WANdisco (WAND) signed a contract with a Fortune 500 technology company worth over $500,000, the company said on Tuesday.
WANdisco’s Fusion solution enables organisations to seamlessly move large volumes of data with consistent and continuous availability whilst meeting regulatory requirements.
WANdisco said the contract is with an existing customer that renewed and expanded its relationship and commitment to its Fusion technology.
David Richards, CEO and Chairman of WANdisco, commented: "We continue to see demand from existing customers to further commit to our unique Fusion technology as a core enabler of their cloud ecosystem.”
Shares in WANdisco were trading 3.42% lower at 353.5p on Tuesday
As cloud data use cases continue to scale at pace for global corporates, WANdisco saidits Fusion technology is “a key enabler” of corporates’ expanding requirements in terms of both volume and complexity.
Mr. Richards added: “As discussed in our interim results, we have a significant pipeline in H2 and beyond of customer renewals and new customer commitments which the Company is focussed on delivering.”
“WANdisco remains the partner of choice for global corporates with mission critical data requirements."
The contract comes a day after the AIM-listed firm raised $16.5 million in a subscription from institutional investors.
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