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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Software & services

WANdisco renews contract with Tesco in small piece of good news

WANdisco has announced a £200,000 contract renewal for a software support and maintenance contract with Tesco.

Explaining the announcement of such a relatively small deal, WANdisco said it was to highlight its programme of re-engagement with current and new customers.

The software company has been rocked by a potential inflated sales fraud scam, the laying off of a third of its staff and the departure of both its chief executive and finance head.

In April, UK financial regulator the FCA launched a probe into the potential "material misstatement" of its true financial position after around US$115mln of unaccounted-for bookings were uncovered.

Shares in the group are currently suspended.

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