Cirata (CRTA)

Sector:

IT Services

60.50p
   
  • Change Today:
      8.00p
  • 52 Week High: 1,310.00
  • 52 Week Low: 38.00
  • Currency: UK Pounds
  • Shares Issued: 114.96m
  • Volume: 413,280
  • Market Cap: £69.55m

WANdisco enters sales agreement with Alibaba Cloud

By Josh White

Date: Wednesday 07 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Data company WANdisco has entered into a non-exclusive original equipment manufacturer sales agreement with Alibaba Cloud - the cloud computing arm of Alibaba Group - it announced on Wednesday.
The AIM-traded firm said that under the sales agreement, WANdisco Fusion - a solution which the company said "seamlessly" replicated transactional data at petabyte scale without downtime or disruption - would be sold as a standard component on Alibaba Cloud.

That would cover several key aspects including live data migration to Alibaba Cloud, Alibaba Cloud for disaster recovery and hybrid big data with Alibaba Cloud.

The partnership represented a substantial increase in WANdisco's addressable market, the board explained, as well as a significant extension of its channel strategy.

"We believe WANdisco's unique live data platform can significantly help our customers to leverage cloud for their data computing demands, whether it is to migrate their on premise data to our cloud, utilise cloud for disaster recovery solutions or maintain a hybrid-cloud solution, while ensuring their data is always available, accurate and protected," said Alibaba Cloud chief architect Hong Tang.

David Richards, chief executive officer and interim chairman of WANdisco, added that partnering with Alibaba Cloud marked another "significant milestone" in his company's emergence as a critical part of cloud infrastructure.

"Our channel strategy has enabled us to expand our addressable market by; opening up new use cases for WANdisco Fusion, moving into new sectors, and now, growing our platform in new geographies.

"This is our first OEM agreement in the Chinese market and Alibaba Cloud is the largest provider of public cloud services in China, which adds significant market reach and scale to our business."

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Cirata Market Data

Currency UK Pounds
Share Price 60.50p
Change Today 8.00p
% Change 15.24 %
52 Week High 1,310.00
52 Week Low 38.00
Volume 413,280
Shares Issued 114.96m
Market Cap £69.55m

Cirata Star Ratings

Compare performance with the sector and the market.
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Key: vs Market vs Sector
Value
32.54% below the market average32.54% below the market average32.54% below the market average32.54% below the market average32.54% below the market average
48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average
Price Trend
52.14% below the market average52.14% below the market average52.14% below the market average52.14% below the market average52.14% below the market average
58.24% below the sector average58.24% below the sector average58.24% below the sector average58.24% below the sector average58.24% below the sector average
Income Not Available
Growth
56.21% below the market average56.21% below the market average56.21% below the market average56.21% below the market average56.21% below the market average
67.06% below the sector average67.06% below the sector average67.06% below the sector average67.06% below the sector average67.06% below the sector average

Cirata Dividends

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Trades for 14-May-2024

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16:40 30,996 @ 60.50p
16:40 2,000 @ 60.50p
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16:40 500 @ 60.50p

Cirata Key Personnel

CEO Stephen Kelly
CFO Ijoma Maluza

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