WANdisco surges on new deal reveal

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WANdisco surges on new deal reveal
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AIM-listed data specialist WANdisco (LON:WAND) has signed its largest ever contract with a US healthcare provider, valued at $3 million over three years. Under the terms of the deal, WANdisco will provide its cloud and big data platform to the client, which has more than 22,000 employees and 15 million members.

CEO and Chairman David Richards commented: “I am delighted to announce our largest ever cloud deal. This reflects our continued focus upon predictable recurring revenues. The $3 million contract initially spans three years, but there is significant potential to expand this further to meet their developing data requirements This contract illustrates the significant traction we are gaining in healthcare and other key industries. Our pipeline continues to grow, and we remain confident and excited about our future.

“The customer has vast data streams which need to be consistently and continuously available during migration to cloud, hybrid cloud and multi-cloud. WANdisco Fusion remains the only technology capable of fulfilling this. This is an excellent demonstration of how we continue to enable the migration of critical live data at scale for Microsoft Azure, and other cloud leaders.

The price of WANdisco shares rose by 8.33% to 455p (as of 14:30 GMT).

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