BURLINGTON, Massachusetts, January 4, 2017 /PRNewswire/ --
Attunity Ltd. (NASDAQ: ATTU), a leading provider of data integration and Big Data management software solutions, announced today that a global payments processing leader (the "Customer") has signed an agreement for $1.1 million (in license, services and 5 years of maintenance and support) for Attunity Replicate to enable real-time Big Data analytics in its Hadoop-based data lake environment. Leveraging universal data ingest and replication, the Customer expects to monetize data collected from transactional systems to generate new revenue streams, as well as improve merchant satisfaction by reducing their costs related to credit checks.
With data volumes increasing quickly, this Europe-based customer realized that its traditional analytics platforms were not able to scale and process data in a timely fashion. To enable high speed and scalability, the Customer built a new data lake leveraging Hadoop, and sought out a real-time data ingest solution. The data ingest technology needed to be competent handling high volumes of data from many systems without requiring large development resources. Therefore, the Customer selected Attunity Replicate, a universal, easy-to-use, real-time data ingest platform that can scale with data growth and support the Customer's diverse data platforms including Oracle, SQL Server, Kafka and Hadoop.
"More and more, global corporations are turning to us to help them accelerate and streamline their Data Lake environments - a strategy which is helping them turn their data assets into new sources of revenue and competitive advantage," explained Shimon Alon, Chairman and Chief Executive Officer at Attunity. "Attunity Replicate enables such initiatives with its universal and real-time data ingest solution supporting many data sources. Being continuously selected for such large-scale initiatives demonstrates our product's superior capabilities and our technology leadership as we focus on satisfying the evolving needs of such global companies."
Attunity is a leading provider of Big Data management software solutions that enable access, management, sharing and distribution 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.