SAN RAMON, California,
January 8, 2019 /PRNewswire/ --
WANdisco and IBM Db2
Big SQL product significantly expands addressable
LiveData market
WANdisco (LSE: WAND), the LiveData company, has launched a new
joint engineered solution with IBM to support relational database
technology for the first time, significantly expanding the Group's
addressable market.
The IBM Db2 Big SQL solution was jointly engineered
between IBM and WANdisco to extend the capability of IBM Big
Replicate (IBM's product name for WANdisco Fusion) to support
scenarios where customers are looking to take advantage of hybrid
cloud. SQL is a language used in programming and designed for
managing data held in a relational database management system. This
is the first time that WANdisco has supported relational database
technology, building upon existing Hadoop solutions to include SQL
applications and private cloud.
IBM® Db2 Big SQL is a hybrid, high performance SQL engine for
Hadoop, with support for a variety of data sources including HDFS,
RDBMS, NoSQL databases, object stores and WebHDFS. Big SQL offers
low latency queries, security, SQL compatibility, and Enterprise
Data Warehouse (EDW) and federation capabilities. This enables
organizations to derive value from enterprise data, allowing Data
Scientists, Business Analysts, and Database Managers to access data
where it resides, scale with cloud-ready flexibility, and improve
query performance with numerous concurrent users.
WANdisco's relationship with IBM strengthened significantly in
2018 as the Group increased its royalty percentage to 50%
(previously 30%) and agreed a guaranteed annual royalty commitment.
New customers with IBM were secured in insurance, banking,
telecommunications and with the US Government and on 27 December 2018 the Group won a three-year
contract through IBM with a major American managed healthcare
company valued at approximately $700k
in royalties.
David Richards, Chief
Executive Officer and Chairman of WANdisco,
commented:
"This co-engineered SQL solution with IBM is an
exciting breakthrough for WANdisco as this is the first time that
our technology has been applied to SQL data. This launch also
represents a significant advancement of
our relationship with a key partner and the scope of our
addressable market in IBM's channel.
WANdisco's unique technology presents great
opportunity to collaborate with partners to address novel data
requirements that previously have not been possible to
meet.
Our close relationship with IBM was built upon further in
2018 with an increased royalty percentage
and substantial client contracts. We look forward to growing
opportunities with IBM in the year ahead, leveraging our new
co-engineered product to address as yet untapped data
requirements."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the
publication of this announcement, this inside information is now
considered to be in the public domain.
For the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055, this announcement is being made on
behalf of the Company by David
Richards, CEO and Chairman.
About WANdisco
WANdisco is shaping the future of data infrastructure with its
groundbreaking Live Data platform, enabling companies to put all
their data to work for the business - all the time, at any
scale.
WANdisco makes data always available, always accurate, and
always protected, delivering hyperscale economics to support
exponential data growth with the same IT budget. With significant
OEM relationships with IBM and Dell EMC and go-to-market
partnerships with Amazon Web Services, Cisco, Microsoft Azure,
Google Cloud, Hewlett Packard Enterprise, Oracle and other industry
titans - as well as hundreds of customers among the Global 2000 -
WANdisco is igniting a Live Data movement worldwide.
For further information please contact:
WANdisco plc
David Richards, Chief Executive
Officer and Chairman
Erik Miller, Chief Financial Officer
via FTI Consulting
FTI Consulting
Matt Dixon / Harry Staight / Chris
Birt / Kwaku Aning
+44(0)20-3727-1137
Stifel (Nomad and Joint Broker)
Fred Walsh / Neil Shah / Alex
Price / Rajpal Padam
+44(0)20-7710-7600
Peel Hunt (Joint Broker)
Edward Knight / Nick Prowting
+44(0)20-7418-8900
WH Ireland (Joint Broker)
Adam Pollock
+44(0)20-7220-1666