WANdisco Plc Contract win with world leading computer vendor (5510H)
April 07 2022 - 2:02AM
UK Regulatory
TIDMWAND
RNS Number : 5510H
WANdisco Plc
07 April 2022
7 April 2022
WANdisco plc
("WANdisco" or the "Company")
Contract win with world leading computer vendor
Continued momentum in cloud migration opportunities for
WANdisco's LiveData Migrator
WANdisco (LSE: WAND), the LiveData company , is pleased to
announce that it has signed a contract worth $213k with a world
leading personal computer vendor (the "Customer").
Using its LiveData Migrator ("LDM") solution, WANdisco will help
the Customer to migrate a subset of data from its existing Hadoop
environment to cloud-native systems that can be run in the public
cloud. The current opportunity is to migrate 1.35 petabytes of data
and this figure will grow over time through normal production
usage, meaning there is potential for revenues to scale further as
time progresses and more data is migrated.
WANdisco's LDM solution was chosen as it ensures the data is
kept up to date during migration, meaning the Customer is not
required to manually refresh the new environment. This guarantees
minimal business disruption, data consistency and security during
the process. WANdisco was the recommended provider of choice for
the Customer's IT partner who had previous experience working with
WANdisco's solutions.
David Richards, CEO and Co-founder of WANdisco said:
"There is a clear business need for companies across sectors to
move increasing amounts of data to cloud native systems. Our LDM
solution supports complete and continuous replication of data sets
at any scale, ensuring these critical migrations can take place
quickly with zero business disruption. This capability makes
WANdisco well placed to continue converting on a strong pipeline of
cloud migration opportunities."
For further information, please contact:
WANdisco plc via FTI Consulting
David Richards, Chief Executive Officer
and Chairman
Erik Miller, Chief Financial Officer
+44 (0)20 3727
FTI Consulting 1137
Matt Dixon / Kwaku Aning / Tom Blundell
+44 (0)20 7710
Stifel (Nomad and Joint Broker) 7600
Fred Walsh / Richard Short
Panmure Gordon (Joint Broker) +44 (0)20 7886
Erik Anderson / Alina Vaskina 2500
This announcement contains inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR") as
retained as part of UK law by virtue of the European Union
(Withdrawal) Act 2018 as amended. Market Soundings, as defined in
MAR, were taken in respect of the proposed Placing with the result
that certain persons became aware of this inside information, as
permitted by MAR. Upon the publication of this announcement, this
inside information is now considered to be in the public domain.
The person responsible for arranging for the release of this
announcement on behalf of WANdisco is David Richards, Chief
Executive Officer and Chairman of WANdisco.
About WANdisco
WANdisco is the LiveData company. WANdisco solutions enable
enterprises to create an environment where data is always
available, accurate and protected, creating a strong backbone for
their IT infrastructure and a bedrock for running consistent,
accurate machine learning applications. With zero downtime and zero
data loss, WANdisco's products keep geographically dispersed data
at any scale consistent between on-premises and cloud environments
allowing businesses to operate seamlessly in a hybrid or
multi-cloud environment. WANdisco has over a hundred customers and
significant go-to-market partnerships with Microsoft Azure, Amazon
Web Services, Google Cloud, Oracle, and others as well as OEM
relationships with IBM and Alibaba. For more information on
WANdisco, visit http://www.wandisco.com . www.wandisco.com
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END
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