TIDMWAND

RNS Number : 5890W

WANdisco Plc

28 April 2016

28 April 2016

WANdisco launches OEM sales partnership with IBM

-- WANdisco Fusion to be embedded as a standard component in select IBM software solutions

-- Extended partnership significantly expands Fusion's addressable market and sales channel with joint development expected

WANdisco (LSE: WAND) has entered into a non-exclusive OEM ('Original Equipment Manufacturer') sales agreement with IBM under which IBM intends to sell WANdisco's Fusion data replication product.

Fusion will be sold as a standard IBM-branded component of IBM storage and analytics products, covering Hadoop or non-Hadoop, and on-premise or cloud environments. In addition, IBM will have access to the Fusion Software Development Kit ('SDK') to create new additions to IBM solutions, enabling self-sufficiency in extending the use of Fusion. This agreement represents a substantial increase in our addressable market and a significant extension of our channel strategy.

Ritika Gunnar, VP, IBM Big Data and Analytics, commented on the importance of data replication for IBM's big data and cloud strategy during a March 2016 interview with Silicon Angle*: "IBM's platform is about all insight on all data, not only on-premise but also in the cloud, where the majority of data is being generated and where the majority of the growth is. With WANdisco Fusion we can activate all data - whether it's on premise, in the cloud or in multiple Hadoop distributions - and ensure it's continuously available everywhere customers want to use it."

WANdisco will receive a royalty on the Fusion component of IBM sales. Whilst we expect that revenues will begin to flow during the second half of this year, we will provide further guidance once product launches have taken place and initial customer uptake has been evaluated.

Joint development work, funded by IBM, will complete the integration of Fusion with the IBM platform over the coming months. The impact upon WANdisco's operating costs, net of IBM's funding contribution, is expected to be minimal in the short term.

David Richards, WANdisco Chief Executive, comments:

"The extension of our IBM partnership into an OEM firmly embeds Fusion into IBM's offerings. We now will benefit from IBM's global sales reach and economies of scale in delivering our product.

This agreement marks a significant milestone in our emergence as a critical part of cloud data and storage infrastructure. Whilst our initial focus is on IBM's big data and cloud offerings, our agreement also enables IBM to use Fusion, over time, to replicate data across additional applications requiring continuous data. It is a strong endorsement of WANdisco's unique technology, from the world's largest big data and cloud company."

Further information

*The March 2016 interview with Silicon Angle in which WANdisco and IBM discuss their relationship can be seen here.

Inquiries

 
                                             via FTI Consulting 
 WANdisco plc                                 LLP 
 David Richards, Chief Executive 
  Officer 
  Paul Harrison, Chief Financial 
  Officer 
  Phil Branston, VP Corporate Development 
  & Investor Relations 
 
                                             +44 (0)203 727 
 FTI Consulting                               1000 
 Matt Dixon / Dwight Burden / Rob 
  Mindell 
 
                                             +44 (0)207 597 
 Investec (Joint Broker and NOMAD)            4000 
 Christopher Baird / Dominic Emery 
 
 UBS (Joint Broker)                          +44 (0)207 567 
  Rahul Luthra / Sandip Dhillon               8000

About WANdisco plc

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 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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