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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

Software firm WANdisco suspends shares amid ‘fraudulent irregularities’

WANdisco once sponsored Sheffield Wednesday football club.
WANdisco once sponsored Sheffield Wednesday football club. Photograph: Anna Gowthorpe/PA

The British software company WANdisco has discovered “potentially fraudulent irregularities” in its sales and revenue, and has asked for its shares to be suspended from trading.

In an unexpected trading update to the stock market on Thursday, WANdisco said bosses had uncovered “significant, sophisticated and potentially fraudulent irregularities with regard to received purchase orders and related revenue and bookings, as represented by one senior sales employee”.

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