WANdisco rev­enues boost as group hails China deal

Yorkshire Post - Business - - FRONT PAGE -

LIVE DATA firm WANdisco has hailed a “tremen­dous” 2017 as the Sh­effield-based firm saw rev­enues in­crease 73 per cent, driven by cloud and big data book­ings.

WANdisco also an­nounced an Orig­i­nal Equip­ment Man­u­fac­turer (OEM) sales agree­ment with Alibaba Cloud, the cloud com­put­ing arm of the Alibaba Group in China.

Rev­enues in­creased 73 per cent to $19.6m in the year ended De­cem­ber 31, 2017, at WANdisco.

Book­ings were up 45 per cent year-on-year to $22.5m with de­mand for WANdisco’s flag­ship Fu­sion prod­uct up 121 per cent. David Richards, CEO and

The chair­man of WANdisco, told York­shire Post

that book­ings were be­ing driven by the adop­tion of big data and cloud com­put­ing by ma­jor cor­po­ra­tions.

Un­der the sales agree­ment with Alibaba, the WANdisco Fu­sion prod­uct, which seam­lessly repli­cates trans­ac­tional data, will be sold as a stan­dard com­po­nent on the Alibaba Cloud.

Mr Richards said: “This is re­ally good news for our share­hold­ers be­cause it now opens up an­other sig­nif­i­cant mar­ket in cloud com­put­ing.”

He added: “Some of the world’s largest datasets are in China. There’s quite a big de­sire to move those into the Alibaba cloud. That’s why Alibaba have signed this deal with us.”

WANdisco, which em­ploys around 60 staff in Sh­effield, ex­pects the im­mi­nent in­tro­duc­tion of Gen­eral Data Pro­tec­tion Reg­u­la­tion (GDPR) in Europe to drive more work. Com­pa­nies are con­cerned about data prove­nance and se­cu­rity. Mr Richards be­lieves WANdisco is the so­lu­tion to that prob­lem.

The big data firm also nar­rowed its ad­justed EBITDA loss from $7.5m in 2016 to $600,000 in 2017.

Look­ing ahead to 21018, Mr Richards said the firm is look­ing to con­tinue its growth.

“We’re very ex­cited about the op­por­tu­ni­ties that are open­ing up for us in cloud,” he said.

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