Business
Business Update
Business Update.
About this update from Cirata Plc
[{"type":"text","content":"\n \n \n RNS Number : 4718H\n WANdisco Plc\n 25 March 2020\n \n \n \n \n 25 March 2020\n \n \n \n \n \n WANdisco plc\n \n \n (\"WANdisco\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Business Update\n \n \n \n \n \n WANdisco plc (the \"Company\") issues the following update: \n \n \n \n \n \n Significant Contract Win & Business Update\n \n \n Business momentum since the Company's Trading Update in February has been very encouraging. In the next few weeks, we expect to enter full public availability with our embedded Fusion Resource Provider (\"FRP\") product with Microsoft. As a result of this success, the Company has won a contract, worth $1 million, with a division of one of the world's largest media and telecommunications companies. WANdisco Fusion will be used to keep data in sync across on-premise locations and the Microsoft Azure cloud to enable analytical and machine learning data use cases. The uniqueness of Fusion resulted in WANdisco being the only vendor considered for the customer's data consistency solution. The Company sees further near-term opportunities working with this customer and Microsoft.\n \n \n \n \n \n Results Date and Capital Markets Day\n \n \n Following the Financial Conduct Authority's (FCA) strong request to all listed companies to delay the publication of preliminary financial statements, the publication of the Group's \n FY19 results will now take place on Tuesday, 21 April.\n \n \n \n \n \n The Company also intends to host a Capital Markets Day in the summer months, to provide further context around\n recent and positive developments in its partnership ecosystem, product set and growing market opportunity.\n \n \n \n \n \n David Richards, CEO and Chairman of WANdisco commented:\n \n \n \n \n \n \"Despite the ongoing restrictions brought about by the COVID-19 pandemic, our customers continue to see the underlying imperative of moving data to the cloud. The advantages this brings of both cloud economics and the ability to run sophisticated machine learning applications is proving extremely valuable to the many organizations working in difficult, distributed and remote settings at this time.\n \n \n \n \n \n \"I am pleased to see our product initiatives continue to progress as planned and look forward to entering public preview ...