PHILADELPHIA, 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
Closing of the transaction is
subject to customary closing conditions, including the approval of
Attunity shareholders and clearance from relevant regulatory
authorities. The transaction is expected to close in the second
quarter.
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 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. Attunity's
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 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
Qlik's vision is a data-literate world, one
where everyone can use data to solve their most challenging
problems. Only Qlik's end-to-end data management and analytics
platform brings together all of an organization's data from any
source, enabling people at any skill level to use their curiosity
to uncover new insights. Companies use Qlik to see more deeply into
customer behavior, reinvent business processes, discover new
revenue streams, and balance risk and reward. Qlik does business in
more than 100 countries and serves over 48,000 customers around the
world.
Additional Important Information and Where to Find
It
In connection with the proposed transaction, Attunity
will prepare a proxy statement to be delivered to its shareholders.
INVESTORS AND SECURITY HOLDERS ARE STRONGLY ADVISED TO READ THE
PROXY STATEMENT WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN
IMPORTANT INFORMATION. The proxy statement and other documents may
be obtained for free from the company's web site or by
directing such request to Attunity Investor Relations below.
Safe Harbor Statement
This press release contains
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995
and other applicable 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
Attunity's strength in real-time data delivery that will uniquely
position Qlik to help customers lead with data and align
their enterprise analytics strategy, or when we say that with
Attunity, Qlik will provide customers with an expanded enterprise
data management solution, we are using a forward-looking
statement. 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: risks
associated with uncertainty as to whether the merger transaction
will be completed; the occurrence of any event, change or other
circumstances that could give rise to the termination of the merger
agreement; costs and potential litigation associated with the
merger transaction; the failure to obtain the necessary shareholder
approval or regulatory clearances or to satisfy the other closing
conditions set forth in the merger agreement; risks that the
proposed merger transaction disrupts current plans and operations
and the potential difficulties in employee retention as a result of
the proposed transaction; the distraction of management of Attunity
resulting from the proposed transaction; 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 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:
Kelly Hall
+44 7983 298193
kelly.hall@qlik.com
Investor Contact:
Allison Soss
KCSA Strategic Communications
+1-212-896-1267
Attunity@kcsa.com
Company Contact:
Dror
Harel-Elkayam, CFO
Attunity Ltd.
+972-9-899-3000
Dror.elkayam@attunity.com
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SOURCE Attunity Ltd. and Qlik