WANdisco Inks USD2 Million Contract In China For Fusion Platform

LONDON (Alliance News) - WANdisco PLC on Monday said it secured a USD2.2 million contract with an ...

Alliance News 1 April, 2019 | 10:05AM
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LONDON (Alliance News) - WANdisco PLC on Monday said it secured a USD2.2 million contract with an unnamed provider of information and communications technology, infrastructure and smart devices in China.

WANdisco shares were trading up 7.1% at 668.00 pence each.

WANdisco is a data-management software company whose platform, Fusion, ensures the consistency of data across different cloud systems, maintaining it available and accurate from any location at anytime.

The contract will see the unnamed client deploy WANdisco's patented Fusion platform across its enterprise.

"China remains a largely untapped market for us, but we have steadily built our presence both with a direct sales channel as well as our original equipment manufacturing with Alibaba, the largest cloud vendor in Asia," Chief Executive David Richards said.

"The client is a global company with presence in multiple geographies. We have established a strong strategic alliance which forms a solid platform from which to grow our opportunity in the future."

By Elena Cherubini; elenacherubini@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Security Name Price Change (%) Morningstar Rating
Wandisco PLC 620.00 GBX -3.13 -
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