WANdisco Plc WANdisco multi-year global automotive contract win (0516V)
09 Diciembre 2021 - 01:00AM
UK Regulatory
TIDMWAND
RNS Number : 0516V
WANdisco Plc
09 December 2021
09 December 2021
WANdisco plc
("WANdisco" or the "Company")
Largest Ever multi-year contract win with large global
automotive supplier
Contract valued at $6m over five years
Opens new IoT market beyond the Hadoop market
Client committed to replicating a minimum of 60PB per month,
with potential for expansion
WANdisco (LSE: WAND), the LiveData company, has won an inaugural
IoT (Internet of Things) contract with a large European automotive
components supplier ('the Client'). The Client has entered into a
'Commit to Consume' contract valued at a minimum of $6m over five
years, to replicate over an exabyte of automobile sensor data to
the Google cloud.
The Client is deploying WANdisco's LiveData Migrator to support
its edge computing platform to replicate sensor data from
automotive components in an on-premise data centre to the Google
cloud for use in multiple analytics platforms. The Client's
objective is to create multiple services in the cloud to be
consumed by automotive manufacturers and insurance companies.
WANdisco's unique technology was the only solution capable of
moving the sensor data to the cloud within Google's ecosystem
effectively and without disruption. This represents the first
contract win in the IoT space, and opens up a new and significant,
market opportunity for WANdisco.
This contract with the customer marks another 'Commit to
Consume' contract as described in its half year report and aligns
revenue to the consumption of services, as is the standard in the
cloud, while enhancing the predictability of future revenues. The
Client committed a minimum of $100k of revenue per month for five
years. Additionally, the Client expects significant data growth
over the life of the contract, representing a potentially large
expansion opportunity for WANdisco.
WANdisco CEO and Chairman David Richards, commented:
"This contract win marks a significant moment for WANdisco and
represents what is believed to be the largest ever data movement to
cloud. It is the largest to date 'Commit to Consume' contract that
we have signed and illustrates how we are aligning our business to
the consumption models of our cloud and analytics partners. Our
'Commit to Consume' model will also offer the business improved
revenue predictability, and easier upsell potential. Additionally,
this is the first IoT use case served by our LiveData Migration
solution opening up another significant market opportunity outside
of the Hadoop market.
The use case of moving sensor data to the cloud and the Client
creating its own cloud service is a prime example of how customers
can use WANdisco's technology on an ongoing basis, with the
potential to expand and increase the amount of data being consumed
over time."
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 7 710
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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