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Sheffield’s WANdisco seals contracts worth $1m

david-richards-wandisco

Sheffield live data firm WANdisco has revealed it has signed contracts worth around $1million (£770,000).

The company said the contract renewals were with a large US financial institution in partnership with the Oracle Big Data Appliance, and with a global hi-tech company. Both are existing WANdisco customers and the contracts include renewal and increased usage for WANdisco’s Fusion technology.

The news comes as the company says it has raised $16.5m (£12.8m) through a share issue to support relationships with cloud partners and provide working capital.

In September, WANdisco reported operating losses of $16.5m (up from $12.2m in 2018) for the previous six months.

David Richards (pictured), CEO and chairman of WANdisco, 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.”

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