$9m industrial and consumer goods contract win
24 January 2023
WANdisco plc
("WANdisco" or the "Company")
$9m industrial and consumer goods contract win
Manufacturing data vertical represents a new key target market
WANdisco (LSE: WAND), the data activation platform, is pleased to announce that it has signed an initial agreement (the "Agreement") worth $9m with a global European-based industrial and consumer goods company (the "Client").
The Agreement is a one-off migration for manufacturing process and other enterprise information management data that resides in the Client's data centres in Europe and Asia to be migrated to multiple cloud service providers. WANdisco was chosen due to its proven ability to migrate petabyte scale data and its capability to migrate data to multiple cloud service providers.
The ability to run analytics at scale on a large amount of manufacturing process data can help companies to drive greater efficiencies and more accurately monitor processes. The manufacturing sector is increasingly producing large sets of data, making it a strategically key target market for WANdisco. The Company is seeing an increasing number of opportunities in this vertical and as a result the Board expects manufacturing data to become a core and growing market for WANdisco going forward.
David Richards, CEO and Chairman of WANdisco, commented :
"This is the first company to choose WANdisco's solutions to migrate manufacturing process data at scale, utilising our unique ability to seamlessly and securely migrate large scale data from on-premise platforms to the cloud.
Moving data from on-premise 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, the cloud agnostic nature of our technology and our proven experience in moving data seamlessly at scale make us well placed to continue winning market share and supporting global clients in these use cases."
For further information, please contact:
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WANdisco plc |
via FTI Consulting |
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David Richards, Chief Executive Officer and Chairman |
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Erik Miller, Chief Financial Officer Kam Bansil, Investor Relations |
+44 (0)20 7039 1901 |
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FTI Consulting |
+44 (0)20 3727 1137 |
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Matt Dixon / Kwaku Aning / Tom Blundell |
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Stifel (Nomad and Joint Broker) |
+44 (0)20 7710 7600 |
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Fred Walsh / Richard Short |
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Panmure Gordon (Joint Broker)
Rupert Dearden / Dougie McLeod |
+44 (0)20 7886 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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