EMBATTLED data firm Wandisco yesterday confirmed it will rebrand as Cirata as it looks to move on from a major fraud scandal that saw it write off over $100m in bookings earlier this year.

London-listed Wandisco suspended trading on the London Stock Exchange when it was forced to write off over $115m in sales bookings after uncovering "potentially fraudulent irregularities" on its books in March.

The firm has since been on a major turnaround plan and called in tech veteran Stephen Kelly as chief executive to try and steady the ship.

In a statement yesterday, Kelly said it was "time to focus our attention on the future".

"The rebranding of the Company to Cirata is not just a name change, it is a new start for the Company, and will positively impact every aspect of our business. We are excited to have this opportunity for Cirata to become a global market leader," he added.

The rebranding of the firm will not alter its business operations or financial framework.

Bosses said the firm's turnaround was "quickly gaining momentum".

(c) 2023 City A.M., source Newspaper