BURLINGTON, Massachusetts, August 2, 2017 /PRNewswire/ --
Attunity Ltd. (NASDAQ: ATTU), a leading provider of data integration and Big Data management software solutions, announced today that one of the largest investment companies in the world (the "Customer") has selected Attunity Replicate as its universal data ingestion solution to power a strategic Cloud data lake initiative. The solution was chosen to ingest millions of daily trading transactions into the Customer's Cloud data lake to enable comprehensive business analytics in real-time. This initial deal included revenues of over $1.0 million in license, maintenance and services recognized in the second quarter of 2017.
The Customer started the process by looking for a solution that supports a broad range of heterogeneous data sources including Oracle and IBM Mainframe, with high-performance change data capture and data ingestion to support large and growing data volumes, and real-time data delivery to the Cloud for analytics. The Customer evaluated several solutions and chose Attunity Replicate after extensive testing and security vetting. The Customer expects to implement the solution quickly to meet its objective of delivering real-time analytics across the business in a timely manner.
"This deal is yet another example of the burgeoning need of corporations across the globe to provide large-scale, real-time analytics to support competitive advantage," explained Shimon Alon, Chairman and Chief Executive Officer at Attunity. "Attunity Replicate continues to be selected due to our proven ability to streamline data ingestion at scale in the Cloud and across hybrid environments. We are excited about working with this world-leading organization and the opportunity to expand our value beyond the scope of the initial project."
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.
Senior Director of Marketing Communications, Attunity
CFO, Attunity Ltd.
SOURCE Attunity Ltd.