BURLINGTON, Massachusetts, May 15, 2017 /PRNewswire/ --
Attunity Ltd. (NASDAQ: ATTU), a leading provider of data integration and Big Data management software solutions, announced today that a large insurance company operating across several European countries (the "Customer") has selected Attunity Replicate as its data ingestion solution supporting a strategic data lake initiative. The solution includes Attunity Replicate for SAP and was chosen to enable real-time analytics across several domains including customers, fraud and compliance. This deal includes revenues of $1.0 million in license, maintenance and services. The majority of the revenue from the agreement will be recognized in the second half of 2017.
Seeing an opportunity to deliver differentiated service to its customers using real-time data, the Customer built a data lake in the Cloud to enable a 360-view of its customers for upsell opportunities and improved customer service. The data lake is also designed to enable more timely fraud detection and improved compliance. The solution required efficient and real-time data ingestion at scale from several heterogeneous systems, including SAP, Mainframe, and Oracle data sources.
The Customer chose Attunity Replicate, a universal and real-time data ingestion solution designed to seamlessly support various source systems. The solution is designed to provide data in real-time to the Customer's data lake in the Microsoft Azure cloud. This includes the need to deliver SAP data in real-time, for which the Customer selected Attunity Replicate for SAP to leverage its application-level integration that supports SAP's data model and proprietary data structures. Using the Attunity solution, the Customer expects to scale with data growth and meet its goal to provide high customer and employee satisfaction.
"Enabling real-time analytics on large-scale data has become a common requirement for corporations across many industries, and is the foundation for enabling competitive capabilities through analytics," explained Shimon Alon, Chairman and Chief Executive Officer at Attunity. "Attunity continues to be selected as the vendor of choice. This is due to our universal, real-time and hybrid data ingestion solution providing unique value in complex environments, including SAP, Mainframe and the Cloud. We are proud to partner with these leading companies and see additional opportunities for growth with these large-scale and strategic deals."
Attunity is a leading provider of data integration and Big Data management software solutions that enable availability, delivery, and management 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 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. 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 2017. 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.