BURLINGTON, Massachusetts,
May 15, 2017 /PRNewswire/ --
Attunity Ltd. (NASDAQ: ATTU), a leading
provider of data integration and Big Data management software
solutions, announced today that a large insurance company operating
across several European countries (the "Customer") has selected
Attunity Replicate as its data ingestion solution supporting a
strategic data lake initiative. The solution includes Attunity
Replicate for SAP and was chosen to enable real-time analytics
across several domains including customers, fraud and compliance.
This deal includes revenues of $1.0
million in license, maintenance and services. The majority
of the revenue from the agreement will be recognized in the second
half of 2017.
Seeing an opportunity to deliver differentiated service to its
customers using real-time data, the Customer built a data lake in
the Cloud to enable a 360-view of its customers for upsell
opportunities and improved customer service. The data lake is also
designed to enable more timely fraud detection and improved
compliance. The solution required efficient and real-time data
ingestion at scale from several heterogeneous systems, including
SAP, Mainframe, and Oracle data sources.
The Customer chose Attunity Replicate, a universal and real-time
data ingestion solution designed to seamlessly support various
source systems. The solution is designed to provide data in
real-time to the Customer's data lake in the Microsoft Azure cloud.
This includes the need to deliver SAP data in real-time, for which
the Customer selected Attunity Replicate for SAP to leverage its
application-level integration that supports SAP's data model and
proprietary data structures. Using the Attunity solution, the
Customer expects to scale with data growth and meet its goal to
provide high customer and employee satisfaction.
"Enabling real-time analytics on large-scale data has become a
common requirement for corporations across many industries, and is
the foundation for enabling competitive capabilities through
analytics," explained Shimon
Alon, Chairman and Chief Executive Officer at
Attunity. "Attunity continues to be selected as the vendor of
choice. This is due to our universal, real-time and hybrid data
ingestion solution providing unique value in complex environments,
including SAP, Mainframe and the Cloud. We are proud to partner
with these leading companies and see additional opportunities for
growth with these large-scale and strategic deals."
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 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.
Press contact:
Melissa Kolodziej, Senior Director
of Marketing Communications, Attunity
melissa.kolodziej@attunity.com
Tel. +1-603-305-3664
Dror Harel-Elkayam, CFO
Attunity Ltd.
P: +972-9-899-3000
dror.elkayam@attunity.com
SOURCE Attunity Ltd.