BURLINGTON, Massachusetts,
January 13, 2015 /PRNewswire/ --
Attunity Ltd. (NASDAQ CM: ATTU), a leading provider of
information availability software solutions, announced today that
it has entered into a multi-million dollar technology license
agreement for Attunity Replicate with a Cloud Services Company,
allowing it to use Attunity's replication and data transfer
technology to facilitate data transfer between heterogeneous data
environments and Cloud-based systems and services.
Shimon Alon,
Attunity's Chairman and Chief Executive
Officer, stated: "This strategic license agreement
demonstrates our leadership position and the value of our solutions
to the data integration market. In addition to the strategic
importance of this agreement, we expect to receive a significant
portion of the consideration by the end of 2015."
This license agreement enables the partner to leverage
Attunity's database replication and data transfer technologies to
facilitate the movement of data among various types of platforms,
environments, and the Cloud. By doing so, the partner can
accelerate adoption of its Cloud platform and add value to
customers by providing them with easy to use, high-performance
solutions that enable many use-cases, such as migration and
disaster recovery.
Pursuant to the terms of this license agreement, the partner may
incorporate Attunity's technology into its services and Cloud
offering, for a consideration of approximately $7.5 million payable over the next two years, or
over $10 million if the partner
exercises additional expansion options.
Shimon
Alon concluded: "This partnership and the revenue
it is expected to generate over the next few years will enable us
to accelerate our growth in the Cloud, as well as in the Big Data
markets. We already see additional opportunities to expand this
agreement, and believe it will position Attunity as a defacto
partner of choice for moving heterogeneous data, on-premise and in
the Cloud."
About Attunity
Attunity is a leading provider of information availability software
solutions that enable access, management, sharing and distribution
of data, including Big Data, across heterogeneous enterprise
platforms, organizations, and the cloud. Our software
solutions include data replication, data flow management, test data
management, change data capture, data connectivity, enterprise
file replication (EFR), managed-file-transfer (MFT),
and cloud data delivery. Using Attunity's software solutions, our
customers enjoy significant business benefits by enabling real-time
access and availability of data and files where and when needed,
across the maze of heterogeneous systems making up today's IT
environment.
Attunity has supplied innovative software solutions to its
enterprise-class customers for nearly 20 years and has successful
deployments at thousands of organizations worldwide. Attunity
provides software directly and indirectly through a number of
partners such as Microsoft, Oracle, IBM and HP. Headquartered in
Boston, Attunity serves its
customers via offices in North
America, Europe, and
Asia Pacific and through a network
of local partners. For more information,
visit http://www.attunity.com or our In Tune blog,
and join our community on Twitter, Facebook, LinkedIn and
YouTube, the content of which is not part of this press
release.
Safe Harbor Statement
This press release contains forward-looking statements, including
statements regarding the anticipated features and benefits of
Replicate Solutions, within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995
and other Federal Securities laws. Statements preceded by,
followed by, or that otherwise include the words "believes",
"expects", "anticipates", "intends", "estimates", "plans", and
similar expressions or future or conditional verbs such as "will",
"should", "would", "may" and "could" are generally forward-looking
in nature and not historical facts. For example, when we say that
the partnership and the large revenue expected will enable us to
accelerate our growth in the Cloud as well as in the Big Data
markets, or that it will position Attunity as a defacto partner of
choice for moving heterogeneous data, on-premise and in the cloud,
we are using a forward-looking statement. Because such statements
deal with future events, they are subject to various risks and
uncertainties and actual results, expressed or implied by such
forward-looking statements, could differ materially from Attunity's
current expectations. Factors that could cause or contribute to
such differences include, but are not limited to: our reliance on
strategic relationships with our distributors, OEM and VAR
partners, and on our other significant customers; risks and
uncertainties relating to acquisitions, including costs and
difficulties related to integration of acquired businesses; timely
availability and customer acceptance of Attunity's new and existing
products, including Attunity Maestro; changes in the competitive
landscape, including new competitors or the impact of competitive
pricing and products; a shift in demand for products such as
Attunity's products; the impact on revenues of economic and
political uncertainties and weaknesses in various regions of the
world, including the commencement or escalation of hostilities or
acts of terrorism; and other factors and risks on which Attunity
may have little or no control. This list is intended to identify
only certain of the principal factors that could cause actual
results to differ. For a more detailed description of the risks and
uncertainties affecting Attunity, reference is made to Attunity's
latest Annual Report on Form 20-F which is on file with the
Securities and Exchange Commission (SEC) and the other risk factors
discussed from time to time by Attunity in reports filed with, or
furnished to, the SEC. Except as otherwise required by law,
Attunity undertakes no obligation to publicly release any revisions
to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
© Attunity 2015. All Rights Reserved. Attunity is a registered
trademark of Attunity Inc. All other product and company names
herein may be trademarks of their respective owners.
Press contact:
Melissa Kolodziej, Director of
Marketing Communications, Attunity
melissa.kolodziej@attunity.com
Tel. +1-781-730-4073
SOURCE Attunity Ltd.