WAND.L Share News (WAND)

(Sharecast News) - Live data company WANdisco said on Wednesday that it had completed a significant data migration to Microsoft's Azure cloud for "a major client".
WANdisco said the migration, transacted through Microsoft on a consumption basis, demonstrated its continued momentum with LiveData Migrator, which was also embedded within the Azure ecosystem.

The AIM-listed group said its unnamed client, which owns and operates Canada's largest railway, plans to engage it to mutually evaluate future use cases for LiveData Migrator.

While WANdisco stated the scope of the current opportunity was 70 terabytes of data, it added there was potential for a "significant amount of additional revenue", with the potential to move another 30 petabytes of data to the cloud per year.

Chief executive David Richards said: "Increasingly, we are seeing businesses looking to take advantage of the advanced analytics capabilities available in the cloud, and WANdisco is the primary provider to help make this a reality.

"This is another exciting proof point for our solution, and we see significant upside potential in this client relationship in the coming years."

As of 0915 GMT, WANdisco shares were up 1.96% at 312.0p.