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WANdisco : FY 23 H1 Interims
September 11, 2023 at 09:52 pm EDT
WANdisco1 PLC
Interim Statement H1 FY23
Stephen Kelly, CEO
Ijoma Maluza, CFO
1 The interim results relate to the Company with the trading name WANdisco PLC. At the AGM on 30 August 2023, shareholders voted in favor of the name change to Cirata PLC. All discussions within the document will adopt the new entity name Cirata PLC.
1 I © Cirata, Inc. I All rights reserved
Introduction
Coming soon
CIRATA PLC
2 I © Cirata, Inc. I All rights reserved
Overview: H1 Trauma of irregular sales activities
Actions to save the company
New Board appointed
New Management: CEO & CFO appointed with strong tech turnaround & growth track record
New name: Commenced rebranding of the Company
Pipeline requalified
Focus pipeline build H2 and beyond
Cost realignment
Realistic & sustainable growth model
Peak headcount March 23 193
Current headcount Aug 23 112
Cost run rate cut from $41m to c $22-23m per annum
$30m Funds raised, and the Company readmitted to trading on AIM
3 I © Cirata, Inc. I All rights reserved
Actions to rebuild a sustainable growth company from the ground up
Re-engage with partners and customers
Direct CEO conversations with all top tier customers Strong customer endorsement for technology solution
New business in H2 pipeline involves partner relationship; strong recovery from existential shock
Closure of recent contracts validates automotive vertical and "continuous use case", and signals rehabilitation
Turnaround Plan launched: 8 workstreams to land on strategic aims
Workstream Score card on progress to date Business as usual from FY24
4 I © Cirata, Inc. I All rights reserved
Overview since June 2023 …continued
Actions to rebuild a sustainable growth company from the ground up
Now established,
Performance monitoring and transparency Much to improve
Cirata PLC the new name for the Company signalling a complete rebranding of the organisation New governance and controls
Multiple changes already in place e.g., new policies, and Go To Market basics
5 I © Cirata, Inc. I All rights reserved
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WANdisco plc published this content on 12 September 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 12 September 2023 01:51:05 UTC .
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Apr. 24
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Cirata sees first quarter bookings drop due to delays
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Transcript : Cirata plc, Q4 2023 Pre Recorded Sales/ Trading Statement Call, Jan 09, 2024
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Dec. 07
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Nov. 21
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23-10-18
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Transcript : Cirata plc, Q3 2023 Sales/ Trading Statement Call, Oct 18, 2023
23-10-18
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23-10-06
MT
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23-10-06
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23-10-05
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23-10-05
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Cirata Secures Three-year Extension for NatWest Data Migration Contract
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WANdisco rebrands as Cirata in "new start for the company"
23-10-04
AN
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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Cirata plc, formerly WANdisco plc, specializes in automating data transfer and integration to modern cloud analytics and artificial intelligence (AI) platforms without downtime or disruption. The Company integrates high-value datasets to cloud platforms for AI activation and analytics insights. Its products consist of Data Migrator, Data Migrator for Azure, Access Control Plus, Gerrit Multisite, Git Multisite, and Subversion Multisite Plus. Data Migrator is a fully automated solution that moves on-premise HDFS data, Hive metadata, local filesystem, or cloud data sources to any cloud or on-premises environment, even while those datasets are under active change. Data Migrator requires zero changes to applications or business operations. Access Control Plus takes a team-based approach to enabling project administrators to manage the complexity of complete and proper authentication (AuthN) and authorization (AuthZ) configuration file generation.
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