Canadian Financial Services firm Win

RNS Number : 4295R

WANdisco Plc

06 July 2022

 

6 July 2022

WANdisco plc

("WANdisco" or the "Company")

Canadian Financial Services firm Win

Contract valued at $1.1m over three years

Migration of Hadoop workloads to Google Cloud Platform

Agreement with top five Canadian bank establishes WANdisco brand in growing FSI market

WANdisco (LSE: WAND), the data activation platform, is pleased to announce it has secured a contract with a large financial services firm in Canada (the "Client"). The subscription contract with the Client - a top five Canadian bank - is valued at $1.1 million over three years and was secured directly by WANdisco.

The Client will use WANdisco's LiveData Migrator ("LDM") product to migrate its Hadoop workloads from an on-premise Cloudera cluster to the Google Cloud Platform ("GCP"), as a significant part of its cloud strategy. The initial migration will be of 5 petabytes of data with room for future expansion. The Client chose WANdisco's unique LDM technology as the only solution capable of moving its on-premise data to the cloud within the GCP ecosystem effectively. This automated process ensures the data is kept up to date meaning the Client is not required to manually refresh the new environment. This guarantees minimal business disruption, data consistency and security.

This is WANdisco's first Google Cloud win in North America and represents another contract win in the global financial services market: further confirming the significant opportunity for WANdisco in this key growth market.

WANdisco CEO and Chairman David Richards, commented:

"We are seeing a robust pipeline of deals for LiveData Migrator on all cloud platforms. LiveData Migrator's zero business downtime capabilities for moving transactional data, combined with its easy to deploy and easy to use interface means clients across several verticals are interested in our products as businesses attempt to stay competitive and agile. Our solutions are ideal for multi cloud use cases as our LiveData capabilities enable consistent data replication across any number of environments, across any geography, as well as any cloud provider."

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 / Kwaku Aning / Tom Blundell Stifel  (Nomad and Joint Broker) [phone] Fred Walsh / Richard Short Panmure Gordon (Joint Broker) Erik Anderson / Alina Vaskina [phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), 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 first and only data activation platform for accelerating digital transformation at scale. WANdisco makes infinite data actionable across clouds and enterprises in real time. WANdisco customers unleash the business value of the cloud with zero downtime, data loss, or disruption to fuel AI and machine learning, create new services, and transform businesses. For more information about WANdisco, visit www.wandisco.com .

 

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