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WANdisco secures $1m in renewal and expansion contracts

By Iain Gilbert

Date: Tuesday 03 Dec 2019

WANdisco secures $1m in renewal and expansion contracts

(Sharecast News) - Live data company WANdisco signed renewal and expansion contracts worth roughly $1m on Tuesday as the group continued to see customers look to its Fusion technology as an enabler of their expanding requirements.
WANdisco said the contract renewals were with a "large US financial institution" in partnership with the Oracle Big Data Appliance and with a "global hi-tech company".

Both companies are existing WANdisco customers.

Chief executive David Richards said: "We continue to execute against our objectives and it's pleasing to see customers continue to commit to and expand the use our unique technology in partnership with Blue Chips such as Oracle.

"There is a real need for data consistency and data availability across the world - our Fusion technology is at the heart of that trend - and the momentum we are seeing with both partners and customers reflects this."

As of 0840 GMT, WANdisco shares were down 2.30% at 340p.

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