WANdisco renews and expands contract with US customer

Live data company WANdisco has signed a contract valued at more than $0.5m (£0.39m) with a Fortune 500 technology company, it announced on Tuesday.

The AIM-traded firm said the contract is with an existing customer, that has renewed and expanded its relationship and commitment to its ‘Fusion’ technology.

It explained that, as cloud data use cases continued to scale at pace for global corporates, Fusion played a part as a “key enabler” of their expanding requirements in terms of both volume and complexity.

The contract was typical of the company's pipeline of renewals, with commitments with existing customers expected to continue and expand over time.

“We continue to see demand from existing customers to further commit to our unique Fusion technology as a core enabler of their cloud ecosystem,” said WANdisco chairman and chief executive officer David Richards.

“As discussed in our interim results, we have a significant pipeline in the second half and beyond of customer renewals and new customer commitments which the company is focussed on delivering.

“WANdisco remains the partner of choice for global corporates with mission critical data requirements.”

At 1346 GMT, shares in WANdisco were down 4.37% at 350p.