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WANdisco party on hold

RESULT: The share price of WANdisco, a young UK tech firm, has more than doubled since its June IPO
October 4, 2012

Shares in young tech firm WANdisco (WAND) have been hot property since the Aim-traded company came to the market in June, having raised $26m (£16.2m) in an oversubscribed IPO.

IC TIP: Hold at 370p

There are good reasons to get excited about WANdisco. The company's licensed software allows servers, dotted in different parts of the world, to stay synchronised. So, when data changes are made locally, the changes can be seen immediately elsewhere. By allowing collaboration across distributed servers - WANdisco is an abbreviation of wide area network distributed computing - the Sheffield-based outfit allows multinational corporations to work more efficiently. Moreover, the company is sitting on patent-pending technology, DConE, which enables the continuous synchronisation between servers.

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