WANdisco plc announced that it has signed an initial agreement worth $6.6 million with a European-based global telecommunications service provider (the Client). The Agreement is a one-off migration that provides for Internet of Things (IoT) data that resides in the Client's data center to be migrated to the cloud. WANdisco was chosen due to its proven ability to migrate petabyte scale data.

Once the migration is complete, it is expected that the Client will launch a range of IoT-related services. With the proliferation of IoT devices, telecommunication service providers are increasingly seeing data as an important revenue opportunity. This industry vertical is a strategic target market for WANdisco with a healthy pipeline of further opportunities.

The Company expects this industry to continue being a core and growing market for WANdisco.