WANdisco Plc Purchase of SmartSVN product (3618M)
September 17 2012 - 1:00AM
UK Regulatory
TIDMWAND
RNS Number : 3618M
WANdisco Plc
17 September 2012
17 September 2012
WANdisco plc
("WANdisco" or the "Company")
Purchase of SmartSVN product
WANdisco Completes Purchase of Leading User-Interface for
Subversion
Sheffield, UK - WANdisco (LSE: WAND), a leading provider of
global collaboration software to the software development industry,
announces that it has completed the purchase of SmartSVN from
German software company, Syntevo GmbH.
Launched in 2005, SmartSVN has been widely adopted by software
developers across more than 2,500 companies, including many in the
Fortune Global 500 index. A major key to SmartSVN's success has
been its platform independence, with versions available for
Windows, Linux, Unix and Mac OS X operating systems.
The directors believe that the addition of SmartSVN will afford
WANdisco a number of potentially significant opportunities,
including:
-- Enabling WANdisco to offer a more complete solution that can
encompass both the client and the server;
-- Providing cross-sell potential between SmartSVN users and
WANdisco's Enterprise Subversion product lines;
-- Allowing WANdisco to implement an e-commerce sales model with
a proven product and install base; and
-- Providing a low cost end-user product that can be leveraged
to drive sales in WANdisco's target SME market.
WANdisco will acquire the SmartSVN product for $1,000,000. The
company also has engaged the vendor to provide consulting and
training services to facilitate the smooth integration of SmartSVN
into WANdisco's existing product line.
Commenting on the purchase David Richards, WANdisco Chairman and
Chief Executive Officer, said:
"I am delighted that we have completed the agreement to purchase
SmartSVN. It is proven in the marketplace and the feedback from our
existing customers who have used it for years has been excellent.
Traditionally our products have been used by large global IT
organizations to enable their Subversion servers to perform and
scale with 24/7 availability. Our primary users have been the
Subversion system administrators who maintain the servers in these
organizations. Now SmartSVN will enable us to broaden out our
solution stack to reach Subversion's millions of end-users, as well
as enable us to embolden our efforts to target the important SME
market."
About WANdisco
WANdisco (LSE: WAND) is a leading provider of Apache
Subversion-based software and services for the enterprise. The
company's products include: uberSVN - the new open ALM platform for
Subversion, Subversion MultiSite, Subversion Access Control and
Subversion Clustering. Fortune Global 1000 companies such as
AT&T, Intel, Honda, Nokia, Juniper Networks and Motorola rely
on WANdisco's Subversion solutions for enterprise-class
performance, scalability and 24-by-7 availability. A recent
Forrester Total Economic Impact (TEI) study of WANdisco's
Subversion MultiSite revealed a 167% return on investment with a
nine-month payback period. Subversion is recognized by Forrester as
the sole leader in the Standalone Software Configuration Management
(SCM) category. For more information, please visit us at:
http://www.wandisco.com.
About Apache Subversion
Apache Subversion (SVN) is a version control system initiated in
2000. It is used to maintain current and historical versions of
files such as source code, web pages, and documentation. Its goal
is to be a mostly-compatible successor to the widely used
Concurrent Versions System (CVS). In a 2007 report by Forrester
Research, Subversion was recognized as the sole leader in the
Standalone Software Configuration Management (SCM) category and a
strong performer in the Software Configuration and Change
Management (SCCM) category. Subversion is released under the Apache
License, making it free software. For more information, please
visit:
http://subversion.apache.org.
For further information please contact:
WANdisco plc:
David Richards, Chairman and Chief via FTI Consulting
Executive Officer
Nick Parker, Chief Financial Officer
FTI Consulting: +44 (0)20 7831 3113
Matt Dixon / Sophie McMillan / Jon
Snowball
Panmure Gordon & Co. +44 (0)20 7886 2500
Fred Walsh / Giles Stewart (Corporate
Finance)
Adam Pollock, Charles Leigh-Pemberton
(Corporate Broking)
Subversion and the Subversion logo are trademarks of the Apache
Software Foundation.
All product and company names herein may be trademarks of their
registered owners.
Ends
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