San Ramon, Calif. (ots/PRNewswire) - Record revenue and bookings
growth reaffirm power of consumption model for massive IoT data
As IoT data volumes surge and demand for data activations accelerate,
WANdisco recently announced 967% growth in 2022 bookings to $127
million – up from $11.9 million in 2021 – to cap a year where the
company debuted its Edge to Cloud solution, released its next
generation Data Activation Platform, and moved to a permanent 4-day
workweek for all employees.
In February 2022 WANdisco announced a permanent move to the 4-day
workweek to retain and attract top talent, enhance employee
well-being, and increase productivity. This early move – both in the
calendar year and in the larger workplace environment – was built on
a culture of trust and empowerment and helped drive industry-leading
employee retention rates by year end.
In May 2022, WANdisco launched Edge to Cloud to make it possible for
exabytes of IoT sensor data trapped in edge computing environments to
be efficiently transferred to a leader's cloud of choice. Since its
release, Edge to Cloud has met growing demand across industries,
driving a tenfold increase in deal bookings. For data leaders who
need to move large volumes of critical data to the cloud of their
choice, Edge to Cloud makes it as easy as clicking a button.
In December 2022 the company released the next generation of its Data
Activation Platform which adds important functionality that makes it
easier and faster than ever to move large-scale datasets to any cloud
across all WANdisco data movement solutions.
Alongside record bookings, WANdisco posted YoY revenue growth of 229%
and expects ending RPO (Remaining Performance Obligations) of
approximately $110 million, up significantly from $9.4 million at the
same point in 2021. 2022 revenue grew from $7.3 million in 2021 to
unaudited revenues expected to be no less than $24 million in 2022.
This record business performance was driven by significant progress
in the Internet-of-Things ('IoT') industry vertical with a majority
of contract wins under the company's commit-to-consume revenue model.
A number of the one-time migration contracts won during 2022 have the
potential to expand into commit-to-consume contracts during 2023.
"2022 was a record-breaking year for WANdisco. Driven by our
investments in product, people, and IoT, we've captured a massive
opportunity to be the go-to partner for any enterprise looking to
reap the benefits of their IoT investments," said David Richards,
co-founder and CEO of WANdisco. "Most importantly, we built a
company-wide foundation for growth across our product and patent
portfolio, deep bench of talent, and our agile commercial
go-to-market capabilities. IoT is transforming the world around us
and the possibilities are endless but the underlying challenge for
data leaders is singular: activating sensor data."
From software-defined vehicles and mobility solutions to smart energy
systems, IoT is supporting new products, services, and capabilities
across industries. IoT devices continuously capture data that has the
power to completely redefine business. Vehicle sensors can arm
manufacturers with intelligence that makes vehicles safer, but they
can also inform more accurate insurance rates and help reshape
cities. Utility companies can turn meters from devices that capture
consumption to intelligent systems that precisely partition energy
resources across regions, inform regulations, and build a greener
Powered by the WANdisco Data Activation Platform, Edge to Cloud
enables enterprise-scale data transfer with unmatched speed and
security. Global leaders in manufacturing, telecommunications, and
automotive are tapping Edge to Cloud to move exabytes of IoT data to
multiple clouds and create revenue opportunities that are
fundamentally reshaping their businesses.
Primed for another milestone year, on January 24 2023 WANdisco
announced a new $9 million contract win with a global European-based
industrial and consumer goods company to move manufacturing process
data to multiple cloud service providers.
As all types of data continue to amass outside of the cloud, WANdisco
continues to invest in expanding its capabilities to ensure that
every data point, no matter where it's located, can be utilized to
create value for enterprises.
To learn more about the Data Activation Platform 2.0 or Edge to
Cloud, see a demo, and explore use cases, visit WANdisco.com.
Digital press kit: http://www.ots.at/pressemappe/PR129835/aom
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