2 years ago

WANdisco Secures £24 Million Lifeline Amid Fraud Investigation

  • WANdisco, a UK-based data firm, has secured £24 million in funding following an internal fraud investigation

  • The company's shares were suspended on the AIM market after discovering that its 2022 revenues were significantly lower than reported

  • The funding will help stabilize the company as it seeks to return to trading.

      • ProblemTechnology

      "WANdisco needs to secure funding to continue operations and recover from the financial and reputational damage caused by potential fraud and subsequent investigations."

      Solution

      "WANdisco has secured £24m in funding through the issuance of new shares to investors, aiming to stabilize the company and potentially return to trading on the AIM market."

      Covered on