Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWAND.L Share News (WAND)

  • There is currently no data for WAND

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

WANdisco enters partnership with cloud specialist Snowflake

Thu, 11th Mar 2021 10:35

(Sharecast News) - Data technology company WANdisco announced a partnership with cloud specialist Snowflake on Thursday, to "automate, accelerate and simplify" the migration of on-premises 'Hadoop' analytics workloads to Snowflake's data platform.
The AIM-traded firm said the partnership would open a new distribution channel, with Snowflake's 4000 customers and "significant" market share of Fortune 500 customers.

It explained that businesses were increasingly seeking to take advantage of modern data and artificial intelligence (AI) services in the cloud.

WANdisco said combining its 'LiveData Migrator' capabilities of migrating large-scale Hadoop analytical workloads with Snowflake's platform would enable enterprises to efficiently adopt a new analytics platform in the cloud.

"WANdisco's LiveData Migrator has proven its capabilities to seamlessly move data lakes to the cloud with several Fortune 500 companies," said co-founder and chief executive officer David Richards.

"Snowflake is seeing increased demand from enterprises seeking to migrate Hadoop workloads to Snowflake's Data Cloud."

Richards said the partnership would give enterprises "peace of mind" with accelerated Hadoop data migrations to Snowflake's platform.

"This partnership ensures enterprises have a powerful option to move their organisation to the cloud and take advantage of increased productivity, security and insightful data analytics available to employees anywhere at any time, whilst doing so at scale if needed."

At 1013 GMT, shares in WANdisco were up 3.38% at 481.75p.
More News
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.

Read more
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.

Read more
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.

Read more
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.

Read more
4 Jul 2023 11:01

WANdisco successfully raises $30m

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

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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:

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.