![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Wandisco Plc | LSE:WAND | London | Ordinary Share | JE00B6Y3DV84 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 63.60 | 63.80 | 65.20 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMWAND
RNS Number : 1636M
WANdisco Plc
10 January 2023
10 January 2023
WANdisco plc
("WANdisco" or the "Company")
$6.6m contract win with global telco
$6.6m data migration contract with European-based global
telecommunication service provider
Telecommunications sector a core and growing revenue market
for WANdisco
Significant further expansion opportunities through IoT use cases
WANdisco (LSE: WAND), the data activation platform, is pleased to announce that it has signed an initial agreement (the "Agreement") worth $6.6m with a European-based global telecommunications service provider (the "Client"). The Agreement is a one-off migration that provides for Internet of Things ('IoT') data that resides in the Client's data centre to be migrated to the cloud.
WANdisco was chosen due to its proven ability to migrate petabyte scale data. Once the migration is complete, it is expected that the Client will launch a range of IoT-related services.
With the proliferation of IoT devices, telecommunication service providers are increasingly seeing data as an important revenue opportunity. This industry vertical is a strategic target market for WANdisco with a healthy pipeline of further opportunities. The Company expects this industry to continue being a core and growing market for WANdisco.
David Richards, CEO and Chairman of WANdisco, commented :
"This is the third tier 1 global telecommunications company to choose WANdisco's solutions since the start of 2022, underpinning our unique ability to seamlessly and securely migrate large scale data from edge platforms to the cloud. As the Company has seen with other customers, WANdisco believes there is potential for significant expansion opportunities with this customer.
The IoT use case of moving data from edge platforms to the cloud, is continuing to drive a significant pipeline of opportunities for our business. Companies across multiple industry verticals face significant challenges in successfully executing this data movement and unlocking the full capabilities of the cloud. Our unique solutions and proven experience in the IoT market make us well placed to continue winning market share and supporting clients around the globe."
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 7039 Kam Bansil, Investor Relations 1901 +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) Erik Anderson / Alina Vaskina / +44 (0)20 7886 Dougie McLeod 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. 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 data activation platform for accelerating digital transformation at scale. WANdisco makes infinite data actionable across clouds and enterprises in real time. WANdisco customers unleash the business value of the cloud with zero downtime, data loss, or disruption to fuel AI and machine learning, create new services, and transform businesses. For more information about WANdisco, visit 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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
CNTUPUUAGUPWPGB
(END) Dow Jones Newswires
January 10, 2023 02:00 ET (07:00 GMT)
1 Year Wandisco Chart |
1 Month Wandisco Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions