Automotive contract win

RNS Number : 7748B

WANdisco Plc

25 September 2018

 

25 September 2018

WANdisco plc

("WANdisco," the "Company" or the "Group")

Automotive contract win

Subscription based contract expected to grow over time

WANdisco (LSE: WAND), the LiveData company, has been selected by a global automotive and truck manufacturer to deploy the Company's live data platform, WANdisco Fusion. Following an extensive pilot, the company selected WANdisco Fusion as the standard for hybrid cloud and cloud migration for Microsoft Azure where business critical data will reside in both on-premises and the cloud.

The initial contract is worth $200k on an annualised recurring revenue basis and the project will commence in October 2018. The initial contract covers less than 3% of the customer's data pool and the customer has identified over 20 projects that require WANdisco Fusion. Accordingly, it is expected that the value of the total contract will grow to a multi-million dollar annualised value over the coming years.

Both hybrid-cloud and cloud migration are LiveData use cases where, in order to take advantage of the significant benefits of cloud, customers must be able to move data without interruption to business operations.

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 our customers are able to multiply 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:

"This is a significant contract win, illustrating the strategic importance of our partnership with Microsoft. This is an excellent example of how our cloud subscription contracts will work in the future, as we execute on a land and expand strategy, and look to scale the agreement substantially over the coming years.

WANdisco Fusion, in partnership with Microsoft Azure, remains the only solution that enables the hybrid-cloud, multi-cloud and seamless migration of critical live data for businesses of this scale."

For further information please contact:

WANdisco plc                                                                                                                     via FTI Consulting

David Richards, Chief Executive Officer and Chairman            

Erik Miller, Chief Financial Officer 

FTI Consulting                                                                                                                    [phone]

Matt Dixon / Harry Staight / Leah Dudley / Kwaku Aning

Stifel (Joint Broker and Nomad)                                                                                   [phone]

Fred Walsh / Neil Shah / Alex Price / Rajpal Padam  

Peel Hunt (Joint Broker)

Edward Knight / Nick Prowting                                                                                       [phone]

WH Ireland Limited (Joint Broker)

Adam Pollock / Tim Feather                                                                                             [phone]

About WANdisco

WANdisco is shaping the future of data infrastructure with its groundbreaking Live Data platform, enabling companies to put all their data to work for the business - all the time, at any scale.

 WANdisco makes data always available, always accurate, and always protected, delivering hyperscale economics to support exponential data growth with the same IT budget. With significant OEM relationships with IBM and Dell EMC and go-to-market partnerships with Amazon Web Services, Cisco, Microsoft Azure, Google Cloud, Hewlett Packard Enterprise, Oracle and other industry titans - as well as hundreds of customers among the Global 2000 - WANdisco is igniting a Live Data movement worldwide.

 

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