Cirata (CRTA)

Sector:

IT Services

 67.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,310.00
  • 52 Week Low: 48.80
  • Currency: UK Pounds
  • Shares Issued: 114.96m
  • Volume: 184,023
  • Market Cap: £77.02m

WANdisco enters partnership with cloud specialist Snowflake

By Josh White

Date: Thursday 11 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Data technology company WANdisco announced a partnership with cloud specialist Snowflake on Thursday, to "automate, accelerate and simplify" the migration of on-premises 'Hadoop' analytics workloads to Snowflake's data platform.
The AIM-traded firm said the partnership would open a new distribution channel, with Snowflake's 4000 customers and "significant" market share of Fortune 500 customers.

It explained that businesses were increasingly seeking to take advantage of modern data and artificial intelligence (AI) services in the cloud.

WANdisco said combining its 'LiveData Migrator' capabilities of migrating large-scale Hadoop analytical workloads with Snowflake's platform would enable enterprises to efficiently adopt a new analytics platform in the cloud.

"WANdisco's LiveData Migrator has proven its capabilities to seamlessly move data lakes to the cloud with several Fortune 500 companies," said co-founder and chief executive officer David Richards.

"Snowflake is seeing increased demand from enterprises seeking to migrate Hadoop workloads to Snowflake's Data Cloud."

Richards said the partnership would give enterprises "peace of mind" with accelerated Hadoop data migrations to Snowflake's platform.

"This partnership ensures enterprises have a powerful option to move their organisation to the cloud and take advantage of increased productivity, security and insightful data analytics available to employees anywhere at any time, whilst doing so at scale if needed."

At 1013 GMT, shares in WANdisco were up 3.38% at 481.75p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Cirata Market Data

Currency UK Pounds
Share Price 67.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 1,310.00
52 Week Low 48.80
Volume 184,023
Shares Issued 114.96m
Market Cap £77.02m

Cirata Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
71.31% below the market average71.31% below the market average71.31% below the market average71.31% below the market average71.31% below the market average
72.34% below the sector average72.34% below the sector average72.34% below the sector average72.34% below the sector average72.34% below the sector average
Income Not Available
Growth
25.44% below the market average25.44% below the market average25.44% below the market average25.44% below the market average25.44% below the market average
20.45% below the sector average20.45% below the sector average20.45% below the sector average20.45% below the sector average20.45% below the sector average

Cirata Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 2,544 @ 67.00p
16:35 409 @ 67.00p
16:35 9 @ 67.00p
16:35 3 @ 67.00p
16:35 121 @ 67.00p

Cirata Key Personnel

CEO Stephen Kelly
CFO Ijoma Maluza

Top of Page