Contract win with a top 10 global retailer

RNS Number : 3971H

WANdisco Plc

06 April 2022

 

06 April 2022

WANdisco plc

("WANdisco" or the "Company")

Contract win with a top 10 global retailer

WANdisco strengthens its relationship with leading retailer by establishing new environment for machine learning and analytics

WANdisco (LSE: WAND), the LiveData company , is pleased to announce that it has signed a Commit-to-Consume contract worth $720k with a top 10 global retailer (the "Customer"). Using its LiveData Migrator ("LDM") solution, WANdisco will create a new, focused environment for machine learning and other analytical workloads.

WANdisco will support the Customer by helping to move a subset of data from its existing Hadoop environment to a new storage layer in the cloud , while also supporting the continuous replication of any ongoing changes to this data .

The contract win was driven by the Customer's desire to utilise a separate environment with a smaller, more relevant and succinct data set to perform retail demand forecasting as well as other machine learning and analytical workloads.

WANdisco LDM was chosen by the Customer - an existing client of three years - for its ability to continuously move data to where it is needed at the right time, across multiple distributed on-premises environments, edge platforms or public clouds. This automated process ensures the data is kept up to date meaning the Customer is not required to manually refresh the new environment. This guarantees minimal business disruption, data consistency and security.

David Richards, CEO and Co-founder of WANdisco said:

"We are delighted to announce another deal with one of our key retail customers, representing yet another proof point of the strong demand we are seeing from organisations across various sectors to migrate data to the cloud.

"It is incredibly pleasing to see WANdisco continue to deliver new value through existing customer relationships in providing solutions that not only meet, but exceed business use case needs and requirements. Our talented people and critical solutions such as LiveData Migrator, have led the Customer to view WANdisco as a trusted implementation and solutions architect partner, and we look forward to seeing this relationship go from strength to strength".

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]

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR") as retained as part of UK law by virtue of the European Union (Withdrawal) Act 2018 as amended. Market Soundings, as defined in MAR, were taken in respect of the proposed Placing with the result that certain persons became aware of this inside information, as permitted by MAR. Upon the publication of this announcement, 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 LiveData company. 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's products keep 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 http://www.wandisco.com .  www.wandisco.com

 

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