7 Apr 2022 07:01
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 | ||
| ||
FTI Consulting | +44 (0)20 3727 1137 | |
Matt Dixon / Kwaku Aning / Tom Blundell | ||
Stifel (Nomad and Joint Broker) | +44 (0)20 7710 7600 | |
Fred Walsh / Richard Short | ||
Panmure Gordon (Joint Broker) Erik Anderson / Alina Vaskina | +44 (0)20 7886 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