BURLINGTON, Massachusetts, December 22, 2016 /PRNewswire/ --
Attunity Ltd. (NASDAQ: ATTU), a leading provider of data integration and Big Data management software solutions, announced today that it has signed a $1.25 million deal with a large medical claims processing company (the "Customer"). The solution is designed to enable the Customer to displace its current data replication solution to meet its business needs more effectively and with less complexity, labor and cost. Attunity Replicate was selected as a universal data replication platform due to its high performance and real-time data delivery, which provide efficiencies that are expected to save the Customer significant time as well as millions of dollars in contracting and licensing fees.
Currently, to keep up with business needs and Service Level Agreements (SLA), the Customer is paying hundreds of thousands of dollars to outside contractors, hired to operate and maintain the legacy data replication software. This work entails proprietary scripting to enable data delivery across its mainstream database systems. Additionally, the Customer pays millions of dollars every three years to renew its licensing agreements with the current data replication vendor. By selecting Attunity Replicate, Attunity expects the Customer to immediately benefit from its superior ease of use and manageability. In addition, the simplified data delivery and in-house maintenance will allow the Customer to scale its processes with significantly less resources.
"The need for real-time data availability is increasing the pressure on enterprises across nearly every industry to scale data delivery with more efficiency and reduced costs. However, most enterprises are finding it to be a major challenge to expand their current data platforms with legacy data replication software," commented Shimon Alon, Chairman and Chief Executive Officer at Attunity. "We are consistently being chosen by world-class companies as their new standard for universal data replication due to our superior product and technology. This win is another example of our leadership and innovation."
Attunity is a leading provider of Big Data management software solutions that enable access, management, sharing and distribution of data across heterogeneous enterprise platforms, organizations, and the cloud. Our software solutions include data replication and distribution, test data management, change data capture (CDC), data connectivity, enterprise file replication (EFR), managed file transfer (MFT), data warehouse automation, data usage analytics, and cloud data delivery.
Attunity has supplied innovative software solutions to its enterprise-class customers for over 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 Hewlett Packard Enterprise. 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 blog and join our community on Twitter, Facebook, LinkedIn and YouTube.
Important Note: The announcement of any particular selection or implementation of Attunity products is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period.
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 simplified data delivery and in-house maintenance will allow the Customer to scale its processes with significantly less resources, or when we say that Attunity expects the Customer to immediately benefit from Attunity Replicate's superior ease of use and manageability, we use forward-looking statements. 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: risks and uncertainties relating to our history of operating losses and ability to achieve profitability; our reliance on strategic relationships with our distributors, OEM, VAR and "go-to-market" and other business partners, and on our other significant customers; risks and uncertainties relating to acquisitions, including costs and difficulties related to integration of acquired businesses; our ability to expand our business into the SAP market and the success of our Gold Client offering; timely availability and customer acceptance of Attunity's new and existing products, including Attunity Compose and Attunity Visibility; risks and uncertainties relating to fluctuations in our quarterly operating results, which may not necessarily be indicative of future periods; 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 as well as cyber-attacks; 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 2016. 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.
Melissa Kolodziej, Director of Marketing Communications, Attunity
Dror Harel-Elkayam, CFO
SOURCE Attunity Ltd.