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IN BRIEF: WANdisco Inks USD3 Million Contract With US Telecom Company

Mon, 30th Nov 2020 17:00

WANdisco PLC - Sheffield-based data-management software company - Wins USD3 million contract with an unnamed "major" US telecommunications companies to migrate one of its on-premises data lakes to Microsoft Azure. Majority of the contract value will be recognised in 2020. States the client also has over 30 petabytes of data that will be required to move to the cloud in the future.

"This is a landmark deal in our relationship with Microsoft Azure. This opportunity with one of the worlds' largest telecommunications companies is a fascinating case study for the power and uniqueness of our technology, with further migration potential in the coming years. The public availability of our LiveData Platform for Azure has continued to build a growing pipeline of promising opportunities," says WANdisco Chief Executive & Co-founder David Richards.

Current stock price: 470.00 pence

Year-to-date change: up 5.6%

By Ife Taiwo; ifetaiwo@alliancenews.com

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11 Jul 2023 08:28

WANdisco announces one-year FordDirect contract for USD7,680

(Alliance News) - WANdisco PLC on Tuesday announced its first contract with FordDirect, which will last for one-year, for WANdisco's data migrator product.

10 Jul 2023 09:36

WANdisco renews contract with Tesco Stores

(Sharecast News) - Data specialist WANdisco announced the renewal of its software support and maintenance contract with Tesco Stores on Monday.

10 Jul 2023 08:46

WANdisco secures GBP200,000 renewal by Tesco for software support

(Alliance News) - WANdisco PLC on Monday said its software support and maintenance contract with Tesco Stores Ltd, part of Tesco PLC, has been renewed for a further two-year term.

7 Jul 2023 08:28

WANdisco confirms settlement of fundrasie and admissions of shares

(Alliance News) - WANdisco PLC on Friday confirmed the fundraise and admission of shares are now expected to take place on July 25.

4 Jul 2023 11:01

WANdisco successfully raises $30m

(Sharecast News) - WANdisco's fundraising went off with a hitch.

4 Jul 2023 09:22

WANdisco raises USD30 million in equity; aims to restore share trading

(Alliance News) - WANdisco PLC on Tuesday confirmed it completed a USD30 million fundraise, as it attempted to have its shares resume trading on the AIM market and recover investor support after suffering a fraud earlier this year.

3 Jul 2023 18:57

IN BRIEF: WANDisco in USD30 million fundraise to support turnaround

WANdisco PLC - Sheffield, England-based data migration platform - Launches USD30 million fundraise at 50 pence per share. Explains this will comprise a placing of shares, a direct subscription for shares by certain third party investors and a direct subscription for shares by some Directors and members of management. Proceeds will provide working and growth capital to support the turnaround plan which is focused on cash break even targeted during financial year 2024 to financial year 2025. Directors and management have indicated their intention to subscribe for shares worth USD798,644. Says the offer shares will represent around 71% of the company's share capital. Says fundraise will allow WANdisco to begin to take advantage of the opportunities ahead and give sufficient capital to continue as a going concern.

29 Jun 2023 11:58

WANdisco records narrowed annual loss and jump in revenue

(Alliance News) - WANdisco PLC on Thursday reported a narrowed annual loss as revenue rose, as it expects a "different" 2023.

28 Jun 2023 20:20

WANDisco's delayed results and fundraise pushed back into next week

(Alliance News) - WANdisco PLC on Wednesday pushed back the announcement of its already delayed 2022 results and equity issue into next week.

26 Jun 2023 20:05

TRADING UPDATES: WANDisco in extra cost savings; SRT raises GBP750,000

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Monday and not separately reported by Alliance News:

26 Jun 2023 09:21

IN BRIEF: WANdisco inks deal with Accenture for Data Migrator use

WANdisco PLC - Sheffield, England-based data migration platform - Signs new two-year agreement with Dublin-based professional services company Accenture PLC for its WANdisco Data Migrator. Says the deal is worth USD113,125, and will support the data modernisation programme for an unnamed "leading Australian bank". Adds it expects to recognise revenue from the contract from the second quarter of 2023 onwards.

26 Jun 2023 07:56

LONDON BRIEFING: Stocks firm; Aston Martin signs Lucid, Mercedes deals

(Alliance News) - Stocks in London were set to start the new week marginally lower, with financial markets unfazed by a failed revolt by a mercenary army in Russia over the weekend.

15 Jun 2023 14:24

IN BRIEF: WANdisco says UK FCA extends investigation timeline

WANdisco PLC - Sheffield, England-based data migration platform - Says UK Financial Conduct Authority extends time period for its investigation. No further details have been provided. This relates to announcements released by WANdisco during the period January 1, 2022 to March 9, 2023 which may have materially misstated the company's financial position.

15 Jun 2023 11:00

Regulator extends WANdisco fraud probe

(Sharecast News) - An investigation into potential fraud at WANdisco has been extended, the embattled big data specialist confirmed on Thursday.

9 Jun 2023 11:14

Embattled WANdisco set to go ahead with fundraising

(Sharecast News) - Embattled data specialist WANdisco said in an update on Friday that it will move forward with its fundraising plan, after the successful passing of all resolutions at its shareholder meeting on 6 June.

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