Software firm WANdisco suspends shares amid ‘fraudulent irregularities’

Questions raised over viability after company says revenue for 2022 could plunge from reported $24m to $9m

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".