Wandisco’s (LON:WAND) second OEM partnership, with Virtustream, Dell/EMC’s cloud platform and software business, significantly strengthens the company’s platform for growth in FY18 and beyond. It is also significant because it relates to cloud object storage rather than Hadoop, firmly demonstrating the applicability of Fusion in cloud/hybrid cloud deployments. It thus raises confidence that other similar deals in the pipeline will also convert, laying a platform for a very significant acceleration in growth.
Second OEM, first for cloud
Virtustream is a subsidiary of computing/storage giant Dell/EMC. Its focus is on enabling enterprises to run mission critical applications in cloud/private cloud or hybrid cloud deployments, making it a natural fit for WANdisco Fusion. Fusion will be sold as a standard Virtustream product covering on-premises, hybrid and cloud environments, using WANdisco’s standard subscription pricing model. We understand that the deal has a $3m+ minimum commitment, but believe that there is scope for this to be exceeded relatively quickly. The product’s launch is anticipated in December, and thus the partnership should start to contribute meaningfully to revenues in FY18.
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