underway

Birmingham Post

Woodford fund investors offered up to £235m in FCA’s redress scheme

However, the deal is conditional on the completion of a sale of Link Group’s fund solution business to Waystone Group

Evening Standard

WANdisco faces financial watchdog investigation following potential fraud

The Yorkshire tech firm has confirmed moves by the Financial Conduct Authority to look at more than a year's worth of financial statements

Birmingham Post

FCA investigates WANdisco amid fraud concerns

The UK’s finance watchdog has begun an investigation into beleaguered tech firm WANdisco amid concerns over fraud.

Evening Standard

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Evening Standard

WANdisco CEO and CFO quit as fraud investigation finds $115 million black hole in finances

The data firm now says that bookings should have been $11.4 million rather than $127 million

Evening Standard

Troubled tech firm WANdisco hires rubbish firm boss to run fraud investigation

Ken Lever, who previously chaired waste management business Biffa, has been brought in as the firm’s interim chair

Birmingham Post

WANdisco appoints Ken Lever as chair to lead investigation into potential fraud

The veteran senior business leader joins WANdisco amid a suspension of its shares

The Guardian - UK

Software firm WANdisco suspends shares amid ‘fraudulent irregularities’

Questions raised over viability after company says revenue for 2022 could plunge from reported $24m to $9m

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Evening Standard

WANdisco discovers major fraud and asks for its shares to be suspended in shock to the City

News comes days after data business announced it was eyeing a US listing

Birmingham Post

WANdisco shares to be suspended amid potential fraud that casts doubt over firm's future

The firm said the discovery substantially changed its financial position

Evening Standard

Rising software star WANdisco deals fresh blow to London market with US listing proposal

The timing could not have been worse, with the announcement coming as the third of its kind in as many trading days

The Guardian - UK

Labour proposes long-term tax breaks to increase UK investment and growth

News comes after top company bosses criticise government energy policy for failing to spur investment

The Guardian - UK

UK construction sector rebounds ‘as recession fears fade’; car sales jump 26% – as it happened

Encouraging economic signs as construction activity rises at fastest rate for nine months in February, and UK car market grows for seventh month running

Birmingham Post

Tech firm WANdisco confirms it is exploring plans to list in America

The Sheffield firm also has a base in California and says it has previously voiced plans for a dual listing

Birmingham Post

WANdisco secures £7.2m contract with unnamed industrial and consumer goods client

The Yorkshire plc says it has signed an initial agreement to perform a one-off project to migrate data to the cloud for the global name

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