WANdisco deal lifts shares

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WANdisco deal lifts shares

AIM-listed machine learning software specialist WANdisco (LON:WAND) saw its share price climb by 2.57% to 638p (as of 15:10 BST) after it signed a deal with a major UK supermarket. The initial deal is worth up to $1 million and the company said that it had also seen strong uptake of its Azure Cloud product during the first month of public preview.

CEO David Richards commented: “This deal with one of the UK’s largest supermarkets reflects trends across the global retail industry to harness the power of big data and analytics through the cloud. With the backdrop of COVID-19, retailers are fast tracking their cloud journeys as digital and physical commerce become ever more intertwined. Our momentum registering new customers for our embedded product, with eleven signing in the first month of operation, provides further confidence in our partner led strategy“.

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