WANdisco secures two new record contracts

RNS Number : 0768M

WANdisco Plc

10 October 2016

 

10 October 2016

WANdisco plc

("WANdisco" or the "Company")

WANdisco secures two new record contracts

Big Data contract

WANdisco (LSE: WAND) a leading provider of enterprise-ready, non-stop software solutions, is pleased to announce it has secured a significant new Big Data contract through a large Oracle reseller.  The end customer is a leading US financial services institution. This contract, secured in conjunction with WANdisco's partnership with Oracle, is the largest so far for WANdisco's Fusion Big Data product and is valued at $1.5 million.

The end customer joins a growing list of companies using a combination of WANdisco Fusion and Hadoop for storing and analysing huge amounts of unstructured data running on Oracle's Big Data Appliance ("BDA").

ALM contract

In addition, WANdisco also secured its largest deal in two years for its Subversion MultiSite Plus ALM (application lifecycle management) software with a major global bank headquartered in Europe.  The value of the deal is $775,000.

David Richards, WANdisco Chief Executive Officer, comments:

"We're delighted to have secured two important contracts both in terms of size and market opportunity that help us towards our targets for this financial year and beyond.  The Big Data contract win is testament to the progress our product is now having across the market.  The end customer is one of Oracle's largest BDA customers and joins a growing list of companies using WANdisco Fusion with Oracle BDA for critical analytics applications that require continuous availability across multiple locations.

"Our new business pipeline for cloud solutions continues to grow. We remain focused on delivering our objectives of growing revenues, controlling our cost base, becoming cash flow breakeven and taking the market opportunity that is open to us."

For further information, please contact:

WANdisco plc	via Vigo Communications
David Richards, CEO and Interim Chairman
Vigo Communications	[phone]
Jeremy Garcia / Fiona Henson / Antonia Pollock
Investec (Joint Broker and NOMAD)	[phone]
Christopher Baird / Dominic Emery
UBS (Joint Broker) Rahul Luthra / Sandip Dhillon	[phone]

About WANdisco plc

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 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.

 

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