WANdisco contract with top five UK bank
13 December 2021
WANdisco plc
("WANdisco" or the "Company")
Contract with top five UK bank to migrate to AWS
Initial Contract to move 500TB to AWS
Maintaining hybrid cloud for several years
First of four use cases, representing more than 3PB of data
WANdisco (LSE: WAND), the LiveData company , announces a contract with a top five UK banking group to migrate an initial 500TB to AWS using WANdisco's LiveData Migrator platform. The bank will maintain a hybrid cloud between on-premises and the cloud for several years and is the first of four identified use cases, representing in aggregate more than 3PB of data, that have been highlighted by the bank.
The initial contract will be a subscription license for 500TB of data, with a view of moving to a 'commit to consume' relationship in the future as further use cases are introduced. The customer is focused on being digitally led and one of the prime reasons for migrating to AWS is to explore Machine Learning ('ML') and Artificial Intelligence ('AI').
The customer previously tested other solutions based on static copy technologies but was faced with network bottleneck issues and the inability to manage changes in the data at source. This made LiveData Migrator an ideal fit and the platform was selected after comprehensive testing to ensure compliance with strict regulatory security requirements.
David Richards, CEO and Co-founder of WANdisco said:
"We are excited to sign this prestigious UK banking institution whilst continuing to work closely with AWS, one of our major cloud partners. This contract signifies how our partnership with AWS continues to expand as we progress and grow our go-to-market capabilities.
"And again, we see the primary driver to the cloud, being the desire to activate data for use in ML and AI use cases. LiveData Migrator is perfectly placed to provide the solutions that enable companies to make these transitions effectively. This is because our platform enables enterprises to operate without any production system downtime or business disruption while ensuring the migration is complete and continuous."
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 |
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Daud Khan, VP Corporate Development |
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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) Erik Anderson / Alina Vaskina |
+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. 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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