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Starting 2023 with $6.6m Telecom IoT Win

WANdisco’s proprietary replication technology enables its customers to solve critical data-management challenges created by the shift to cloud computing. WANdisco started 2023 on a strong note, announcing a $6.6m data-migration contract with a global telecom service provider. This is the third telecom provider to choose WANdisco for data migration, highlighting how it is becoming a ‘go-to’ supplier for large-scale Internet of Things (IoT) deployment. It is encouraging to see a deal this early in the year; historically, deal flow has been strongly weighted to the second half. This win supports Edison Group’s estimates, particularly revenues, given the up-front recognition of this deal, and our conservative assumptions on the rate of data consumption/revenue recognition of commit to consume (CtC) deals.




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