WANdisco Plc $3m initial Azure contract with major US Telecom (8350G)

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 
 
                                            [phone] 
 FTI Consulting                              1137 
 Matt Dixon / Chris Birt / Kwaku Aning 
 
                                            [phone] 
 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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November 30, 2020 02:00 ET (07:00 GMT)