3rd Dec 2019 14:29
(Alliance News) - WANdisco PLC on Tuesday said it has signed around USD1 million worth of renewal and expansion contracts with two existing customers.
Shares in live data company WANdisco were down 3.5% at 336.00 pence in London in afternoon trading.
One renewal is "with a large US financial institution" and the other is with a "global hi-tech company", though the names of either customer were not disclosed and neither were the precise value of each contract.
Both of the contracts include the renewal and expansion of usage for WANdisco's Fusion technology, which allows companies to move large volumes of data and makes data continuously available at all times and locations.
Chief Executive & Chair David Richards said: "We continue to execute against our objectives and it's pleasing to see customers continue to commit to and expand the use our unique technology in partnership with Blue Chips such as Oracle. There is a real need for data consistency and data availability across the world - our Fusion technology is at the heart of that trend - and the momentum we are seeing with both partners and customers reflects this.
By Anna Farley; [email protected]
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