BURLINGTON, MA – March 14, 2016 - Attunity Ltd. (NASDAQ: ATTU), a leading provider of Big Data management software solutions, announced today that a Fortune 100 global corporation (the "Customer") has chosen Attunity Replicate to fuel its next generation Big Data analytics initiative. This initiative will enable the Customer to improve insights, further enhance technology innovation and sharpen its competitive edge.
Attunity estimates the agreement to generate more than $2 million in license, support and services fees over a several-quarter implementation period.
“Our solutions are being selected by large organizations for strategic, enterprise-wide deployments which result in long-term, multi-million dollar contracts. The customer agreement announced today is an example of one of the largest enterprises in the world – whose activities have far-reaching environmental, social and economic impacts – recognizing the advantages of utilizing our solutions across their business. We are excited to support this Customer’s efforts to establish a Big Data infrastructure capable of effectively and efficiently managing the vast amount of information created by this operation,” said Shimon Alon, Chairman and Chief Executive Officer at Attunity.
“We are pleased that this world-class leader has chosen us to assist them in enabling a new high visibility analytics initiative. As Attunity brand recognition has grown, we have become a significant provider for the analytics and Hadoop markets, resulting in broader access to opportunities with Fortune 500 companies. We expect that these larger, longer-term engagements will add additional recurring revenue to our business, as projects expand, and ultimately provide a solid foundation for growth,” concluded Alon.
Attunity Replicate for Hadoop, the high-performance data delivery platform which is driving the Customer's advanced Big Data analytics project forward, enables organizations to utilize advanced analytic methods, functions and tasks faster and more economically than previously possible.
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 communities on Twitter, Facebook, LinkedIn 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, when we say that we expect that these larger, longer-term engagements will add additional recurring revenue to our business, or when we say that Attunity estimates the agreement to generate more than $2 million in license, support and services fees over a several-quarter implementation period, we use forward-looking statements. 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 2016. 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, Director of Marketing Communications, Attunity
Dror Harel-Elkayam, CFO