LONDON (ShareCast) - (Sharecast News) - WANdisco has secured a $1m contract with the "leading" information and communications technology provider in China for its Source Code Management product
The contract represents an expansion of an existing relationship with a key client and a proportion of the revenue will be recurring.

Chief executive David Richards said: "The Chinese market represents a significant untapped opportunity for us, in particular through our recently launched product with Alibaba and the enablement of resellers.

"Our ability to retain and expand key customer relationships illustrates the strength and mission criticality of our products as our market opportunity in China continues to expand."

At 1045 GMT, the shares were up 3.5% to 403.50p.

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