Wandisco files paperwork for Cirata rebrand

(Sharecast News) - Technology developer Wandisco confirmed on Wednesday that it has now filed all paperwork related to its rebrand as Cirata.

On 30 August, at the group's annual general meeting, shareholders voted overwhelmingly in favour of a change of name to Cirata. Name change documents have since been presented to the Jersey registry, with the firm stating it "felt the time was right" to be renamed as part of a broad and extensive rebranding program.

The AIM-listed group said that with Cirata as "a new canvas", it was creating "a sharper and more compelling vision" for the company. It added that the rebranding, expected to take effect on 5 October, does not alter its business operations or financial framework.

Chief executive Stephen Kelly said: "This is the 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."

As of 1130 BST, Wandisco shares were down 1.59% at 62.0p.

Reporting by Iain Gilbert at Sharecast.com