BURLINGTON, Massachusetts,
December 2, 2014 /PRNewswire/ --
Attunity Ltd. (NASDAQ CM: ATTU), a leading provider of
information availability software solutions, announced today that
it has expanded its Big Data solutions portfolio as well as its
strategic positioning in Big Data markets via the acquisition of
BIReady's data warehouse automation technology. The innovative
BIReady solution automatically designs, generates and populates
enterprise data warehouses and data marts, adding data modeling and
structuring capabilities inside the data warehouse. This
technology, which is unique in the market, is designed to provide
fast, flexible delivery of information for Big Data Analytics and
Business Intelligence (BI) projects - adding an important new
capability to Attunity's Big Data technology suite.
BIReady technology will enable Attunity to fulfill a key need
for enterprises that require an automated, end-to-end data
warehousing solution to support mission-critical data initiatives.
By supporting the entire lifecycle of data warehouses and data
marts through agile automation, the BIReady technology is designed
to eliminate the traditionally complex, manual tasks of preparing
data for BI and Big Data analytics. This capability enables
organizations to build and maintain data warehouses with less time
and resources - freeing them to focus on higher-value tasks that
drive business growth and competitive advantage.
"BIReady technology will enable Attunity to bring enterprises to
the next level in data warehousing - to deliver near real-time BI
and analytics significantly faster than it would take otherwise,"
explained Bill
Inmon, owner of Inmon Consulting
Services, and Forest Rim
Technology
(a BIReady partner), and also universally recognized as
the 'father of the data
warehouse'. "BIReady technology accomplishes the many
goals of ETL by automating much of the data warehousing design
process and the generation of SQL code - something the classic ETL
model has never mastered. Unifying these strengths with existing
Attunity technology will provide a modern platform that adds value
for enterprises by making the process of delivering data and
building a data warehouse seamless, efficient and affordable."
"The acquisition of BIReady technology marks another milestone
in the evolution of our growth strategy with a new solution that,
in addition to moving the data, will also provide customers with
the ability to create and manage data warehouse logics," stated
Shimon Alon, Chairman
and CEO of Attunity. "The
addition of data warehouse automation technology to our information
availability portfolio helps to complete and strengthen our
offering while answering a critical need for prospects. The
technology will also enable us to cross-sell and up-sell to our
existing customers currently considering or leveraging data
warehousing on-premises or in the cloud."
Mr. Alon concluded, "We expect that this transaction will
generate additional opportunities with OEM and go-to-market
partners and resellers, enhance our competitive position in our
market, and enable us to expand our presence in these
rapidly-growing markets."
Under the terms of the purchase agreement, Attunity acquired
BIReady's technology for approximately $1
million in a combination of cash and Attunity shares with an
earnout potential of up to USD $375,000 in cash over the next two years.
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
BIReady technology is expected to allow Attunity to better leverage
many of its go-to-market partners to create greater awareness for
its class-leading solutions as well as adds additional value for
joint prospects and customers. 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.
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© Attunity 2014. 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.