26 Nov 2019 07:00
26 November 2019
WANdisco plc
("WANdisco" or the "Company")
Customer renewal and expansion
Contract with existing Fortune 500 customer valued in excess of $500k
WANdisco (LSE: WAND), the live data company for machine learning and AI, has signed a contract valued at more than $500k with a Fortune 500 technology company. The contract is with an existing WANdisco customer that has renewed and expanded its relationship and commitment to WANdisco's Fusion technology.
As cloud data use cases continue to scale at pace for global corporates, customers look to WANdisco's Fusion technology as a key enabler of their expanding requirements in terms of both volume and complexity. This contract is typical of the Company's pipeline of renewals, with commitments with existing customers expected to continue and expand over time.
WANdisco Fusion is the only solution that can enable organisations to seamlessly move large volumes of data with consistent and continuous availability whilst meeting regulatory requirements. WANdisco's patented technology ensures customers are able to leverage the impact of their IT investment to support exponential data growth without growing the IT budget.
David Richards, Chief Executive Officer and Chairman of WANdisco, commented:
"We continue to see demand from existing customers to further commit to our unique Fusion technology as a core enabler of their cloud ecosystem. As discussed in our interim results, we have a significant pipeline in H2 and beyond of customer renewals and new customer commitments which the Company is focussed on delivering. WANdisco remains the partner of choice for global corporates with mission critical data requirements."
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 / Harry Staight / Chris Birt / Kwaku Aning | |
Stifel (Nomad and Joint Broker) | +44 (0)20 7710 7600 |
Fred Walsh / Neil Shah |
|
|
|
Peel Hunt (Joint Broker) | +44 (0)20 7418 8900 |
Edward Knight / Nick Prowting |
|
|
|
WH Ireland Limited (Joint Broker) | +44 (0)20 7220 1666 |
Adam Pollock |
|
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by David Richards, CEO and Chairman.
About WANdisco
WANdisco is the LiveData company for machine learning and AI. 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 Fusion keeps 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 www.wandisco.com.