WANdisco Plc WANdisco secures two new record contracts (0768M)
October 10 2016 - 2:00AM
UK Regulatory
TIDMWAND
RNS Number : 0768M
WANdisco Plc
10 October 2016
10 October 2016
WANdisco plc
("WANdisco" or the "Company")
WANdisco secures two new record contracts
Big Data contract
WANdisco (LSE: WAND) a leading provider of enterprise-ready,
non-stop software solutions, is pleased to announce it has secured
a significant new Big Data contract through a large Oracle
reseller. The end customer is a leading US financial services
institution. This contract, secured in conjunction with WANdisco's
partnership with Oracle, is the largest so far for WANdisco's
Fusion Big Data product and is valued at $1.5 million.
The end customer joins a growing list of companies using a
combination of WANdisco Fusion and Hadoop for storing and analysing
huge amounts of unstructured data running on Oracle's Big Data
Appliance ("BDA").
ALM contract
In addition, WANdisco also secured its largest deal in two years
for its Subversion MultiSite Plus ALM (application lifecycle
management) software with a major global bank headquartered in
Europe. The value of the deal is $775,000.
David Richards, WANdisco Chief Executive Officer, comments:
"We're delighted to have secured two important contracts both in
terms of size and market opportunity that help us towards our
targets for this financial year and beyond. The Big Data contract
win is testament to the progress our product is now having across
the market. The end customer is one of Oracle's largest BDA
customers and joins a growing list of companies using WANdisco
Fusion with Oracle BDA for critical analytics applications that
require continuous availability across multiple locations.
"Our new business pipeline for cloud solutions continues to
grow. We remain focused on delivering our objectives of growing
revenues, controlling our cost base, becoming cash flow breakeven
and taking the market opportunity that is open to us."
For further information, please contact:
WANdisco plc via Vigo Communications
David Richards, CEO and Interim
Chairman
+44 (0)207 830
Vigo Communications 9700
Jeremy Garcia / Fiona Henson
/ Antonia Pollock
+44 (0)207 597
Investec (Joint Broker and NOMAD) 4000
Christopher Baird / Dominic
Emery
UBS (Joint Broker) +44 (0)207 567
Rahul Luthra / Sandip Dhillon 8000
About WANdisco plc
WANdisco (LSE: WAND) is a provider of enterprise-ready, non-stop
software solutions that enable globally distributed organizations
to meet today's data challenges of secure storage, scalability and
continuous availability. WANdisco's products are differentiated by
the company's patented, active data replication technology, serving
crucial continuous availability requirements, including Hadoop Big
Data and Application Lifecycle Management (ALM), including Apache
Subversion and Git. Fortune Global 1000 companies, including
Juniper Networks, Motorola, Intel and Halliburton, rely on WANdisco
for performance, reliability, security and availability. For
additional information, please visit www.wandisco.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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