Advertisement

WANDisco secures first sale of Big Data solutions product

AIM-listed specialist software provider Wide Area Network Distributed Computing WANdisco, has secured the first sale of its Big Data solutions product to a UK telecoms operator.

AIM-listed specialist software provider Wide Area Network Distributed Computing WANdisco, has secured the first sale of its Big Data solutions product to a UK telecoms operator.

The company did not disclose the financial details of the contract but confirmed that the customer had signed a 12-month subscription licence agreement.

Under the terms of the agreement, WANDisco said that the customer would use WANdisco's Hadoop Console - a plug-and-play software to deploy, manage and monitor enterprise-class Hadoop clusters - and its Non-Stop NameNode.

Advertisement - Article continues below

Within the context of information technology, a 'Hadoop' refers to a form of platform used to store large volumes of data securely.

David Richards, Chairman and Chief Executive Officer of WANdisco, said: "This is a real landmark for all of us at WANdisco. For many months we have talked passionately about the opportunities open to us in the Big Data arena and in the past few weeks we have rolled-out a truly unique set of enterprise products to help capture this opportunity."

He added: "Today, we have taken the first, exciting step toward proving that the opportunity is real. This first customer win serves as clear evidence that some of the world's largest, most innovative companies know they must get to grips with the Big Data challenge and - perhaps even more importantly - are prepared to trust WANdisco to help them do that."

WANDisco's share price was up 2.88% to 802.50p at 11:40 on Thursday.

MF

Advertisement
Advertisement

Recommended

Visit/investments/investment-strategy/601044/broker-safety-your-questions-answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Visit/investments/investment-strategy/600861/how-demographics-affects-stock-valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Visit/investments/stocks-and-shares/600863/sirius-minerals-anglo-american-takeover
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Visit/investments/stockmarkets/600634/why-investors-should-be-cautiously-bullish-for-2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Visit/investments/property/601606/house-prices-crash-uk-property-prices-falling-where-next
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020
Visit/economy/inflation/601584/the-end-of-the-bond-bull-market-and-the-return-of-inflation
Inflation

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020
Visit/investments/stockmarkets/601611/nasdaq-all-time-high-markets-and-the-real-economy
Stockmarkets

How can markets hit new record highs when the economy is in such a mess?

Despite the world being in the midst of a global pandemic, America's Nasdaq stock index just hit an all-time high. And it's not the only index on a bu…
3 Jul 2020