Record $4.3 million contract secured through IBM OEM partnership. The Company continues to demonstrate that WANdisco Fusion is the only solution that can enable organisations to seamlessly move large volumes of live data with consistent and continuous availability whilst meeting regulatory requirements.
Record contract win with one of the world’s leading financial institutions to deploy the Company’s patented live data platform, WANdisco Fusion. The agreement, which is the second multi-million dollar contract in the financial services sector secured by WANdisco during 2017, will be delivered through the Company’s IBM OEM partnership and is valued at $4.32 million in royalties to be paid to WANdisco.
WANdisco Fusion was selected after an extensive period of testing and was deemed to be the only enterprise-grade solution able to support critical Cloud and Big Data applications. Fusion will be used to enable the Client to move critical live data seamlessly between both primary and disaster recovery sites and the Cloud whilst ensuring the data is always available.
David Richards, Chief Executive Officer and Interim Chairman of WANdisco, commented:
“We are delighted to have secured this record contract win, which further endorses our strong credentials within the financial services sector as well as providing additional validation that our IBM partnership is successfully delivering our solutions into very large enterprise customers.
“As a result of Fusion’s unique capability, we have developed a significant new business pipeline across multiple industry verticals not only through our partnership with IBM, but via our other channel partners, as we maximise our routes to market.”