27th Feb 2025 07:00
27 February 2025
Cirata plc
("Cirata" or the "Company")
New logo in Telecom sector
First contract through partner DataBricks
First LDM DMaaS implementation
Cirata is pleased to announce completion of its first Live Data Migrator implementation under the 'data migration as a service' ("DMaaS") solution offering. This is a contract win with a new Telecommunications customer in the UAE. This will also be the first project win with Cirata's partner Databricks to enable Hadoop Distributed File System data migration to the cloud. The total contract sum will be $50,000.
DMaaS is part of Cirata's market offering to accelerate the onboarding of 'new logos', proving Cirata LDM at small scale. DMaaS projects are expected to be in the range of $50,000-$100,000. This will be an important additional leg to the Company's GTM 'land and expand' strategy. Further details of the Cirata DMaaS offering can be found here.
This announcement contains inside information under the UK Market Abuse Regulation. The person responsible for arranging the release of this announcement on behalf of Cirata plc is Larry Webster, Company Secretary.
For further information, please contact:
Cirata | Via FTI Consulting |
Stephen Kelly, Chief Executive Officer | |
Ricardo Mousa, Chief Financial Officer | |
Daniel Hayes, Investor Relations | |
FTI Consulting | +44 (0)20 3727 1137 |
Matt Dixon /Kwaku Aning / Usama Ali | |
Stifel (Nomad and Joint Broker) | +44 (0)20 7710 7600 |
Fred Walsh / Ben Good / Sarah Wong | |
Panmure Liberum (Joint Broker) | +44 (0)20 3100 2000 |
Max Jones / John More |
About Cirata
Cirata, accelerates data-driven revenue growth by automating data transfer and integration to modern cloud analytics and AI platforms without downtime or disruption. With Cirata, data leaders can leverage the power of AI and analytics across their entire enterprise data estate to freely choose analytics technologies, avoid vendor, platform, or cloud lock-in while making AI and analytics faster, cheaper, and more flexible. Cirata's portfolio of products and technology solutions make strategic adoption of modern data analytics efficient and automated. For more information about Cirata, visit www.cirata.com
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