WANdisco Plc $6.6m contract win with global telco (1636M)
10 January 2023 - 6:00PM
UK Regulatory
TIDMWAND
RNS Number : 1636M
WANdisco Plc
10 January 2023
10 January 2023
WANdisco plc
("WANdisco" or the "Company")
$6.6m contract win with global telco
$6.6m data migration contract with European-based global
telecommunication service provider
Telecommunications sector a core and growing revenue market
for WANdisco
Significant further expansion opportunities through IoT use
cases
WANdisco (LSE: WAND), the data activation platform, is pleased
to announce that it has signed an initial agreement (the
"Agreement") worth $6.6m with a European-based global
telecommunications service provider (the "Client"). The Agreement
is a one-off migration that provides for Internet of Things ('IoT')
data that resides in the Client's data centre to be migrated to the
cloud.
WANdisco was chosen due to its proven ability to migrate
petabyte scale data. Once the migration is complete, it is expected
that the Client will launch a range of IoT-related services.
With the proliferation of IoT devices, telecommunication service
providers are increasingly seeing data as an important revenue
opportunity. This industry vertical is a strategic target market
for WANdisco with a healthy pipeline of further opportunities. The
Company expects this industry to continue being a core and growing
market for WANdisco.
David Richards, CEO and Chairman of WANdisco, commented :
"This is the third tier 1 global telecommunications company to
choose WANdisco's solutions since the start of 2022, underpinning
our unique ability to seamlessly and securely migrate large scale
data from edge platforms to the cloud. As the Company has seen with
other customers, WANdisco believes there is potential for
significant expansion opportunities with this customer.
The IoT use case of moving data from edge platforms to the
cloud, is continuing to drive a significant pipeline of
opportunities for our business. Companies across multiple industry
verticals face significant challenges in successfully executing
this data movement and unlocking the full capabilities of the
cloud. Our unique solutions and proven experience in the IoT market
make us well placed to continue winning market share and supporting
clients around the globe."
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 7039
Kam Bansil, Investor Relations 1901
+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)
Erik Anderson / Alina Vaskina / +44 (0)20 7886
Dougie McLeod 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. 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 data activation platform for accelerating
digital transformation at scale. WANdisco makes infinite data
actionable across clouds and enterprises in real time. WANdisco
customers unleash the business value of the cloud with zero
downtime, data loss, or disruption to fuel AI and machine learning,
create new services, and transform businesses. For more information
about WANdisco, visit www.wandisco.com .
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END
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