WANdisco, the British technology company, has secured a tie-up with Alibaba that will grant it access to China’s booming online market.
The Aim-listed cloud computing outfit, which splits its operations between Sheffield and Silicon Valley, reached a deal with the Chinese internet giant that will see its technology bundled with Alibaba’s cloud services.
Alibaba is best-known for its Chinese internet retail empire, but also is rapidly emerging as a challenger to Amazon, Microsoft and Google in cloud computing – services that let start-ups and other businesses rent out online storage and computing capacity. Its cloud revenues doubled last year, making it the fastest-growing of the major providers.
WANdisco’s technology is used to move large amounts of data into the cloud in real time, without interfering with day-to-day operations and is used by banks and other companies that have reams of complicated and sensitive data.
The company endured a bruising boardroom battle 18 months ago when its chief executive David Richards was forced out by the company’s chairman Paul Walker in a row over its strategy. Mr Richards returned a week later with the support of major shareholders, leading Mr Walker to resign.