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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 : 4120D
WANdisco Plc
26 June 2019
26 June 2019
WANdisco plc
("WANdisco" or the "Company")
$750k China contract
WANdisco (LSE: WAND), the live data company, has secured a contract with one of the largest manufacturers of mobile handsets in the world, based in China (the "Client"). The agreement is valued at approximately $750k and will see the Client deploy the Company's patented Fusion platform ("Fusion").
The Fusion contract is a limited perpetual license, with opportunity for growth over time, as the client's dataset expands in line with its expansion in the global handset market. The contract is the second deal secured directly by WANdisco in the region this year, reflecting the growing demand in China for the Group's solutions.
China represents a significant opportunity for the Company with the cloud marketplace undergoing rapid expansion including the proliferation of multi-cloud uses for technologies such as artificial intelligence and edge computing. Together with its OEM relationship with Alibaba, the Directors believe that the Company is in a strong position to take advantage of the growing opportunity for its solution in Asia.
David Richards, Chief Executive Officer and Chairman of WANdisco, commented:
"We are seeing great promise in the China region, which has adopted data on a mass scale to address the unique challenges of serving a 1.4bn population. This is the second deal secured in the region through our direct sales channel this year, in this instance with one of the world's largest handset manufacturers. Despite China being a complex and often challenging market, we are seeing strong interest in our Fusion technology throughout the region."
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 3727 FTI Consulting 1137 Matt Dixon / Harry Staight / Chris Birt / Kwaku Aning +44 (0)20 7710 Stifel (Nomad and Joint Broker) 7600 Fred Walsh / Neil Shah / Alex Price / Rajpal Padam +44 (0)20 7418 Peel Hunt (Joint Broker) 8900 Edward Knight / Nick Prowting +44 (0)20 7220 WH Ireland Limited (Joint Broker) 1666 Adam Pollock
About WANdisco
WANdisco is the LiveData company that empowers enterprises to revolutionize their IT infrastructure with its groundbreaking distributed coordination engine (DConE) in the WANdisco Fusion platform, enabling companies to generate hyperscale economics with the same IT budget - across multiple development environments, data centers, and cloud providers. WANdisco Fusion powers hundreds of the Global 2000, including Cisco Systems, Allianz, AMD, Juniper, Morgan Stanley and more. With significant OEM relationships with IBM and Dell EMC and go-to-market partnerships with Amazon Web Services, Cisco, Microsoft Azure, Google Cloud, Oracle, Alibaba and other industry titans - WANdisco is igniting a LiveData movement worldwide.
For more information on WANdisco, visit http://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.
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(END) Dow Jones Newswires
June 26, 2019 02:00 ET (06:00 GMT)
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