Automotive contract win
September 25 2018
Subscription based contract expected to grow over time
WANdisco (LSE: WAND), the LiveData company, has been selected by a global automotive and truck manufacturer to deploy the Company's live data platform, WANdisco Fusion. Following an extensive pilot, the company selected WANdisco Fusion as the standard for hybrid cloud and cloud migration for Microsoft Azure where business critical data will reside in both on-premises and the cloud.
The initial contract is worth $200k on an annualised recurring revenue basis and the project will commence in October 2018. The initial contract covers less than 3% of the customer’s data pool and the customer has identified over 20 projects that require WANdisco Fusion. Accordingly, it is expected that the value of the total contract will grow to a multi-million dollar annualised value over the coming years.
Both hybrid-cloud and cloud migration are LiveData use cases where, in order to take advantage of the significant benefits of cloud, customers must be able to move data without interruption to business operations.
WANdisco Fusion is the only solution that can enable organisations to seamlessly move large volumes of data with consistent and continuous availability whilst meeting regulatory requirements. WANdisco's patented technology ensures our customers are able to multiply the impact of their IT investment to support exponential data growth without growing the IT budget.
David Richards, Chief Executive Officer and Chairman of WANdisco, commented:
“This is a significant contract win, illustrating the strategic importance of our partnership with Microsoft. This is an excellent example of how our cloud subscription contracts will work in the future, as we execute on a land and expand strategy, and look to scale the agreement substantially over the coming years.
WANdisco Fusion, in partnership with Microsoft Azure, remains the only solution that enables the hybrid-cloud, multi-cloud and seamless migration of critical live data for businesses of this scale.”
For further information please contact:
WANdisco plc via FTI Consulting
David Richards, Chief Executive Officer and Chairman
Erik Miller, Chief Financial Officer
FTI Consulting +44 (0)20 3727 1137
Matt Dixon / Harry Staight / Leah Dudley / Kwaku Aning
Stifel (Joint Broker and Nomad) +44 (0)20 7710 7600
Fred Walsh / Neil Shah / Alex Price / Rajpal Padam
Peel Hunt (Joint Broker)
Edward Knight / Nick Prowting +44 (0)20 7418 8900
WH Ireland Limited (Joint Broker)
Adam Pollock / Tim Feather +44 (0)20 7220 1666
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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 LiveData Cloud Services 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 www.wandisco.com.