WANdisco has won a new Internet of Things (IoT) contract with a large European automotive components supplier (the Client). The Client has entered into a Commit-to-Consume contract which is valued at a minimum of $5 million over five years, to replicate over an exabyte of automobile sensor data to the Amazon Web Services' (AWS) cloud. The terms of the contract provide that 50% of the $5 million will be paid in advance.

As it is a Commit-to-Consume contract, revenue will be recognised as the customer moves its data. WANdisco's unique technology was the only solution capable of moving the sensor data to the cloud within the AWS ecosystem effectively. Additionally, WANdisco's LDM solution stood out for the Client as it guarantees minimal business disruption, data consistency and security during the process.

This win represents another contract in the automotive components IoT space, and further reaffirms the significant opportunity for WANdisco in this key growth market. This Commit-to-Consume contract aligns revenue to the consumption of services, as is the standard in the cloud, enhancing the predictability of future revenues for WANdisco. The Client expects considerable data growth over the lifetime of the contract, representing a potentially large expansion opportunity for WANdisco.