Shares jumped 11% on the news, adding to the incredible 200% rally since 1 January 2017.
Companies: Cirata Plc
Data replication specialist WANdisco says it has secured a $2m contract with one of the world's largest retailers, to supply its Big Data Cloud product WANdisco Fusion for three and a half years.
News of the deal sent shares up 11% early on Wednesday, adding to the incredible 200% rally the stock has enjoyed since 1 January 2017.
CEO David Richards said WANdiscos technology would enable the unnamed client to move large volumes of data to upgrade its systems.
He added that the contract was the first deal WANdisco had made in the retail sector, and therefore demonstrated that the requirement for Fusion exists in multiple industries around the world.
"Our strong contract momentum continues to highlight Fusion's unique ability to empower global organisations to leverage their Big Data applications and unlock the full potential of Cloud analytics."
WANdisco has had an impressive start to 2017, with several earnings upgrades driving the share price up 200%.
