WANdisco Plc $750k China contract (4120D)
26 June 2019 - 4:00PM
UK Regulatory
TIDMWAND
RNS Number : 4120D
WANdisco Plc
26 June 2019
26 June 2019
WANdisco plc
("WANdisco" or the "Company")
$750k China contract
WANdisco (LSE: WAND), the live data company, has secured a
contract with one of the largest manufacturers of mobile handsets
in the world, based in China (the "Client"). The agreement is
valued at approximately $750k and will see the Client deploy the
Company's patented Fusion platform ("Fusion").
The Fusion contract is a limited perpetual license, with
opportunity for growth over time, as the client's dataset expands
in line with its expansion in the global handset market. The
contract is the second deal secured directly by WANdisco in the
region this year, reflecting the growing demand in China for the
Group's solutions.
China represents a significant opportunity for the Company with
the cloud marketplace undergoing rapid expansion including the
proliferation of multi-cloud uses for technologies such as
artificial intelligence and edge computing. Together with its OEM
relationship with Alibaba, the Directors believe that the Company
is in a strong position to take advantage of the growing
opportunity for its solution in Asia.
David Richards, Chief Executive Officer and Chairman of
WANdisco, commented:
"We are seeing great promise in the China region, which has
adopted data on a mass scale to address the unique challenges of
serving a 1.4bn population. This is the second deal secured in the
region through our direct sales channel this year, in this instance
with one of the world's largest handset manufacturers. Despite
China being a complex and often challenging market, we are seeing
strong interest in our Fusion technology throughout the
region."
For further information, please contact:
WANdisco plc via FTI Consulting
David Richards, Chief Executive Officer
and Chairman
Erik Miller, Chief Financial Officer
+44 (0)20 3727
FTI Consulting 1137
Matt Dixon / Harry Staight / Chris Birt
/ Kwaku Aning
+44 (0)20 7710
Stifel (Nomad and Joint Broker) 7600
Fred Walsh / Neil Shah / Alex Price
/ Rajpal Padam
+44 (0)20 7418
Peel Hunt (Joint Broker) 8900
Edward Knight / Nick Prowting
+44 (0)20 7220
WH Ireland Limited (Joint Broker) 1666
Adam Pollock
About WANdisco
WANdisco is the LiveData company that empowers enterprises to
revolutionize their IT infrastructure with its groundbreaking
distributed coordination engine (DConE) in the WANdisco Fusion
platform, enabling companies to generate hyperscale economics with
the same IT budget - across multiple development environments, data
centers, and cloud providers. WANdisco Fusion powers hundreds of
the Global 2000, including Cisco Systems, Allianz, AMD, Juniper,
Morgan Stanley and more. With significant OEM relationships with
IBM and Dell EMC and go-to-market partnerships with Amazon Web
Services, Cisco, Microsoft Azure, Google Cloud, Oracle, Alibaba and
other industry titans - WANdisco is igniting a LiveData movement
worldwide.
For more information on WANdisco, visit
http://www.wandisco.com
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END
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