WANdisco, the data activation platform with its UK HQ in Sheffield, has signed its second follow-on agreement worth a further $13.2 million with a large European automotive components supplier.
The combined Commit-to-Consume contract value from the three agreements with this client in 2022 now totals $25.3 million. Half of this will be paid in advance.
Terms were originally signed to replicate automobile sensor data to the Amazon Web Services (AWS) cloud. However, the initial data that was to be transferred has again exceeded initial requirements, driven by a significant customer win by the client.
David Richards, CEO and chairman of WANdisco, said: “We are pleased to have signed yet another significant follow-on deal with a large customer in the key automotive sector in IoT. Our unique technology means that we remain the only platform capable of effectively moving sensor data to the cloud at scale, within the client’s chosen ecosystem.
“We are seeing an acceleration of interest in our solutions and as a result, our pipeline remains at a record level both in terms of the number of opportunities and the combined value of those opportunities.
“We believe that the rapid expansion that has followed the initial contract in this client case is something we expect to replicate with a number of other customers. We expect to report further progress before the year end.”
