SAN RAMON, California, June
26, 2019 /PRNewswire/ -- 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."
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.
For further information, please contact:
WANdisco
plc
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via FTI
Consulting
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David Richards, Chief
Executive Officer and Chairman
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Erik Miller, Chief
Financial Officer
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FTI
Consulting
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+44 (0)
20-3727-1137
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Matt Dixon / Harry
Staight / Chris Birt / Kwaku Aning
http://www.vigocomms.com/
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Stifel (Nomad
and Joint Broker)
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+44 (0)
20-7710-7600
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Fred Walsh / Neil
Shah / Alex Price / Rajpal Padam
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Peel Hunt
(Joint Broker)
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+44 (0)
20-7418-8900
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Edward Knight / Nick
Prowting
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WH Ireland
Limited (Joint Broker)
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+44 (0)
20-7220-1666
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Adam
Pollock
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