WANdisco signed up by third top-ten bank for big data contract
WANdisco has won a bid data contract with another of the world's 10 largest banks, representing its third such deal in as many months and potentially its largest to date.
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The AIM-listed company said the $150,000 contract was for the bank to roll out WANdisco's Non-Stop Hadoop database-linking technology in its 'reference architecture' as standard across the bank, and that there was "considerable" potential for the size of the subscription to expand in value over time.
This would make the contract, at full utilisation, WANdisco's largest Big Data customer to date.
The Sheffield-based company licenses out its technology which can synchronise large amounts of data across remote data centres, enabling companies to search though increasingly huge amounts of data quickly and easily.
The bank has been using Hadoop to capture and store an "unprecedented amount of both structured and unstructured data" that it was generating and was using WANdisco's software to eliminate previous data outages, improve data processing speeds and save costs.
WANdisco chief executive David Richards said: "This new customer has Hadoop data operations across the whole bank, which WANdisco will support in live production.
"The bank intends to scale up its Non-Stop Hadoop solution very significantly. With this latest new customer, we have signed three of the world's top ten banks in the last three months."