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RNS Number : 6034O
02 June 2020
2 June 2020
("WANdisco" or the "Company")
WANdisco secures global reseller agreement
WANdisco (LSE: WAND), the LiveData company for machine learning and AI, is pleased to announce that it has secured a global reseller agreement with a large global systems integrator ("GSI"). The GSI is a leader in digital services and consulting.
The customer will have access to WANdisco's full suite of solutions and use these to build its own data migration practice for moving data at scale into the public cloud. This agreement is significant for WANdisco as the relationship will encompass and target all major public cloud vendors, and a pipeline of opportunities is immediately being explored following successful deployment in a large-scale customer environment.
Given the scale and reach of the GSI, with 240,000 people in 46 countries, WANdisco sees potential for material upside once the GSI's data migration practice is complete. The immediate list of opportunities is expected to make a material contribution to revenue over the next 12 months.
WANdisco also announces that Stifel will be its sole broker and NOMAD going forward.
WANdisco CEO and Chairman David Richards, commented:
"Today's announcement marks the Company's first agreement with a global systems integrator and our business momentum continues to be encouraging as we see additional growth opportunities working with them in the near-term.
"This agreement is the result of the customer proving that in situations where there is large scale, changing data, WANdisco is the only solution to automate data migration without risk of business downtime or data loss. There is a growing need for data consistency and data availability across the business world, and WANdisco's ability to facilitate petabyte scale cloud migration without business interruption is becoming a key factor for large organisations and their systems integrator partners as they accelerate their journey to the cloud."
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. The Company's patented technology guarantees that customers can leverage the impact of their IT investments to support exponential data growth without growing their IT budget.
For further information, please contact:
WANdisco plc via FTI Consulting
David Richards, Chief Executive Officer
Erik Miller, Chief Financial Officer
+44 (0)20 3727
FTI Consulting 1137
Matt Dixon / Chris Birt / Kwaku Aning
+44 (0)20 7 710
Stifel (Nomad and Sole Broker) 7600
Fred Walsh / Rajpal Padam
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by David Richards, CEO and Chairman.
WANdisco is the LiveData company for machine learning and AI. 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 Fusion keeps 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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(END) Dow Jones Newswires
June 02, 2020 02:00 ET (06:00 GMT)