Cirata (CRTA)

Sector:

IT Services

Index:

FTSE AIM All-Share

27.75p
   
  • Change Today:
      0.28p
  • 52 Week High: 81.20
  • 52 Week Low: 24.50
  • Currency: UK Pounds
  • Shares Issued: 125.94m
  • Volume: 59,777
  • Market Cap: £34.95m

WANdisco secures three-year contract with US healthcare company

By Michele Maatouk

Date: Thursday 27 Dec 2018

LONDON (ShareCast) - (Sharecast News) - WANdisco has secured a three-year contract with a "major" American managed healthcare company through its original equipment maker sales partnership with IBM.
The AIM-listed company said on Thursday that the agreement will see IBM deploy its patented Big Data and Cloud product, WANdisco Fusion.

The agreement is valued at about $700k in royalties to be paid to WANdisco.

Earlier this year, the group significantly expanded its relationship with IBM, increasing the royalty percentage to 50% from 30% and agreeing a guaranteed annual royalty commitment. In addition, it has also engaged in joint engineering work to support IBM BigSQL and other products, expanding the total addressable market.

WANdisco said the healthcare client has "substantial" data requirements, with more than 45 million customers and 5,700 hospitals in its network. It is using Fusion on-premise for replication and disaster recovery. It is also the first sale of WANdisco's newly released Live backup solution.

Chief executive and chairman David Richards said: "We are continuing to gain strong traction in industries where critical data is needed to be continuously available. This is the second major healthcare deal we have agreed this month and follows our largest ever cloud deal valued at $3 million. Our pipeline with IBM continues to build and our expanded relationship means we can efficiently and profitably service on-premise contracts."

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Cirata Market Data

Currency UK Pounds
Share Price 27.75p
Change Today 0.28p
% Change 1.00 %
52 Week High 81.20
52 Week Low 24.50
Volume 59,777
Shares Issued 125.94m
Market Cap £34.95m

Cirata Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.56% below the market average16.56% below the market average16.56% below the market average16.56% below the market average16.56% below the market average
21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average
Price Trend
88.14% below the market average88.14% below the market average88.14% below the market average88.14% below the market average88.14% below the market average
91.01% below the sector average91.01% below the sector average91.01% below the sector average91.01% below the sector average91.01% below the sector average
Income Not Available
Growth
54.61% below the market average54.61% below the market average54.61% below the market average54.61% below the market average54.61% below the market average
73.17% below the sector average73.17% below the sector average73.17% below the sector average73.17% below the sector average73.17% below the sector average

Cirata Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:09 52 @ 27.75p
16:09 100 @ 28.00p
16:09 464 @ 27.50p
16:09 1,000 @ 27.50p
15:20 86 @ 27.90p

Cirata Key Personnel

CEO Stephen Kelly

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