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11 Feb 2015 07:00
11 February 2015
WANdisco plc
New Big Data customer win
Global bank selects WANdisco Big Data solution
One of the world's leading banks has selected WANdisco's (LSE: WAND) Big Data solution.
Following rigorous trials, the bank has included WANdisco in its 'reference architecture' for Big Data that will be rolled out as a standard across the bank. From an initial one-year subscription, valued at $150,000, the bank intends to scale up its usage significantly over time. With the bank's data infrastructure covering tens of thousands of data nodes, the potential for its subscription to expand in value is considerable, making it, at full utilisation, WANdisco's largest Big Data customer to date.
The bank has been using Hadoop to capture and store the unprecedented amount of both structured and unstructured data that it is generating. In a production trial on the Hortonworks partner platform, WANdisco's Non-Stop Hadoop eliminated data outages that had previously occurred in Hadoop, improved data processing speeds and saved costs, all at levels that were otherwise not achievable.
The bank will initially deploy not only Non-Stop Hadoop's core feature, 'continuous availability', but also 'selective replication' to comply with regulatory requirements. Transactional risk management, trade finance and regulatory reporting are just some of the departments planning to deploy this technology.
David Richards, WANdisco Chief Executive Officer, comments:
"This new customer has Hadoop data operations across the whole bank, which WANdisco will support in live production. The bank intends to scale up its Non-Stop Hadoop solution very significantly. With this latest new customer, we have signed three of the world's top ten banks in the last three months."
For further information please contact:
WANdisco plc | via FTI Consulting |
David Richards, Chief Executive Officer Paul Harrison, Chief Financial Officer Phil Branston, VP Corporate Development & Investor Relations
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FTI Consulting | +44 (0)20 3727 1000 |
Matt Dixon / Rob Mindell / Roger Newby
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Investec (Joint Broker and NOMAD) | +44 (0)20 7597 4000 |
Christopher Baird / Dominic Emery
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UBS Investment Bank (Joint Broker) | +44 (0)20 7567 8000 |
Rahul Luthra / Sandip Dhillon
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About WANdisco
(LSE: WAND) is a provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and continuous availability. WANdisco's products are differentiated by the company's patented, active-active data replication technology, serving crucial continuous availability requirements, including Hadoop Big Data and Application Lifecycle Management (ALM), including Apache Subversion and Git. Fortune Global 1000 companies, including Juniper Networks, Motorola, Intel and Halliburton, rely on WANdisco for performance, reliability, security and availability. For additional information, please visit www.wandisco.com.
Disclaimer
This announcement contains forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. Undue reliance should not be placed on any such statements because they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and WANdisco's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. WANdisco undertakes no obligation to revise or update any forward-looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, future events or otherwise, save as required by law and regulations.
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