WANdisco Plc $3m initial Azure contract with major US Telecom (8350G)
30 Noviembre 2020 - 1:00AM
UK Regulatory
TIDMWAND
RNS Number : 8350G
WANdisco Plc
30 November 2020
30 November 2020
WANdisco plc
("WANdisco" or the "Company")
$3m initial Azure contract with major US Telecom
-- LiveData Migrator to migrate an initial 13PB Hadoop cluster to Microsoft Azure
-- Further opportunity to migrate over 30PB of data and to deploy multi-cloud solutions
WANdisco (WAND.L), the LiveData company, announces a contract
worth $3m with one of the world's largest telecommunications
companies ("the Customer") to migrate one of its on-premises data
lakes to Microsoft Azure as its embarks on its cloud transformation
journey. As a key partner of Microsoft, the Customer chose to
offset the purchase through its ongoing expenditure commitment to
Azure. The majority of the contract value will be recognized in
2020.
The Customer's strategic decision to migrate was driven by the
benefits that the elasticity of cloud computing provides, as the
Customer's compute usage exhibits large peaks and troughs during
the year. Additionally, cloud analytics services will promote
faster and better decision making. With these goals in mind, the
migration of on-premises data to the cloud is a critical
requirement. WANdisco's solution was chosen to mitigate the
significant challenges of moving large-scale Hadoop datasets,
particularly when the data in question continues to undergo
constant changes.
The Customer considered using physical transfer devices, open
source tools, and packaged software based on open-source software.
WANdisco's LiveData Migrator addressed all the challenges which was
demonstrated through a short production pilot where 100TB was moved
successfully over a weekend and the data was immediately available
in Azure for use by analytics services such as Azure
Databricks.
Asides from this initial project, the customer has in excess of
30PB of data that will also be required to move to the cloud over
the coming years.
David Richards, CEO and Co-founder of WANdisco commented:
"This is a landmark deal in our relationship with Microsoft
Azure. Without the engineering alliance and joint efforts from
WANdisco and Microsoft, the deal would not have been possible. This
opportunity with one of the worlds' largest telecommunications
companies is a fascinating case study for the power and uniqueness
of our technology, with further migration potential in the coming
years. The public availability of our LiveData Platform for Azure
has continued to build a growing pipeline of promising
opportunities."
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 / Chris Birt / Kwaku Aning
+44 (0)20 7710
Stifel (Nomad and Sole Broker) 7600
Fred Walsh / Richard Short
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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END
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