Panmure Gordon & Co, a leading institutional stockbroker and investment bank, advised on the placing of 2 million new ordinary shares in Software provider WANdisco PLC (WAND.LN) via an accelerated book-building process.

The shares were placed with institutional investors at 950 pence per share raising approximately £19 million.

Commenting on the announcement, David Richards, CEO of WANdisco PLC, said: “The funds raised today permit us to continue with even greater conviction and at a faster speed along our strategic path. We will work from here to capitalize on the multiple opportunities for growth open to us, building further upon the clear lead we have in ALM and the exciting first-mover advantage we have in the rapidly evolving Big Data space.”