WANdisco Plc Automotive contract win (7748B)
September 25 2018 - 2:02AM
UK Regulatory
TIDMWAND
RNS Number : 7748B
WANdisco Plc
25 September 2018
25 September 2018
WANdisco plc
("WANdisco," the "Company" or the "Group")
Automotive contract win
Subscription based contract expected to grow over time
WANdisco (LSE: WAND), the LiveData company, has been selected by
a global automotive and truck manufacturer to deploy the Company's
live data platform, WANdisco Fusion. Following an extensive pilot,
the company selected WANdisco Fusion as the standard for hybrid
cloud and cloud migration for Microsoft Azure where business
critical data will reside in both on-premises and the cloud.
The initial contract is worth $200k on an annualised recurring
revenue basis and the project will commence in October 2018. The
initial contract covers less than 3% of the customer's data pool
and the customer has identified over 20 projects that require
WANdisco Fusion. Accordingly, it is expected that the value of the
total contract will grow to a multi-million dollar annualised value
over the coming years.
Both hybrid-cloud and cloud migration are LiveData use cases
where, in order to take advantage of the significant benefits of
cloud, customers must be able to move data without interruption to
business operations.
WANdisco Fusion is the only solution that can enable
organisations to seamlessly move large volumes of data with
consistent and continuous availability whilst meeting regulatory
requirements. WANdisco's patented technology ensures our customers
are able to multiply the impact of their IT investment to support
exponential data growth without growing the IT budget.
David Richards, Chief Executive Officer and Chairman of
WANdisco, commented:
"This is a significant contract win, illustrating the strategic
importance of our partnership with Microsoft. This is an excellent
example of how our cloud subscription contracts will work in the
future, as we execute on a land and expand strategy, and look to
scale the agreement substantially over the coming years.
WANdisco Fusion, in partnership with Microsoft Azure, remains
the only solution that enables the hybrid-cloud, multi-cloud and
seamless migration of critical live data for businesses of this
scale."
For further information please contact:
WANdisco plc via FTI Consulting
David Richards, Chief Executive Officer and Chairman
Erik Miller, Chief Financial Officer
FTI Consulting +44 (0)20 3727 1137
Matt Dixon / Harry Staight / Leah Dudley / Kwaku Aning
Stifel (Joint Broker and Nomad) +44 (0)20 7710 7600
Fred Walsh / Neil Shah / Alex Price / Rajpal Padam
Peel Hunt (Joint Broker)
Edward Knight / Nick Prowting +44 (0)20 7418 8900
WH Ireland Limited (Joint Broker)
Adam Pollock / Tim Feather +44 (0)20 7220 1666
About WANdisco
WANdisco is shaping the future of data infrastructure with its
groundbreaking Live Data platform, enabling companies to put all
their data to work for the business - all the time, at any
scale.
WANdisco makes data always available, always accurate, and
always protected, delivering hyperscale economics to support
exponential data growth with the same IT budget. With significant
OEM relationships with IBM and Dell EMC and go-to-market
partnerships with Amazon Web Services, Cisco, Microsoft Azure,
Google Cloud, Hewlett Packard Enterprise, Oracle and other industry
titans - as well as hundreds of customers among the Global 2000 -
WANdisco is igniting a Live Data movement worldwide.
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END
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