New deal at WANDisco fall on deaf ears

The share price of AIM-listed data services specialist WANDisco (LON:WAND) has dropped by 3.55% to 353p (as of 12:10 GMT) despite the firm announcing a major customer renewal. The company said that the deal was valued at £500k and expanded the company’s relationship with a Fortune 500 client.

CEO David Richards said: “We continue to see demand from existing customers to further commit to our unique Fusion technology as a core enabler of their cloud ecosystem. 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“.