Wandisco inks deal with Chinese handset manufacturer
By Iain Gilbert
Date: Wednesday 26 Jun 2019
(Sharecast News) - Live data company Wandisco has secured a contract with an unnamed Chinese manufacturer valued at approximately $750,000.
The contract will see Wandisco's patented Fusion platform be deployed by its mystery client, one of the "largest manufacturers of mobile handsets in the world".
Wandisco's contract was a limited perpetual license, with the opportunity for growth over time, as the client's dataset expands in line with its expansion in the global handset market.
The AIM-listed group noted that the contract was the second deal secured directly by the company in the region this year, reflecting growing demand in China for its solutions.
Chief executive David Richards said: "We are seeing great promise in the China region, which has adopted data on a mass scale to address the unique challenges of serving a 1.4bn population.
"Despite China being a complex and often challenging market, we are seeing strong interest in our Fusion technology throughout the region."
As of 0845 BST, Wandisco shares had dipped 0.11% to 441p.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN