WANdisco Plc First deal through new Oracle partnership (5507H)
07 April 2022 - 4:01PM
UK Regulatory
TIDMWAND
RNS Number : 5507H
WANdisco Plc
07 April 2022
7 April 2022
WANdisco plc
("WANdisco" or the "Company")
First deal through new Oracle partnership
Partnership offers WANdisco route to accelerate data lake
migrations to Oracle Cloud Infrastructure
Oracle has a large, defined pipeline of opportunities
WANdisco (LSE: WAND), the LiveData company , is pleased to
announce that it has agreed to a pre-pay license deal with Oracle
worth $150k. This is the first deal following the announcement of
WANdisco's deepening strategic partnership with Oracle to provide
WANdisco's LiveData Migrator (LDM) to both Oracle and its
customers, announced on 31 January 2022.
This pre-pay deal is an initial rollout across a couple of
Oracle customers and serves as an early indication of the desire to
strategically prioritise the movement of data to the cloud through
WANdisco licenses. There is a significant further opportunity for
WANdisco to support larger scale data migrations across thousands
of existing Oracle customers.
As Oracle will purchase licenses directly from WANdisco for
migration projects, there is already a large and defined pipeline
that Oracle intends to pursue over the coming year using LDM.
WANdisco's LDM solution will automate the migration and
replication of Hadoop data lakes and cloud environments to data
lakehouses on Oracle's Cloud Infrastructure with zero disruption or
downtime. LiveData Migrator will ensure business continuity
throughout migrations and accelerate time to business insights to
empower Oracle's customers, offering strong data security and
integrity across a variety of data sources.
David Richards, CEO and Co-founder of WANdisco said:
"Looking forward, we expect to see our partnership with Oracle
continue to strengthen and expand as we support the business and
its enterprise customers with critical data migrations to the
cloud, helping them to realise their data-first and digital
transformation initiatives. This represents a significant further
opportunity for WANdisco to support larger scale migrations across
Oracle's existing customer base.
LiveData Migrator continues to serve as a valuable solution in
accelerating growth, reducing costs, and improving data security
and resilience, while reducing migration timelines from months or
years to a matter of days. This, in turn, is accelerating time to
business value for our customers and partners."
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 . www.wandisco.com
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