WANdisco Gets $630,000 Internet of Things Contract With Large Insurance Group

By Kyle Morris

WANdisco PLC said Tuesday that it has secured a $630,000 Internet of Things contract with one of Europe’s largest insurance groups.

The U.K. software company said the contract is structured as a commit-to-consume deal and revenue will begin to be realized this year.

The contract has the potential to grow beyond the initial $630,000, it said.

Write to Kyle Morris at kyle.morris@dowjones.com

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