WANdisco plc has signed a $12.7 million contract with a global automotive manufacturer as it seals a record year.
Around 80% of the data migration contract will fall in FY22, which has seen record bookings of $116m and revenue of no less than $19m.
The data activation company – headquartered in both Sheffield and California – said the contract with the European-based manufacturer is for Internet of Things data that resides in the client’s data centre to be migrated to the cloud.
Once the migration is complete, it is expected that the client will launch a range of IoT-related services.
“We are delighted to have secured this agreement with a global automotive manufacturer,” said David Richards, CEO and chairman. “This contract shows that WANdisco is the preferred choice for customers that want to seamlessly and securely migrate large scale data from on premise and edge platforms to the cloud.
“The transport industry which includes automotive manufacturers, automotive component suppliers and rail companies represents a sizeable opportunity for the company.
“Interest in the company’s solutions has accelerated and includes active discussions with several automotive manufacturers to use WANdisco’s unique technology to move data to the cloud, enabling several additional services to be offered to its customers.
“As we exit 2022, we look forward to 2023 with confidence; not only do we expect to convert the significant opportunities we have in our pipeline but we hope to see increased consumption from all of the agreements signed in 2022, providing increased revenue visibility as we progress through the year.”