WANdisco Plc $2.15 million China contract and notice of results (5803U)
April 01 2019 - 1:01AM
UK Regulatory
TIDMWAND
RNS Number : 5803U
WANdisco Plc
01 April 2019
1 April 2019
WANdisco plc
("WANdisco" or the "Company")
$2.15 million China contract and notice of results
WANdisco (LSE: WAND), the live data company, is pleased to
announce it has secured a contract with a leading global provider
of information and communications technology (ICT) infrastructure
and smart devices in China
(the "Client"). The agreement is valued at approximately $2.15
million and will see the Client deploy the Company's patented
Fusion platform ("Fusion").
The Client has purchased a limited perpetual license to use
Fusion across its enterprise. The Board believe that there remains
significant opportunity for further growth as the use cases for the
Client expands over time. The contract was secured by WANdisco
illustrating the capability of the Company's direct sales team to
engage with global companies.
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 software in Asia.
David Richards, Chief Executive Officer and Chairman of
WANdisco, commented:
"China remains a largely untapped market for us, but we have
steadily built our presence both with a direct sales channel as
well as our OEM with Alibaba, the largest cloud vendor in Asia. The
Client is a global company with presence in multiple geographies.
We have established a strong strategic alliance which forms a solid
platform from which to grow our opportunity in the future."
Notice of results
The Company will announce its results for the full year ended 31
December 2018 on Wednesday 24 April 2019. There will be a
presentation to analysts on the morning of results and an audio
webcast of the presentation will be made available on the Company's
website at 12.00 noon on the day.
This announcement contains inside information 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.
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.
END
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