19 DECEMBER 2016 Philip Waller, The Wall Street Journal
WANdisco wins $1 million contract with major automotive group
Information technology group WANdisco PLC (WAND.LN) said Monday it has won a $1 million contract with a major unidentified automotive manufacturer through its sales partnership with International Business Machines Corp. (IBM).
WANdisco, which provides continuous availability software for global enterprises to move data without disruption, said it will supply its patented cloud product, WANdisco Fusion, rebranded as IBM Big Replicate, direct to the customer.
The agreement is valued around $1 million in royalties to be paid to WANdisco.
At 0816 GMT, shares were up 7.5 pence, or 3.8%, at 205 pence.