WANdisco Plc New Big Data customer win (5741E)
February 11 2015 - 2:00AM
UK Regulatory
TIDMWAND
RNS Number : 5741E
WANdisco Plc
11 February 2015
11 February 2015
WANdisco plc
New Big Data customer win
Global bank selects WANdisco Big Data solution
One of the world's leading banks has selected WANdisco's (LSE:
WAND) Big Data solution.
Following rigorous trials, the bank has included WANdisco in its
'reference architecture' for Big Data that will be rolled out as a
standard across the bank. From an initial one-year subscription,
valued at $150,000, the bank intends to scale up its usage
significantly over time. With the bank's data infrastructure
covering tens of thousands of data nodes, the potential for its
subscription to expand in value is considerable, making it, at full
utilisation, WANdisco's largest Big Data customer to date.
The bank has been using Hadoop to capture and store the
unprecedented amount of both structured and unstructured data that
it is generating. In a production trial on the Hortonworks partner
platform, WANdisco's Non-Stop Hadoop eliminated data outages that
had previously occurred in Hadoop, improved data processing speeds
and saved costs, all at levels that were otherwise not
achievable.
The bank will initially deploy not only Non-Stop Hadoop's core
feature, 'continuous availability', but also 'selective
replication' to comply with regulatory requirements. Transactional
risk management, trade finance and regulatory reporting are just
some of the departments planning to deploy this technology.
David Richards, WANdisco Chief Executive Officer, comments:
"This new customer has Hadoop data operations across the whole
bank, which WANdisco will support in live production. The bank
intends to scale up its Non-Stop Hadoop solution very
significantly. With this latest new customer, we have signed three
of the world's top ten banks in the last three months."
For further information please contact:
WANdisco plc via FTI Consulting
David Richards, Chief Executive Officer
Paul Harrison, Chief Financial Officer
Phil Branston, VP Corporate Development
& Investor Relations
FTI Consulting +44 (0)20 3727 1000
Matt Dixon / Rob Mindell / Roger Newby
Investec (Joint Broker and NOMAD) +44 (0)20 7597 4000
Christopher Baird / Dominic Emery
UBS Investment Bank (Joint Broker) +44 (0)20 7567 8000
Rahul Luthra / Sandip Dhillon
About WANdisco
(LSE: WAND) is a provider of enterprise-ready, non-stop software
solutions that enable globally distributed organizations to meet
today's data challenges of secure storage, scalability and
continuous availability. WANdisco's products are differentiated by
the company's patented, active-active data replication technology,
serving crucial continuous availability requirements, including
Hadoop Big Data and Application Lifecycle Management (ALM),
including Apache Subversion and Git. Fortune Global 1000 companies,
including Juniper Networks, Motorola, Intel and Halliburton, rely
on WANdisco for performance, reliability, security and
availability. For additional information, please visit
www.wandisco.com.
Disclaimer
This announcement contains forward-looking statements that are
based on current expectations or beliefs, as well as assumptions
about future events. Undue reliance should not be placed on any
such statements because they are subject to known and unknown risks
and uncertainties and can be affected by other factors that could
cause actual results, and WANdisco's plans and objectives, to
differ materially from those expressed or implied in the
forward-looking statements. WANdisco undertakes no obligation to
revise or update any forward-looking statement contained within
this announcement, regardless of whether those statements are
affected as a result of new information, future events or
otherwise, save as required by law and regulations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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