Announcement
WANdisco Plc : Significant customer win
RNS Number : 1620S
WANdisco Plc
19 December 2016
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For immediate release |
19 December 2016 |
WANdisco plc
("WANdisco" or the "Company")
Significant customer win
WANdisco Fusion secures major new customer through IBM partnership
WANdisco (LSE: WAND), the leading provider of continuous availability software for global enterprises to meet the challenges of Big Data, is pleased to announce that through its OEM sales partnership with IBM, the Company has secured a significant contract win with a major automotive multinational. The agreement will see IBM deploy the Company's patented cloud solution, WANdisco Fusion, rebranded as IBM Big Replicate, direct to the customer. The agreement is valued at approximately $1m in royalties to be paid to WANdisco.
WANdisco Fusion, will be used to ensure customer data is moved seamlessly between data centers and the cloud. It is imperative this is done without any downtime or disruption, and WANdisco Fusion is the only solution capable of delivering this with continuously changing large data sets as the customer moves to self-driving cars, following a major trend transforming the automotive industry.
This deal follows a smaller order with a major European bank that IBM closed on behalf of WANdisco through the OEM sales partnership in Q3 this year, after finalising the OEM deal in April 2016. In addition, WANdisco has now completed joint product development and has trained over 5,000 quota carrying IBM reps, demonstrating the true scale of this partnership.
David Richards, Chief Executive Officer and Interim Chairman of WANdisco, commented:
"This is an extremely important contract win for WANdisco which demonstrates our OEM partnership with IBM is capable of delivering significant value for our business. This agreement has been secured on the basis that WANdisco Fusion was the only solution that could ensure complete data consistency without any downtime - which continues to distinguish us from our competitors.
"Both WANdisco and IBM continue to develop a significant pipeline of new business opportunities."
For further information, please contact:
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WANdisco plc |
via Vigo Communications |
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David Richards, Chief Executive Officer and Interim Chairman |
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Erik Miller, Chief Financial Officer |
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Vigo Communications |
+44 (0)207 830 9700 |
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Jeremy Garcia / Fiona Henson / Antonia Pollock |
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Stifel (Joint Broker and Nomad) |
+44 (0)207 710 7600 |
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David Arch / Fred Walsh / Neil Shah |
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UBS (Joint Broker) Rahul Luthra / Sandip Dhillon |
+44 (0)207 567 8000 |
About WANdisco
WANdisco (LSE: WAND) is the world leader in Active Transactional Data Replication™. Its patented technology provides continuous consistent access to changing data anytime and anywhere with no downtime and no disruption. WANdisco's patented technology serves crucial high availability (HA) requirements, including migration to cloud, Hadoop Big Data and Application Lifecycle Management (ALM), Subversion, Git and Gerrit.
WANdisco works directly with Fortune 1000 companies around the world and in all sectors to ensure their data, whether it is on-premise or in the cloud, gives them the real insight they need. WANdisco has an OEM with IBM and is also partnered with Amazon Web Services, Cisco, Google Cloud Platform, Hewlett Packard Enterprise, Microsoft Azure and Oracle to resell its patented technology. WANdisco is committed to the ODPi Interoperable Compliance Program to ensure its products are interoperable across a wider range of commercial Apache™ Hadoop® Platforms.
For additional information, please visit www.wandisco.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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