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.

The Sheffield-based data migration platform said the renewal is valued at GBP200,000 and covers support and maintenance associated with Tesco usage of WANdisco's Live Data Plane product.

WANdisco said it expects to expects to recognise revenue from the contract renewal from the third quarter of 2023.

Looking ahead, WANdisco said: "The company continues to endeavour to share with investors news of new contracts and renewals, including those of smaller sizes, in order to communicate the ongoing progress being made in re-engaging with current and prospective customers and positioning WANdisco for long-term growth and success."

WANdisco shares have been suspended from trading in London since March, after uncovering signs of possible "fraudulent irregularities" on its books, days after announcing it was exploring a potential US listing.

By Greg Rosenvinge, Alliance News reporter

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