LONDON (ShareCast) - WANdisco, an AIM-listed software company, posted a record fourth quarter performance for subscription bookings, up 71 per cent year-on-year.

This meant full year bookings totalled $14.8m (FY 2012: $7.92m), representing year-on-year growth of 87%.

The group also reported rapid growth in its application lifecycle management (ALM) business, driven both by the addition of new, blue-chip customers and by the renewal of subscriptions by existing customers. ALM bookings in the fourth quarter totalled $4.3m (Q4 2012: $2.5m), representing 71% year-on-year growth.

Good progress was also made in the Big Data market, with a number of proof-of-concept projects underway.

Chairman and Chief Executive David Richards said: "This is a record fourth quarter bookings performance for our business, following what was also a record bookings performance in the third quarter.

"We have secured exciting proofs of concept for our Big Data solutions with blue-chip organisations, further proving the strength of our offering here. These are a direct result of the strategic channel partnerships we built last year with Cloudera and Hortonworks and we are delighted that this strategy is producing results so quickly."

NR

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