WANdisco Plc $1.5m contract win with a global telco (6724F)
23 March 2022 - 6:00PM
UK Regulatory
TIDMWAND
RNS Number : 6724F
WANdisco Plc
23 March 2022
23 March 2022
WANdisco plc
("WANdisco" or the "Company")
$1.5m contract win with a global telco
LiveData Migrator and LiveData Migrator for Azure General
Availability leads to significant contract win
8 petabytes of data to be migrated to the cloud with no business
disruption
Potential to expand use case across geographies
WANdisco (LSE: WAND), the LiveData company , today announces a
deal worth $1.5m with a top ten global telecommunications company
(the "Customer"). The Customer will utilise WANdisco's LiveData
Migrator ("LDM") and LiveData Migrator for Azure ("LDMA") to
automate the migration of Hadoop data to AWS and Azure. This
contract is structured as a Commit-to-Consume transaction.
The Customer is one of the largest global service suppliers of
Internet of Things ('IoT') applications. Currently, it collects
data from smart meters and loads that data to an on-premise Hadoop
cluster. The Customer will use WANdisco's LDM and LDMA products to
migrate that data from an on-premise Hadoop cluster to multiple
cloud providers (Azure and AWS). This initial opportunity is to
migrate 8 petabytes of data from Hadoop to the cloud with the
potential to extend this use case across architectures and
geographies.
In the future, the Customer plans to change the architecture so
that the smart meter data is transferred directly from the smart
hubs (edge platforms) to the cloud, while eliminating the use of
Hadoop. Under WANdisco's Commit-to-Consume contract structure,
WANdisco's revenues from this Customer will grow beyond the initial
$1.5m as the Customer migrates an increasing amount of data.
As the Customer needed a cloud agnostic tool to move large
amounts of data from on-premise Hadoop to multiple different
clouds, WANdisco was chosen for its ability to support the
migration of data to several cloud providers. Additionally,
WANdisco's ability to migrate data at scale without requiring any
system downtime, along with its capacity to automatically migrate
data changes as they occur - ensuring data consistency - were key
factors in the Customer's final decision.
The General Availability of LDM and LDMA was essential in
converting this opportunity. Achieving the General Availability
milestone has provided potential customers with greater assurance
about their ability to embark on petabyte-scale data migration
projects with WANdisco and, as such, is steadily unlocking a
pipeline of growth opportunities - especially in IoT.
David Richards, CEO and Co-founder of WANdisco said:
"We are excited to see another major telecommunications company
choosing to use our solutions under our Commit-to-Consume model. We
are also thrilled to see our LiveData Migrator and LiveData
Migrator for Azure services showing the traction we expected to
build following the General Availability milestone.
"The IoT use case of edge platforms to the cloud is something we
expect to grow over time, with the challenge of moving edge data to
the cloud becoming an increasingly significant impediment to our
customers' success. We look forward to expanding our engagement
with this major telco, whilst helping them realise the full
capabilities of the cloud."
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 / Kwaku Aning / Tom Blundell
+44 (0)20 7710
Stifel (Nomad and Joint Broker) 7600
Fred Walsh / Richard Short
Panmure Gordon (Joint Broker) +44 (0)20 7886
Erik Anderson / Alina Vaskina 2500
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 .
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