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Qlik to Acquire Attunity to Expand Enterprise Data Management and Enable Real-time AnalyticsPHILADELPHIA, Pennsylvania and BURLINGTON, Massachusetts, Feb. 21, 2019 /PRNewswire/ -- Qlik® a leader in data analytics, and Attunity Ltd. (NasdaqCM: ATTU), a leading provider of data integration and big data management software solutions, today announced that the two companies signed a definitive agreement under which Qlik will acquire Attunity. Under the terms of the agreement, Qlik will acquire all outstanding ordinary shares of Attunity for a total value of approximately $560 million. Attunity shareholders will receive $23.50 in cash per share, representing a 18% premium to Attunity's last closing price of $19.93 per share on February 20, 2019. The agreement was unanimously approved by the boards of directors of Qlik and Attunity. Building on Qlik's recent acquisition of Podium Data and the introduction of Qlik Data Catalyst, Attunity provides cross-platform data streaming capabilities to support a shift to cloud and real-time analytics. This acquisition further differentiates Qlik by providing an expanded breadth of enterprise data management capabilities and adds an experienced team of data professionals. Consistent with Qlik's vision for 3rd generation business intelligence, a strong data management strategy creates the foundation for an enterprise analytics strategy that drives insights and transforms organizations. "Attunity's strength in real-time data delivery across complex cloud environments will uniquely position Qlik to help customers lead with data and align their enterprise analytics strategy," said Mike Capone, Qlik CEO. "Attunity has demonstrated strong growth in a large market and together we're better positioned to serve our enterprise customers along with our partner ecosystem to solve the most challenging data problems." "We are excited to be joining Qlik, combining our data integration and big data management capabilities with the analytics leader to accelerate our success," said Shimon Alon, Chairman and CEO of Attunity. "We believe the transaction is in the best interest of Attunity's stakeholders and provides Attunity with additional awareness and scale to execute our strategic plans as we continue to provide our customers with the premier products and services they have come to expect." In a world increasingly reliant on predictive analytics and artificial intelligence, seamlessly moving data in real-time across multiple cloud environments and data lakes has become a business-critical issue. With Attunity, Qlik will provide customers with an expanded enterprise data management solution to transform their raw data into a governed, analytics-aware information resource. Building on Qlik's extensive partner ecosystem, this acquisition will pull in Attunity's partner network, further expanding Qlik's go-to-market reach and strengthening its data lake management and cloud infrastructure partnerships, including Microsoft, Amazon AWS, Cloudera and Snowflake. To learn more about Qlik's expanded data management capabilities with Attunity, register for the Qlik Qonnections conference taking place May 13-16 in Dallas, TX. Timing and Approvals J.P. Morgan Securities LLC is serving as exclusive financial advisor to Attunity and Goldfarb Seligman & Co. and Davis Polk & Wardwell LLP are serving as its legal advisors. Kirkland & Ellis LLP served as legal advisor to Qlik. Financing for the transaction is being provided by Morgan Stanley and Goldman Sachs. About Attunity 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 various 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 www.attunity.com or our blog and join our community on Twitter, Facebook, Linkedin and YouTube. About Qlik Additional Important Information and Where to Find It Safe Harbor Statement The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release. © Attunity 2019. 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. © 2019 QlikTech International AB. All rights reserved. All company and/or product names may be trade names, trademarks and/or registered trademarks of the respective owners with which they are associated. The information provided herein is subject to change without notice. In addition, the development, release and timing of any product or functionality described herein remain at the sole discretion of Qlik and should not be relied upon in making a purchasing decision, nor as a representation, warranty or commitment to deliver specific products or functionality in the future. For more information, please contact: Media Contact: Investor Contact: Company Contact:
View original content:http://www.prnewswire.com/news-releases/qlik-to-acquire-attunity-to-expand-enterprise-data-management-and-enable-real-time-analytics-300799673.html SOURCE Attunity Ltd. and Qlik |