£4.5m contract win for listed data software firm
Live data business, WANdisco, has won an inaugural IoT (Internet of Things) contract with a large European automotive components supplier.
The client has signed a contract valued at a minimum of $6m/£4.5m over five years, to replicate over an exabyte of automobile sensor data to the Google cloud.
It will deploy WANdisco’s LiveData Migrator to support its edge computing platform to replicate sensor data from automotive components in an on-premise data centre to the Google cloud for use in multiple analytics platforms.
The client’s objective is to create multiple services in the cloud to be consumed by automotive manufacturers and insurance companies.
This represents the first contract win in the IoT space for Sheffield-based WANdisco, and opens up a new and significant, market opportunity for the company.
Additionally, the client expects significant data growth over the life of the contract, representing a potentially large expansion opportunity for WANdisco.
WANdisco CEO and chairman, David Richards, said: “This contract win marks a significant moment for us and represents what is believed to be the largest ever data movement to cloud.
“It is the largest to date ‘Commit to Consume’ contract that we have signed and illustrates how we are aligning our business to the consumption models of our cloud and analytics partners.
“Our ‘Commit to Consume’ model will also offer the business improved revenue predictability, and easier upsell potential.
“Additionally, this is the first IoT use case served by our LiveData Migration solution opening up another significant market opportunity outside of the Hadoop market.”
