Data software firm is hired by multinational insurance group

Live data company WANdisco has signed a contract worth $630,000/£480,000 with one of the largest insurance groups in Europe.

The group intends to move large amounts of Internet of Things (IoT) data, originally collected from connected cars to the cloud, enabling it to implement new insurance models based on driving behaviours.

Sheffield-headquartered WANdisco was chosen as the preferred solution provider, as the group was looking for a cloud-agnostic provider that offered the flexibility to transfer data to multiple cloud platforms, in line with its multi-cloud strategy.

As the Group operates in over 30 countries across Europe and Asia, WANdisco forecasts revenue from this Group has the potential to grow beyond the initial $630,000 agreement, as the Group migrates increasing amounts of data over time.

David Richards, CEO and co-founder of WANdisco, said: “This deal underpins our excitement about the size of our market opportunity in cloud and IoT.

“This agreement with one of the world’s largest insurance groups has significant upside potential for our partnership to scale further under our Commit-to-Consume contract model.

“We are hugely confident about gaining further market share. Our pipeline of growth opportunities in the IoT space remains strong as we progress through this year.”