Scandal-hit WANdisco has signed a US$113,125 deal with Dublin-based Accenture PLC to use its WANdisco Data Migrator to support the data modernisation programme for an unnamed “leading Australian bank.”
Over the next two years, the Sheffield data firm will help the lender embark on a data modernisation programme with revenues from the deal expected to flow in by the second quarter of 2023.
Having been caught up in financial controversy for much of this year, and forced to seek £24m in extra funding to avoid summer collapse after its shares were delisted, the tech group said it would be reporting updates on new contracts, including small ones, to communicate the “progress … for long-term growth and success.”
Chief executive officer David Roberts and finance chief Erik Miller both stepped down as the FCA launched a probe into WANdisco in April for an alleged “material misstatement” of its financial standings after more than US$115m in bookings were unaccounted for, a mistake the data group claimed was caused by a lone employee.
The company has also cut around 30 per cent of its workforce in areas including the UK, China, South Korea, Japan and Australia since the start of the year.
WANdisco shares remain suspended at 1,310.00p each on March 30.
