WANdisco plc announced it has secured two contracts with leading information and communications technology providers (the Providers) in China. The contracts are valued at $2.5 million in aggregate with approximately 50% of the value recognized as revenue immediately and were secured directly by WANdisco. The contracts represent a renewal and significant expansions of two existing license agreements with key clients.

The Providers chose WANdisco for its unique technology and because it was the only solution capable of synchronizing client data across distributed development teams in different geographies. These contracts signify WANdisco's deepening relationships with its customers and show how the Company's mission-critical solutions become an integral part of its customers' development infrastructure. These contracts are structured as limited perpetual licenses with annual maintenance for 5 years.