17 Apr 2014 07:00
17 April 2014
WANdisco plc
("WANdisco" or the "Company")
Q1 2014 Bookings Update
Q1 2014 Bookings increase 40 per cent to $4.2m
Additional enterprise customer evaluations underway via Cloudera and Hortonworks partnerships
London, UK - WANdisco (LSE: WAND), the leading provider of continuous availability software for global enterprises to meet the challenges of Big Data, is pleased to announce a good start to the financial year with subscription bookings increasing by 40 per cent year-on-year to $4.2m (Q1 2013: $3.0m).
Big Data bookings accounted for $0.2m of Q1 2014 bookings (Q1 2013: Nil) following the award of contracts in this quarter with British Gas and University of California Health (UCI). These deployments, which represent the first live roll-outs of Hadoop by these two organisations, were underpinned by the application of our unique active-active replication technology to Hadoop. We also saw our OEM partner, NSN, increase its investment in the integration of our software into their Hadoop architecture.
Underpinning our Big Data initiatives are our partnerships. During this quarter our partnerships with Cloudera and Hortonworks have continued to deepen and we are working with both parties on a number of evaluations with potential enterprise customers for our Big Data solutions, which we expect to convert to live deployments over the coming year. These evaluations are in addition to the enterprise Proofs of Concepts ("PoC") we referenced in our Q4 Bookings update in January.
ALM bookings for the quarter grew 33 per cent year-on-year to $4.0m (Q1 2013: $3.0m). Notable new customers included ARM, Globant, MSCI, Panasonic and Synaptics. In addition, we saw significant renewals from existing customers such as HP and Walmart. As customers renew, many are choosing to renew early, make multi-year commitments and we continue to see customers also extending their deployment of our software across their organisations. Examples of these included Cisco, Ladbrokes, MRM and Resmed.
David Richards, WANdisco Chief Executive Officer, said:
"We are very pleased to see the continuous and rapid development of our relationships with key channel partners, Cloudera and Hortonworks. We see a strong pipeline of potential customers through these partners running trials and evaluations of Hadoop, underpinned by WANdisco's Non-Stop Hadoop technology, and expect to convert a number of these to live deployments over the course of the year. At the same time, our ALM business continues to perform resiliently delivering good year-on-year growth through both new wins and consistently strong renewals."
For further information please contact:
WANdisco plc | via FTI Consulting LLP |
David Richards, Chief Executive Officer Paul Harrison, Chief Financial Officer Phil Branston, VP Corporate Development and Investor Relations
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FTI Consulting LLP | +44 (0)20 3727 1000 |
Matt Dixon / Sophie McMillan / Jon Snowball / Roger Newby
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Panmure Gordon (UK) Limited (Joint Broker and NOMAD) | +44 (0)20 7886 2500 |
Fred Walsh / Ben Roberts (Investment Banking) Adam Pollock / Charles Leigh-Pemberton (Corporate Broking)
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UBS Investment Bank (Joint Broker) | +44 (0)20 7568 8000 |
Tim Pratelli / Sandip Dhillon
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Ends
Notes to Editors:
About WANdisco
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 availability. WANdisco's products are differentiated by the company's patented, active-active data replication technology, serving crucial high availability (HA) requirements, including Hadoop Big Data and Application Lifecycle Management (ALM), including Apache Subversionand 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.