UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2017

Commission file number: 001-20892
 
ATTUNITY LTD.
(Name of registrant)
 
16 Atir Yeda Street, Atir Yeda Industrial Park, Kfar Saba, 4464321, Israel
 (Address of principal executive office)
 
_____________________

        Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.  
 
Form 20-F ☒   Form 40-F £

        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): £

        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): £
 
_____________________
 
The GAAP financial statements included in the press release attached hereto as Exhibit 99.1 are hereby incorporated by reference into: Form F-3 Registration Statements File Nos. 333-205799, 333-205798, 333-173205, 333-138044, 333-122937 and 333-119157 and Form S-8 Registration Statements File Nos. 333-122302, 333-142284, 333-164656, 333-184136, 333-193783 and 333-219792.


 
CONTENTS
 
Exhibits
 
 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
ATTUNITY LTD.
 
 
 
By: /s/ Dror Harel-Elkayam
 
 
Dror Harel-Elkayam
Chief Financial Officer and Secretary
 
 
Date: November 2, 2017
 
 


 

 
Exhibit 99.1
 
 
Attunity Reports Third Quarter 2017 Results
- - -
License Revenue Grew 45%; Total Revenue Grew 27% Year-Over-Year
Appointed Mark Logan as Chief Operating Officer
- - -
 
Burlington, MA – November 2, 2017 – Attunity Ltd. (NasdaqCM: ATTU), a leading provider of data integration and Big Data management software solutions, today reported its unaudited financial results for the three-month period ended September 30, 2017.

"We continued to see an increasing demand for our innovative solutions from customers and partners in the growing Big Data and cloud markets. This demand has resulted in a strong third quarter during which license revenue and total revenue grew 45% and 27%, respectively," stated Shimon Alon, Chairman and CEO of Attunity. "We are also seeing a growing customer need for data lake, cloud and SAP solutions, and continue to see Attunity's platform selected by large global corporations."

"As we focus on driving our business forward, we announced this morning a strategic new hire to enhance our management team. Mark Logan will join the Attunity team as our new Chief Operating Officer. Mark is an experienced leader with a proven track record of revenue growth and enterprise value. We are excited to have him join our leadership team to take us to the next stage of accelerated growth for the Company," concluded Mr. Alon.

Recent Operational Highlights
 
·
Appointed Mark Logan as new Chief Operating Officer, effective November 20, 2017
 
·
Closed multiple agreements for Attunity Replicate and Compose for Hive, including a $1.0 million deal with a global financial services company
 
·
Launched Replicate for Microsoft Migrations, a collaboration with Microsoft (NASDAQ: MSFT)
 
·
Announced v6 of our Modern Data Integration Platform
 
·
Recognized by Gartner for the second year in a row as a Challenger in the 2017 Magic Quadrant for Data Integration Tools

Financial Highlights for the Third Quarter of 2017, compared with the Third Quarter of 2016
 
Total revenue was $16.5 million, compared with $13.0 million
 
Operating profit was $0.1 million, compared with an operating loss of $4.1 million
 
Non-GAAP operating profit was $1.5 million, compared with an operating loss of $0.5 million*
 
Net loss of $0.4 million, compared with a net loss of $4.0 million
 
Non-GAAP net income of $0.8 million, compared with non-GAAP net loss of $1.7 million*


Attunity v6 – Technology
 
In September 2017, Attunity launched a major new release of its data integration platform. The new release includes Attunity Replicate 6.0 along with new versions of Attunity Compose for Hive and Attunity Enterprise Manager (AEM).  The Attunity v6 data integration platform uniquely accommodates these needs with the addition of many capabilities including:
 
·
Expanded cloud data integration for migration and analytics
 
·
Enhanced performance for Hadoop data ingestion and Oracle environments
 
·
Universal database stream generation to support streaming enterprise architectures
 
·
Secure management of data pipelines with global role-based access control and auditing
 
·
AEM Analytics, providing trend analysis on system resource utilization and performance monitoring in large-scale environments

Financial Results for Q3 2017
 
Total revenue for the third quarter of 2017 was $16.5 million, compared with $13.0 million for the same period in 2016. This includes license revenue of $9.2 million, which grew 45% compared with $6.3 million for the same period in 2016, and maintenance and service revenue, which grew 10% to $7.3 million, compared with $6.6 million for the same period in 2016. License revenue includes approximately $3.0 million, recognized from a previously announced strategic OEM licensing agreement with a top information technology company.

Operating expenses for the third quarter of 2017 decreased 4% to $16.4 million, compared with $17.0 million for the same period in 2016.

Non-GAAP operating expenses for the third quarter of 2017 increased 12% to $15.0 million, compared with $13.5 million for the same period in 2016. Non-GAAP operating expenses exclude approximately $1.3 million in equity-based compensation expenses and amortization associated with acquisitions, compared with an approximately $2.0 million charge for partial impairment of acquired technology associated with the Appfluent acquisition and $1.6 million in equity-based compensation expenses and amortization associated with acquisitions for the same period in 2016.*

Operating profit for the third quarter of 2017 was $0.1 million, compared with an operating loss of $4.1 million for the same period in 2016.

Non-GAAP operating profit was $1.5 million for the third quarter of 2017, compared with non-GAAP operating loss of $0.5 million for the same period in 2016. Non-GAAP operating profit excludes a total of $1.3 million in equity-based compensation expenses and amortization associated with acquisitions, compared with an approximately $2.0 million charge for partial impairment of acquired technology associated with the Appfluent acquisition and $1.6 million in equity-based compensation expenses and amortization associated with acquisitions for the same period in 2016.*

Net loss for the third quarter of 2017 was $0.4 million, or ($0.03) per diluted share, compared with a net loss of $4.0 million, or ($0.24) per diluted share, in the third quarter of 2016.


Non-GAAP net income for the third quarter of 2017 was $0.8 million, or $0.04 per diluted share, compared with a non-GAAP net loss of $1.7 million, or ($0.10) per diluted share, for the same period in 2016. Non-GAAP net loss excludes approximately $1.2 million in equity-based compensation expenses, amortization associated with acquisitions and tax benefits related to non-GAAP adjustments, compared with approximately $2.3 million in partial impairment of acquired technology associated with the Appfluent acquisition, equity-based compensation expenses and amortization associated with acquisitions, including tax benefits related to non-GAAP adjustments of $1.2 million, for the same period in 2016.*

Cash and cash equivalents were $7.3 million as of September 30, 2017, compared with $10.0 million as of June 30, 2017. Cash and cash equivalents at the end of the third quarter of 2017 were mainly impacted by $1.6 million used in operating activities.

Shareholders' equity as of September 30, 2017 increased to $30.5 million, compared with $29.8 million as of June 30, 2017.

Conference Call and Webcast Information
 
The Company will host a conference call with the investment community on Thursday, November 2nd at 8:30 a.m. Eastern Time featuring remarks by Shimon Alon, Chairman and CEO, Dror Harel-Elkayam, CFO, and Itamar Ankorion, CMO of Attunity. The dial-in numbers for the conference call are +1-800-967-7134 (U.S. Toll Free), +1 80 925 8243 (Israel), or +1-719-325-2339 (International). All dial-in participants must use the following code to access the call: 5157422.

Please call at least five minutes before the scheduled start time.  The conference call will also be available via webcast, which can be accessed through the Investor Relations section of Attunity's website, ir.attunity.com. Please allow extra time prior to the call to visit the site and download any necessary software to listen to the live broadcast.

For interested individuals unable to join the conference call, a replay of the call will be available through November 16, 2017, at +1-844-512-2921 (U.S. Toll Free) or +1-412-317-6671 (International). Participants must use the following code to access the replay of the call: 5157422. The online archive of the webcast will be available on ir.attunity.com/events for 30 days following the call.

About Attunity
 
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 distributiontest data managementchange data capture (CDC)data connectivityenterprise file replication (EFR), managed file transfer (MFT), data warehouse automationdata 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 communities on TwitterFacebookLinkedIn and YouTube.

(*) Use of Non-GAAP Financial Information
 
In addition to reporting financial results in accordance with U.S. generally accepted accounting principles, or GAAP, Attunity uses Non-GAAP measures of net income (loss), operating expenses, operating profit (loss), and diluted net income (loss) per share, which are adjusted from results based on GAAP to exclude amortization and impairment charges associated with the acquisitions, stock-based compensation expenses, non-cash financial expenses, such as the effect of a revaluation of liabilities presented at fair value and accretion of payment obligations, and tax benefits related to non-GAAP adjustments. Attunity's management believes the non-GAAP financial information provided in this release is useful to investors' understanding and assessment of Attunity's on-going core operations and prospects for the future. Management uses both GAAP and non-GAAP information in evaluating and operating its business internally and as such has determined that it is important to provide this information to investors. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. For further details, see the Reconciliation of Supplemental Non-GAAP Financial Information table later in this press release.

Important Note: Attunity is not responsible for the awards mentioned in this press release or the entities that award them.

Safe Harbor Statement
 
This press release contains forward-looking statements, including statements regarding the anticipated features and benefits of Replicate 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 discuss the demand for our products and expectations regarding future growth, we are using forward-looking statements. In addition, announced results for the third quarter of 2017 are preliminary, unaudited and subject to year-end audit adjustment. 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 or sustain profitability; our ability to manage our growth effectively;  our business and operating results dependency on the successful and timely implementation of our third party partner solutions; the lengthy sales cycle of our products; competition; acquisitions, including costs and difficulties related to integration of acquired businesses and impairment charges; global economic conditions; the potential loss of one or more of our significant customers or a decline in demand from one or more of these customers; timely availability and customer acceptance of Attunity's new and existing products, including Attunity Compose and Attunity Visibility; international operations; our need and ability to raise capital; 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 (as amended) 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.


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 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.

For more information, please contact:

Todd Fromer / Allison Soss
KCSA Strategic Communications
P: +1-212-682-6300
tfromer@kcsa.com / asoss@kcsa.com 

Dror Harel-Elkayam, CFO
Attunity Ltd.
Tel. +972-9-899-3000
dror.elkayam@attunity.com
 

 
CONSOLIDATED FINANCIAL STATEMENTS
 
AS OF SEPTEMBER 30, 2017
 
UNAUDITED
 
U.S. DOLLARS IN THOUSANDS
 
INDEX
   
 
Page
   
2-3
   
4
   
5
   
6

 


ATTUNITY LTD. AND ITS SUBSIDIARIES
 
CONDENSED CONSOLIDATED BALANCE SHEETS
 
U.S. dollars in thousands
 
             
   
September 30,
   
December 31,
 
   
2017
   
2016
 
   
Unaudited
       
ASSETS
           
             
CURRENT ASSETS:
           
Cash and cash equivalents
 
$
7,293
   
$
9,166
 
Trade receivables (net of allowance for doubtful accounts of $15 at September 30, 2017 and December 31, 2016)
   
8,536
     
7,031
 
Other accounts receivable and prepaid expenses
   
1,307
     
663
 
Total current assets
 
$
17,136
   
$
16,860
 
                 
LONG-TERM ASSETS:
               
Other assets
   
153
     
155
 
Deferred taxes
   
1,978
     
2,340
 
Severance pay fund
   
4,311
     
3,770
 
Property and equipment, net
   
1,267
     
1,214
 
Intangible assets, net
   
1,768
     
2,778
 
Goodwill
   
30,929
     
30,929
 
Total long-term assets
 
$
40,406
   
$
41,186
 
                 
Total assets
 
$
57,542
   
$
58,046
 
 

 
2

ATTUNITY LTD. AND ITS SUBSIDIARIES
 
CONDENSED CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands, except share and per share data
 
   
September 30,
   
December 31,
 
   
2017
   
2016
 
   
Unaudited
       
LIABILITIES AND SHAREHOLDERS' EQUITY
           
CURRENT LIABILITIES:
           
             
Trade payables
 
$
948
   
$
375
 
Payment obligation related to acquisitions
   
-
     
271
 
Deferred revenues
   
11,381
     
10,676
 
Employees and payroll accruals
   
4,444
     
4,741
 
Accrued expenses and other current liabilities
   
1,978
     
2,021
 
Liability presented at fair value
   
300
     
-
 
Total current liabilities
   
19,051
     
18,084
 
                 
LONG-TERM LIABILITIES:
               
Other liabilities
   
304
     
277
 
Deferred revenues
   
1,805
     
1,438
 
Liability presented at fair value
   
-
     
512
 
Accrued severance pay
   
5,857
     
5,027
 
Total long-term liabilities
   
7,966
     
7,254
 
                 
SHAREHOLDERS' EQUITY:
               
Share capital - Ordinary shares of NIS 0.4 par value -
   
1,955
     
1,921
 
Authorized: 32,500,000 shares at September 30, 2017 and December 31, 2016; Issued and outstanding 17,147,011 shares at September 30, 2017 and 16,841,238 shares at December 31, 2016
               
Additional paid-in capital
   
152,754
     
149,716
 
Accumulated other comprehensive loss
   
(1,175
)
   
(1,013
)
Accumulated deficit
   
(123,009
)
   
(117,916
)
                 
Total shareholders' equity
   
30,525
     
32,708
 
                 
Total liabilities and shareholders' equity
 
$
57,542
   
$
58,046
 

3

 
ATTUNITY LTD. AND ITS SUBSIDIARIES
 
CONSOLIDATED STATEMENTS OF OPERATIONS
U.S. dollars and shares in thousands, except per share data
 
   
Three months ended
    Nine months ended  
   
September 30,
    September 30,  
   
2017
   
2016
   
2017
   
2016
 
   
Unaudited
     Unaudited  
Revenues:
                       
Software licenses
 
$
9,189
   
$
6,323
   
$
22,353
   
$
19,862
 
Maintenance and services 
   
7,290
     
6,629
     
21,470
     
19,062
 
Total revenues
   
16,479
     
12,952
     
43,823
     
38,924
 
Operating expenses:
                               
Cost of revenues 
   
2,703
     
2,292
     
7,228
     
6,671
 
Research and development
   
3,674
     
3,284
     
10,473
     
10,076
 
Selling and marketing
   
8,527
     
8,177
     
25,182
     
26,024
 
General and administrative
   
1,464
     
1,293
     
3,965
     
3,601
 
Impairment of acquisition-related intangible assets
   
-
     
1,990
     
-
     
4,122
 
Total operating expenses
   
16,368
     
17,036
     
46,848
     
50,494
 
                                 
Operating profit (loss)
   
111
     
(4,084
)
   
(3,025
)
   
(11,570
)
                                 
Financial (expenses) income, net
   
20
     
(75
)
   
(37
)
   
5
 
                                 
Profit (loss) before income taxes
   
131
     
(4,159
)
   
(3,062
)
   
(11,565
)
                                 
Income tax benefit (taxes on income)
   
(559
)
   
160
     
(2,031
)
   
1,117
 
                                 
Net loss
 
$
(428
)
 
$
(3,999
)
 
$
(5,093
)
 
$
(10,448
)
 
                               
Basic and diluted net loss per share
 
$
(0.03
)
 
$
(0.24
)
 
$
(0.30
)
 
$
(0.63
)
Weighted average number of shares used in computing basic net and diluted loss per share
   
17,090
     
16,790
     
17,060
     
16,711
 

 

4

ATTUNITY LTD. AND ITS SUBSIDIARIES
 
CONSOLIDATED STATEMENTS OF CASH FLOWS
 
U.S. dollars in thousands
 
 
 
 
Nine months ended September 30,
 
 
 
2017
   
2016
 
 
 
Unaudited
 
Cash flows activities:
           
Net loss
 
$
(5,093
)
 
$
(10,448
)
Adjustments required to reconcile net loss to net cash used in operating activities:
               
Depreciation
   
363
     
366
 
Stock based compensation
   
2,654
     
2,957
 
Amortization of intangible assets
   
1,010
     
1,948
 
Impairment of acquisition-related intangible assets
   
-
     
4,122
 
Accretion of payment obligation
   
-
     
33
 
Change in:
               
   Accrued severance pay, net
   
289
     
104
 
   Trade receivables
   
(1,472
)
   
(1,212
)
   Other accounts receivable and prepaid expenses
   
(596
)
   
(410
)
   Other long term assets
   
6
     
152
 
   Trade payables
   
555
     
365
 
   Deferred revenues
   
783
     
1,077
 
   Employees and payroll accruals
   
(309
)
   
793
 
   Accrued expenses and other liabilities
   
(15
)
   
872
 
Liabilities presented at fair value
   
(212
)
   
(213
)
Tax benefit related to exercise of stock options
   
-
     
146
 
Change in deferred taxes, net
   
388
     
(1,745
)
Net cash used in operating activities
   
(1,649
)
   
(1,093
)
Cash flows from investing activities:
               
Purchase of property and equipment
   
(409
)
   
(392
)
Net cash used in investing activities
   
(409
)
   
(392
)
Cash flows from financing activities:
               
Proceeds from exercise of options
   
421
     
185
 
Payment of contingent consideration
   
(271
)
   
(1,990
)
Tax benefit related to exercise of stock options
   
-
     
(146
)
Net cash provided by (used in) financing activities
   
150
     
(1,951
)
Foreign currency translation adjustments on cash and cash equivalents
   
35
     
(154
)
 
               
Decrease in cash and cash equivalents
   
(1,873
)
   
(3,590
)
Cash and cash equivalents at the beginning of the year
   
9,166
     
12,522
 
 
               
Cash and cash equivalents at the end of the period
 
$
7,293
   
$
8,932
 
                 
Supplemental disclosure of cash flow activities:
               
Cash paid during the year for taxes
 
$
1,619
   
$
588
 
Supplemental disclosure of non- cash investing activities:
         
Issuance of shares related to acquisition
 
$
-
   
$
224
 
 
5

ATTUNITY LTD. AND ITS SUBSIDIARIES
 
RECONCILIATION OF SUPPLEMENTAL, NON-GAAP FINANCIAL INFORMATION
U.S. dollars and shares in thousands, except per share data
 
   
Three months ended
   
Nine months ended
 
   
September 30,
   
September 30,
 
   
2017
   
2016
   
2017
   
2016
 
   
Unaudited
   
Unaudited
 
                         
GAAP revenues
 
$
16,479
   
$
12,952
   
$
43,823
   
$
38,924
 
Valuation adjustment on acquired deferred service revenue
   
-
     
9
     
-
     
35
 
Non-GAAP revenues
   
16,479
     
12,961
     
43,823
     
38,959
 
     
-
                         
GAAP operating expenses
   
16,368
     
17,036
     
46,848
     
50,494
 
Cost of revenues (1)
   
(51
)
   
(42
)
   
(115
)
   
(122
)
Research and development (1) (2)
   
(213
)
   
(265
)
   
(578
)
   
(944
)
Sales and marketing (1) (2)
   
(497
)
   
(473
)
   
(1,279
)
   
(1,931
)
General and administrative (1)
   
(243
)
   
(255
)
   
(682
)
   
(739
)
Amortization of acquired intangible assets
   
(337
)
   
(555
)
   
(1,010
)
   
(1,948
)
Impairment of acquisition-related intangible assets
   
-
     
(1,990
)
   
-
     
(4,122
)
Non-GAAP operating expenses
   
15,027
     
13,456
     
43,184
     
40,688
 
                                 
GAAP operating income (loss)
   
111
     
(4,084
)
   
(3,025
)
   
(11,570
)
Operating loss adjustments
   
(1,341
)
   
(3,589
)
   
(3,664
)
   
(9,841
)
Non-GAAP operating income (loss)
   
1,452
     
(495
)
   
639
     
(1,729
)
                                 
GAAP financial (expenses) income, net
   
20
     
(75
)
   
(37
)
   
5
 
Revaluation of liabilities presented at fair value
   
-
     
(127
)
   
(212
)
   
(213
)
Accretion of payment obligations
   
-
     
10
     
-
     
(2
)
Non -GAAP Financial (expense) income, net
   
20
     
(192
)
   
(249
)
   
(210
)
                                 
GAAP income tax benefit (taxes on income)
   
(559
)
   
160
     
(2,031
)
   
1,117
 
Tax benefits (taxes on income) related to non-GAAP adjustments
   
(161
)
   
(1,189
)
   
22
     
(2,503
)
Non-GAAP taxes on income
   
(720
)
   
(1,029
)
   
(2,009
)
   
(1,386
)
                                 
GAAP net loss
   
(428
)
   
(3,999
)
   
(5,093
)
   
(10,448
)
Valuation adjustment on acquired deferred revenue
   
-
     
9
     
-
     
35
 
Amortization of acquired intangible assets
   
337
     
555
     
1,010
     
1,948
 
Impairment of acquisition-related intangible assets
   
-
     
1,990
     
-
     
4,122
 
Acquisition related expenses
   
-
     
-
     
-
     
779
 
Stock-based compensation
   
1,004
     
1,035
     
2,654
     
2,957
 
Revaluation of liabilities presented at fair value
   
-
     
(127
)
   
(212
)
   
(213
)
Accretion of payment obligations
   
-
     
10
     
-
     
(2
)
Tax benefits (taxes on income) related to non-GAAP adjustments
   
(161
)
   
(1,189
)
   
22
     
(2,503
)
Non-GAAP net income (loss)
 
$
752
   
$
(1,716
)
 
$
(1,619
)
 
$
(3,325
)
                             
GAAP basic and diluted net loss per share
 
$
(0.03
)
 
$
(0.24
)
 
$
(0.30
)
 
$
(0.63
)
Non-GAAP diluted net income (loss) per share
 
$
0.04
   
$
(0.10
)
 
$
(0.09
)
 
$
(0.20
)
                                 
Shares used in computing GAAP basic and diluted net loss per share
   
17,090
     
16,790
     
17,060
     
16,711
 
                                 
Shares used in computing Non-GAAP diluted net income (loss) per share
   
17,896
     
16,790
     
17,060
     
16,711
 
                                 
(1) Stock-based compensation expenses (*):
                               
 
   
Three months ended
   
Nine months ended
 
   
September 30,
   
September 30,
 
   
2017
   
2016
   
2017
   
2016
 
Cost of revenues
 
$
51
   
$
42
   
$
115
   
$
122
 
Research and development
   
213
     
265
     
578
     
758
 
Sales and marketing
   
497
     
473
     
1,279
     
1,338
 
General and administrative
   
243
     
255
     
682
     
739
 
   
$
1,004
   
$
1,035
   
$
2,654
   
$
2,957
 
(*) Retention bonus paid in Attunity shares constitute part of (2) below
 
                                 
(2) Acquisition related expenses
                               
Research and development
   
-
     
-
     
-
   
$
186
 
Sales and marketing
   
-
     
-
     
-
     
593
 
     
-
     
-
     
-
   
$
779
 

6




Exhibit 99.2
 
 
Attunity Appoints New Chief Operating Officer
- - -
 
Burlington, MA – November 2, 2017 – Attunity Ltd. (NasdaqCM: ATTU), a leading provider of data integration and Big Data management software solutions, today announced the appointment of Mark Logan as Chief Operating Officer (COO) of Attunity, effective November 20, 2017.

"We are pleased to have Mark Logan join the Attunity team as Chief Operating Officer. As we continue to capitalize on the large opportunity in the data integration market, we see this as a pivotal time to accelerate our growth with the addition of a proven leader to our C-Suite," stated Shimon Alon, Chairman and CEO of Attunity. "Mark will assume responsibility for Attunity sales and operations activities. We believe his extensive experience in scaling numerous businesses through innovative go-to-market strategies will be instrumental in driving improved operational performance for our business."

Mark is a seasoned executive with over 25 years of technology industry experience in corporate growth, go-to-market strategies and channel development. He has served in numerous executive management roles, including as CEO of WealthEngine, CEO of Rivermine, COO of Emptoris and General Manager of Peoplesoft and JD Edwards. In these positions, Mark acted as a change agent successfully driving substantial revenue growth. He brings to Attunity deep knowledge and experience in all aspects of sales and operations.

"Attunity is an innovative company with technology solutions that are in high demand in a continuously growing market. I am excited to join the team during such an important time of great momentum in the company and industry to help drive the business to the next level of success," said Mark. "I look forward to putting my skills to work to help with achieving Attunity's greater vision."

About Attunity
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 distributiontest data managementchange data capture (CDC)data connectivityenterprise file replication (EFR), managed file transfer (MFT), data warehouse automationdata 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 communities on TwitterFacebookLinkedIn and YouTube.
 

Safe Harbor Statement

This press release contains forward-looking statements, including statements regarding the anticipated features and benefits of Replicate 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, Attunity is using forward-looking statements when it discusses future performance and growth and achieving its vision. 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; our ability to manage our growth effectively; acquisitions, including costs and difficulties related to integration of acquired businesses and possible impairment charges; our ability to continue 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 Replicate, Attunity Compose and Attunity Visibility; 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 (as amended) 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.

For more information, please contact:
Todd Fromer / Allison Soss
KCSA Strategic Communications
P: +1-212-682-6300
tfromer@kcsa.com / asoss@kcsa.com 

Dror Harel-Elkayam, CFO
Attunity Ltd.
P: +972-9-899-3000
dror.elkayam@attunity.com
 
 


 
Exhibit 99.3


Microsoft and Attunity Announce Strategic Partnership 
for Data Migration 
 
New Attunity Replicate for Microsoft Migrations offering accelerates migrations to the
Microsoft data platform
 
REDMOND, WA and BURLINGTON, MA – November 1, 2017 - Attunity Ltd. (NASDAQ CM: ATTU) and Microsoft Corporation (NASDAQ:MSFT) announced an expanded strategic partnership for enabling data migration and replication initiatives. With this partnership, Attunity is working with Microsoft to offer a new product, Attunity Replicate for Microsoft Migrations, which is designed to facilitate and accelerate migrations from various database systems to the Microsoft data platform. Microsoft and Attunity have been business partners for over twenty years, and with this new enhanced collaboration the two companies will build on the history with new scenarios for data replication to accommodate a broad range of data integration requirements including migration, analytics, Data Lake and Big Data initiatives.

"Our expanded strategic partnership with Microsoft enables us to jointly engage customers worldwide to drive large-scale migrations to Azure and the Microsoft data platform," said Shimon Alon, Chairman and Chief Executive Officer at Attunity. "Microsoft and Attunity share a vision to help users get value from their data leveraging the platform of their choice. Together we can unlock incredible opportunities for innovation, providing our customers with a universal platform for high-speed data replication to support many important business initiatives."

"Microsoft is committed to meeting our customers' needs today, while helping them bridge to the future. Attunity Replicate for Microsoft Migrations offers a robust solution for our customers to replicate their data to the Microsoft data platform, including SQL Server 2017 and Azure data services," said John ''JG" Chirapurath, General Manager, Data Platform Marketing at Microsoft. "This expedites and simplifies near-zero downtime data migrations with ongoing replication so that our customers can maximize the value of their data."

Database Migration from Oracle to Microsoft SQL Server and Azure Data Services:
Businesses globally will be able to use Attunity Replicate for Microsoft Migrations to facilitate and simplify migrations from a broad range of commercial and open-source databases, including Oracle, Amazon Redshift, Teradata, IBM Netezza, and PostgreSQL to a broad range of Microsoft data platform targets, across on-premises and Azure. Endpoints include SQL Server 2017, now available on Linux, Docker containers and Windows, as well as Azure SQL Database, SQL Server on a VM in Azure, Azure SQL Database Managed Instance, Azure SQL Data Warehouse, and Azure Database for MySQL and Azure Database for PostgreSQL.

A free license of Attunity Replicate for Microsoft Migrations is provided for 12 months, to allow each migration. Customers requiring extended migration periods and additional data sources can purchase such licenses directly from Attunity.

By collaborating on database migrations, the two companies enable and simplify a number of other in-demand data scenarios.  

Data Lakes and Big Data Analytics in Microsoft Azure:
Enterprises building data lake solutions on Azure can use Attunity Replicate for Microsoft Migrations to accelerate, simplify and scale data ingestion to support Big Data initiatives including real-time and streaming analytics, IoT, and machine learning. Attunity Replicate for Microsoft Migrations provides universal data delivery to many systems including Hadoop, Azure SQL Data Warehouse, Azure Event Hubs, and support is in development for Azure BLOB Store, Azure Data Lake Store and Azure HDInsight.
 


 
SAP Analytics:
Enterprises using SAP to run their critical business operations can use Attunity Replicate for SAP to deliver live SAP data into their business intelligence (BI) and analytics platforms of choice within the Microsoft data platform. There they can merge SAP data with other business information and leverage tools like Microsoft Power BI to visualize and analyze their data.

Continuous Replication for Real-time Business Intelligence (BI)
Customers can accelerate and scale BI initiatives leveraging tools like Microsoft Power BI while reducing the impact on source operational systems like Oracle by using Attunity Replicate's agentless design. The solution accelerates the replication process by continuously and efficiently capturing and delivering fresh data to SQL Server or Azure SQL Database.
 
About Microsoft
Microsoft (Nasdaq "MSFT" @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.
 
About Attunity
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 distributiontest data managementchange data capture (CDC)data connectivityenterprise file replication (EFR), managed file transfer (MFT), data warehouse automationdata 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 communities on Twitter, FacebookLinkedIn and YouTube.
 
Safe Harbor Statement
 
This press release contains forward-looking statements, including statements regarding the anticipated features and benefits of Replicate 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; our ability to manage our growth effectively; acquisitions, including costs and difficulties related to integration of acquired businesses and possible impairment charges; our ability to continue 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 Replicate, Attunity Compose and Attunity Visibility; 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 (as amended) 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.

Investor Contacts:
Garth Russell / Allison Soss
KCSA Strategic Communications
P: + 1 212-682-6300
grussell@kcsa.com / asoss@kcsa.com   

Dror Harel-Elkayam, CFO
Attunity Ltd.
P: +972 9-899-3000
dror.elkayam@attunity.com

Press Contacts:
Melissa Kolodziej, Senior Director of Marketing Communications, Attunity
melissa.kolodziej@attunity.com
Tel. 603-305-3664

Microsoft Media Relations
WE Communications for Microsoft
(425) 638-7777
rrt@we-worldwide.com