DLA Piper has advised WANdisco on a £19 million placing, issuing two million shares to capitalise on growth opportunities, especially in big data.

DLA Piper previously advised WANdisco on its fundraising on London's AIM market, in the first UK initial public offering (IPO) of an open source software company, raising £15 million.

The DLA Piper team acting on the transaction was led by Jon Kenworthy, a partner in the Corporate practice who has particular expertise in initial and secondary public equity offerings. Jon worked alongside partner Rob McKie, also in Corporate.

Jon Kenworthy said: "It is a great pleasure to have advised WANdisco once again, and the level of interest in these shares is an assertion to the quality of their business."

WANdisco chief executive David Richards said: "I am hugely encouraged by the significant level of support we have received from our existing shareholders, and from those new institutions which have today chosen to participate in our growth story.

"The funds raised today permit us to continue with even greater conviction and at a faster speed along our strategic path.

"We will work from here to capitalise on the multiple opportunities for growth open to us, building further upon the clear lead we have in ALM and the exciting first-mover advantage we have in the rapidly evolving Big Data space."

WANdisco is a leading provider of global collaboration software to the software development industry. Founded in 2005, WANdisco has substantial operations in Sheffield's Digital Campus and remains one of the UK's fastest growing software companies.

Panmure Gordon acted as bookrunner in connection with the placing.