BURLINGTON, Massachusetts, December 20, 2016 /PRNewswire/ --
Attunity Ltd. (NASDAQ: ATTU), a leading provider of data integration and Big Data management software solutions, announced today that a global manufacturer (the "Customer") has signed a $1.3 million license fee agreement to utilize both Attunity Replicate and Attunity Visibility to enable its strategic data lake initiative in a hybrid cloud environment. The Attunity solutions, which provide universal data replication and ingest as well as intelligent data management capabilities, are designed to empower the Customer to provide enterprise-wide data availability to support analytics and collaboration, as well as deliver real-time data for better business insights.
The Customer, a multibillion-dollar company, selected Attunity for its unique ability to serve as a single platform for the company's broad data ingestion and management needs. The Customer's IT team plans to pull data from thousands of applications across a diverse set of data sources, including legacy mainframe, Oracle and Teradata, into its corporate data lake deployed in a hybrid cloud environment. Additionally, the Customer is expected to use Attunity Visibility to analyze data usage across several of its enterprise data warehouse systems to help them make informed decisions about data placement and optimize system performance.
"Corporate data lake initiatives represent large opportunities as global organizations build new infrastructure to support their growth and competitive advantage capabilities, leveraging technologies like in-memory databases and cloud platforms," stated Shimon Alon, Chairman and Chief Executive Officer at Attunity. "We focus on becoming a strategic partner to customers that select our product suite for its superior and innovative capabilities. This customer win further demonstrates our leadership role in data integration and Big Data management."
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.
Safe Harbor Statement
This press release contains forward-looking statements, including statements regarding the anticipated features and benefits of Replicate and Visibility 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 Customer is expected to use Attunity Visibility to analyze data usage across several of its enterprise data warehouse systems to help them make informed decisions, we use 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: 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, Senior Director of Marketing Communications, Attunity
Dror Harel-Elkayam, CFO
SOURCE Attunity Ltd.