WANDISCO, the software company that specialises in distributed computing solutions, announced yesterday the appointment of UBS as its joint corporate broker.
UBS will join Panmure Gordon which operates as the company’s current broker and nominated advisor. WANdisco said the change was due to its ongoing US expansion as the London-listed company continues its rapid growth.
The company denied that the move was to prepare for a transfer from London’s Alternative Investment Market to the main market.
The team at UBS will be led by managing director Tim Pratelli. WANdisco’s share price has risen more than 200 per cent since January and closed yesterday at 1,314p.