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WANdisco plc: $2.15 Million China Contract and Notice of Results
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WANdisco (“WANdisco” or the “Company”) (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 whsich 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.
SOURCE WANdisco plc
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