Wandisco PLC (AIM:WAND), the data activation company, has said it will be working with a major Australian bank in a deal worth around US$110,000.
Over the next two years, the firm will help the lender embark on a data modernisation programme.
Revenues from the deal are expected to flow in by the second quarter of 2023.
Having been embroiled in a scandal this year, 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”.
At the end of April, the FCA launched a probe into WANdisco for an alleged “material misstatement” of its financial standings.
More than US$115mln in bookings were unaccounted for, a mistake the data group claimed was caused by one lone employee.
Following the launch of the investigation, WANdisco shares have been suspended and both chief executive officer David Roberts and finance chief Erik Miller have stepped down.
30% of the company's workforce was cut in areas such as the UK, China, South Korea, Japan and Australia.
In May, the firm said it was considering a US$30mln round of fundraising as part of a turnaround plan to help increase working capital and cut costs. WANdisco said then that its working capital was available until the middle of July.