16th Aug 2023 08:50
(Alliance News) - WANdisco PLC shares jumped on Wednesday, after it said that it has signed a multi-project contract with General Motors Co.
Shares in the Sheffield, England-based data migration platform were up 7.5% to 87.10 pence each in London early Wednesday. Over the last 12 months, the stock is down 74%.
General Motors has signed a master license agreement with WANdisco as a new customer to move petabyte-scale data to the Microsoft Azure Cloud using WANdisco Data Migrator for Azure.
General Motors is the Detroit, Michigan-based carmaker behind brands such as Cadillac and Chevrolet.
The agreement enables continuous data movement through the use of WANdisco software and services over a number of different use cases to be transacted through the Microsoft Azure Marketplace, WANdisco explained.
The first phase of the relationship sees General Motors committing to moving at least 3.3 petabytes of data with a contract value of over USD400,000.
"The simplified structure of the deal on the Azure Marketplace strongly supports the power of WANdisco's partnership go-to-market model with leading cloud service providers to seamlessly deliver high impact data integration solutions that accelerate business impact," the company said.
By Sophie Rose, Alliance News reporter
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