WANdisco Plc SQL product launch with IBM (4353M)
January 08 2019 - 2:00AM
UK Regulatory
TIDMWAND
RNS Number : 4353M
WANdisco Plc
08 January 2019
8 January 2019
WANdisco plc
("WANdisco," the "Company" or the "Group")
Product launch with IBM to support relational database
technology
WANdisco and IBM Db2 Big SQL product significantly expands
addressable LiveData market
WANdisco (LSE: WAND), the LiveData company, has launched a new
joint engineered solution with IBM to support relational database
technology for the first time, significantly expanding the Group's
addressable market.
The IBM Db2 Big SQL solution was jointly engineered between IBM
and WANdisco to extend the capability of IBM Big Replicate (IBM's
product name for WANdisco Fusion) to support scenarios where
customers are looking to take advantage of hybrid cloud. SQL is a
language used in programming and designed for managing data held in
a relational database management system. This is the first time
that WANdisco has supported relational database technology,
building upon existing Hadoop solutions to include SQL applications
and private cloud.
IBM(R) Db2 Big SQL is a hybrid, high performance SQL engine for
Hadoop, with support for a variety of data sources including HDFS,
RDBMS, NoSQL databases, object stores and WebHDFS. Big SQL offers
low latency queries, security, SQL compatibility, and Enterprise
Data Warehouse (EDW) and federation capabilities. This enables
organizations to derive value from enterprise data, allowing Data
Scientists, Business Analysts, and Database Managers to access data
where it resides, scale with cloud-ready flexibility, and improve
query performance with numerous concurrent users.
WANdisco's relationship with IBM strengthened significantly in
2018 as the Group increased its royalty percentage to 50%
(previously 30%) and agreed a guaranteed annual royalty commitment.
New customers with IBM were secured in insurance, banking,
telecommunications and with the US Government and on 27 December
2018 the Group won a three-year contract through IBM with a major
American managed healthcare company valued at approximately $700k
in royalties.
David Richards, Chief Executive Officer and Chairman of
WANdisco, commented:
"This co-engineered SQL solution with IBM is an exciting
breakthrough for WANdisco as this is the first time that our
technology has been applied to SQL data. This launch also
represents a significant advancement of our relationship with a key
partner and the scope of our addressable market in IBM's channel.
WANdisco's unique technology presents great opportunity to
collaborate with partners to address novel data requirements that
previously have not been possible to meet.
Our close relationship with IBM was built upon further in 2018
with an increased royalty percentage and substantial client
contracts. We look forward to growing opportunities with IBM in the
year ahead, leveraging our new co-engineered product to address as
yet untapped data requirements."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR"). Upon the
publication of this announcement, this inside information is now
considered to be in the public domain.
For the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055, this announcement is being made on
behalf of the Company by David Richards, CEO and Chairman.
For further information please contact:
WANdisco plc via FTI Consulting
David Richards, Chief Executive Officer and
Chairman
Erik Miller, Chief Financial Officer
FTI Consulting
Matt Dixon / Harry Staight / Chris Birt / Kwaku +44 (0)20 3727
Aning 1137
Stifel (Nomad and Joint Broker)
Fred Walsh / Neil Shah / Alex Price / Rajpal +44 (0)20 7710
Padam 7600
Peel Hunt (Joint Broker) +44 (0)20 7418
Edward Knight / Nick Prowting 8900
WH Ireland (Joint Broker) +44 (0)20 7220
Adam Pollock 1666
About WANdisco
WANdisco is shaping the future of data infrastructure with its
groundbreaking Live Data platform, enabling companies to put all
their data to work for the business - all the time, at any
scale.
WANdisco makes data always available, always accurate, and
always protected, delivering hyperscale economics to support
exponential data growth with the same IT budget. With significant
OEM relationships with IBM and Dell EMC and go-to-market
partnerships with Amazon Web Services, Cisco, Microsoft Azure,
Google Cloud, Hewlett Packard Enterprise, Oracle and other industry
titans - as well as hundreds of customers among the Global 2000 -
WANdisco is igniting a Live Data movement worldwide.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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