WANdisco Plc First deal through new Oracle partnership (5507H)

TIDMWAND

RNS Number : 5507H

WANdisco Plc

07 April 2022

7 April 2022

WANdisco plc

("WANdisco" or the "Company")

First deal through new Oracle partnership

Partnership offers WANdisco route to accelerate data lake migrations to Oracle Cloud Infrastructure

Oracle has a large, defined pipeline of opportunities

WANdisco (LSE: WAND), the LiveData company , is pleased to announce that it has agreed to a pre-pay license deal with Oracle worth $150k. This is the first deal following the announcement of WANdisco's deepening strategic partnership with Oracle to provide WANdisco's LiveData Migrator (LDM) to both Oracle and its customers, announced on 31 January 2022.

This pre-pay deal is an initial rollout across a couple of Oracle customers and serves as an early indication of the desire to strategically prioritise the movement of data to the cloud through WANdisco licenses. There is a significant further opportunity for WANdisco to support larger scale data migrations across thousands of existing Oracle customers.

As Oracle will purchase licenses directly from WANdisco for migration projects, there is already a large and defined pipeline that Oracle intends to pursue over the coming year using LDM.

WANdisco's LDM solution will automate the migration and replication of Hadoop data lakes and cloud environments to data lakehouses on Oracle's Cloud Infrastructure with zero disruption or downtime. LiveData Migrator will ensure business continuity throughout migrations and accelerate time to business insights to empower Oracle's customers, offering strong data security and integrity across a variety of data sources.

David Richards, CEO and Co-founder of WANdisco said:

"Looking forward, we expect to see our partnership with Oracle continue to strengthen and expand as we support the business and its enterprise customers with critical data migrations to the cloud, helping them to realise their data-first and digital transformation initiatives. This represents a significant further opportunity for WANdisco to support larger scale migrations across Oracle's existing customer base.

LiveData Migrator continues to serve as a valuable solution in accelerating growth, reducing costs, and improving data security and resilience, while reducing migration timelines from months or years to a matter of days. This, in turn, is accelerating time to business value for our customers and partners."

For further information, please contact:

 
 WANdisco plc                                  via FTI Consulting 
 David Richards, Chief Executive Officer 
  and Chairman 
 Erik Miller, Chief Financial Officer 
 
                                               [phone] 
 FTI Consulting                                 1137 
 Matt Dixon / Kwaku Aning / Tom Blundell 
 
                                               [phone] 
 Stifel (Nomad and Joint Broker)                7600 
 Fred Walsh / Richard Short 
 
 Panmure Gordon (Joint Broker)                 [phone] 
  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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April 07, 2022 02:01 ET (06:01 GMT)