Business
$1.5m contract win with a global telco
$1.5m contract win with a global telco.
About this update from Cirata Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6724F\n WANdisco Plc\n 23 March 2022\n \n \n \n \n 23 March 2022\n \n \n \n \n \n WANdisco plc\n \n \n \n \n \n (\"WANdisco\" or the \"Company\")\n \n \n \n \n \n $1.5m contract win with a global telco\n \n \n \n \n \n \n LiveData Migrator and \n \n \n LiveData Migrator for Azure\n \n \n \n \n \n General Availability leads to significant contract win\n \n \n \n \n \n \n 8 petabytes of data to be migrated to the cloud with no business disruption\n \n \n \n \n \n \n Potential to expand use case\n \n \n \n \n \n across geographies\n \n \n \n \n \n \n \n \n WANdisco\n \n \n (LSE: WAND), the LiveData company\n , today announces a deal worth $1.5m with a top ten global telecommunications company (the \"Customer\"). The Customer will utilise WANdisco's LiveData Migrator (\"LDM\") and LiveData Migrator for Azure (\"LDMA\") to automate the migration of Hadoop data to AWS and Azure. This contract is structured as a Commit-to-Consume transaction. \n \n \n \n \n \n The Customer is one of\n the largest global service suppliers of \n Internet of Things ('IoT') applications. Currently, it \n collects data from smart meters and loads that data to an on-premise Hadoop cluster. The Customer will use WANdisco's LDM and LDMA products to migrate that data from an on-premise Hadoop cluster to multiple cloud providers (Azure and AWS). This initial opportunity is to migrate 8 petabytes of data from Hadoop to the cloud with the potential to extend this use case across architectures and geographies. \n \n \n In the future, the Customer plans to change the architecture so that the smart meter data is transferred directly from the smart hubs (edge platforms) to the cloud, while eliminating the use of Hadoop. \n Under WANdisco's Commit-to-Consume contract structure, WANdisco's revenues from this Customer will grow beyond the initial $1.5m as the Customer migrates an increasing amount of data.\n \n \n \n \n \n As the Customer needed a cloud agnostic tool to move large amounts of data from on-premise Hadoop to multiple different clouds, WANdisco was chosen for its ability to support the migration of data to several cloud providers. Additionally, WANdisco's ability to migrate data at scale without requiring any system downtime, along with its capacity to automatica...