BURLINGTON, Massachusetts, March 28, 2012 /PRNewswire/ --
Attunity Ltd. (OTC BB: ATTUF.OB), a leading provider of real-time data integration software, announced today that a global Fortune 500 financial services company (the "Customer") has selected Attunity's data replication solution to streamline fund management operations, enable real-time trading and reduce risk associated with manual processes.
Due to their heterogeneous legacy platform environment, the Customer was facing many technical challenges before engaging with Attunity. Primarily, the Customer's IT team was saddled with time-consuming and costly manual processes to support its business' real-time trading and fund management operations. These processes caused significant delays, limiting the Customer's productivity and timely decision-making. Most importantly, they added significant risk to its business. Since billions of dollars in funds are managed from the Customer's legacy OpenVMS system, even one minor error made when applying changes could cost the Customer significant financial harm. As a result, the Customer chose to adopt a real-time, high-performance, and reliable data replication solution.
The Customer selected Attunity's data replication solution to enable seamless access to customized fund management applications and its legacy OpenVMS platform. Additionally, the solution enables the Customer to streamline data replication to Oracle and other internal systems. Using the Attunity data replication solution, the Customer is now able to eliminate the risk associated with making manual changes to mission-critical data, enable real-time trading and meet business users' requests for real-time information.
"Helping customers successfully address data replication challenges, including integrating and synchronizing legacy system data with other enterprise systems, is one of Attunity's sweet spots," stated Mel Passarelli, Vice President and General Manager at Attunity. "By providing high-performance data replication solutions that are powerfully simple, Attunity empowers its customers to unlock and extend the value of their data to optimize operations and make better, more informed business decisions. We believe these benefits are essential for helping financial services companies remain competitive."
Attunity is a leading provider of real-time data integration software that enables access, sharing and distribution of data across heterogeneous enterprise platforms, organizations, and the cloud. Our offering includes software solutions such as data replication, real-time change-data-capture (CDC) and real-time data connectivity, as well as enterprise file replication and managed-file-transfer (MFT) offered through our RepliWeb division. Using Attunity's software solutions, our customers enjoy dramatic 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.
This press release contains forward-looking statements 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 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 the acquisition of RepliWeb, including costs and difficulties related to integration of acquired businesses, the combined companies' financial results and performance, and ability to repay debt and timing thereof; our liquidity challenges and the need to raise additional capital in the future; market acceptance of the Attunity Replicate and the development of a market for such product; timely availability and customer acceptance of Attunity's new and existing products; any unforeseen developmental or technological difficulties with regard to Attunity's products; 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; unknown factors affecting third parties with which Attunity has formed business alliances; 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 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 2012. 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.
Director of Marketing Communications
SOURCE Attunity Ltd