Multi-year contract win with global telecoms firm
30 September 2021
WANdisco plc
("WANdisco" or the "Company")
Multi-year contract win with global telecoms firm
The Client has committed to migrating a minimum of 5 petabytes ("PB") over a maximum term of 5 years
Significant opportunity for further consumption growth using WANdisco's LiveData Migrator for Azure
WANdisco (LSE: WAND), the LiveData company, has won a contract with the analytics division of one of the world's largest telecommunications companies ('the Client') to migrate analytical data to the Microsoft Azure cloud, worth a minimum of $1m over a maximum term of five years.
The Client is an existing customer of LiveData Plane and has now entered into a 'Commit to Consume contract to deploy WANdisco's LiveData Migrator for Azure (LDMA) to migrate business critical analytical data from an on- premise Vertica system to the cloud. WANdisco's unique technology was the only solution capable of moving the live data set to the cloud within Azure's ecosystem effectively and without disruption.
The agreement is an example of a 'Commit to Consume' contract and aligns revenue to the consumption of services, as is the standard in the cloud, enhancing the visibility of future revenues. The Client has committed to a minimum of 5PB over a maximum term of five years. This represents only a fraction of the Client's data estate and there is a significant opportunity for further consumption growth and commercial upside for WANdisco.
WANdisco CEO and Chairman David Richards, commented:
"We are extremely pleased to be extending our relationship with this key customer. Having already purchased a license for our LiveData Plane product, the unique capabilities of our products in dealing with data at scale were apparent. This led to a further use case and the desire to use our native service in the Azure Cloud, LiveData Migrator for Azure (LDMA). The customer's consumption of LDMA will become part of their monthly Azure bill, illustrating the simplicity of adding the service. We look forward to deepening our relationship further with the customer in the future."
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 Daud Khan, VP Corporate Development |
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FTI Consulting |
+44 (0)20 3727 1137 |
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Matt Dixon / Chris Birt / Kwaku Aning |
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Stifel (Nomad and Joint Broker) |
+44 (0)20 7 710 7600 |
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Fred Walsh / Richard Short |
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Panmure Gordon (Joint Broker) Erik Anderson / Alina Vaskina |
+44 (0)20 7886 2500 |
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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