WANdisco Plc WANdisco contract with top five UK bank (3544V)
13 Diciembre 2021 - 1:00AM
UK Regulatory
TIDMWAND
RNS Number : 3544V
WANdisco Plc
13 December 2021
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:
WANdisco plc via FTI Consulting
David Richards, Chief Executive Officer
and Chairman
Erik Miller, Chief Financial Officer
Daud Khan, VP Corporate Development
+44 (0)20 3727
FTI Consulting 1137
Matt Dixon / Kwaku Aning / Tom Blundell
+44 (0)20 7710
Stifel (Nomad and Joint Broker) 7600
Fred Walsh / Richard Short
Panmure Gordon (Joint Broker) +44 (0)20 7886
Erik Anderson / Alina Vaskina 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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