TIDMWAND

WANdisco Plc

16 July 2020

16 July 2020

WANdisco plc

("WANdisco" or the "Company")

Customer win and continued momentum with Azure

WANdisco (LSE: WAND), the LiveData company for machine learning and AI, announces a new contract win with one of the world's largest insurers (the "Customer") and continued customer momentum for the public preview of the LiveData Platform for Microsoft Azure.

The Customer, one of the world's largest insurers serving 100 million customers globally, will use WANdisco's LiveMigrator and LiveData plane solution to migrate data to the Azure cloud. The initial contract targets a regional use case with the expectation that the Customer deploys the solutions across the organisation over time for multiple use cases and at scale. The key factors in the choice of WANdisco's technology was its unique capability of automating analytical data migration to the cloud, with zero risk of downtime or data loss combined with its tight integration with the Azure cloud.

The Company has also seen continued strong uptake for the Company's Azure Cloud platform, with 28 organisations now registered and adding, on average, 10 per week.

WANdisco CEO and Chairman David Richards, commented:

"Data migration remains a significant on-ramp for WANdisco, with our product suite stretching across the data requirements for blue-chips. Our availability as a core service in the Microsoft Azure portal is attracting customers from all verticals. We remain on track with progression to our next phase of delivery for Open preview and subsequently General Availability and are excited by the level of customer interest."

For further information, please contact:

 
 WANdisco plc                               via FTI Consulting 
 David Richards, Chief Executive Officer 
  and Chairman 
 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 
 

About WANdisco

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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July 16, 2020 08:50 ET (12:50 GMT)

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