Qlik Buys Attunity to Expand Enterprise Data Capability

In the US, analytics firm Qlik is to buy data integration and big data management software solutions provider Attunity, through the acquisition of all outstanding Attunity shares for approximately $560m.

From its headquarters in Boston, Attunity offers information-availability software solutions, which enable access, sharing and distribution of data across various platforms. The firm provides software directly and indirectly through a number of partners, including Microsoft, Oracle, IBM and HP.

Qlik says the deal will build on its recent acquisition of Podium Data, which specializes in readying enterprise data for analysis. It will also add an expanded breadth of enterprise data management capabilities to Qlik's existing data management and analytics platform, which brings together organizational data from any source, enabling people at any skill level to uncover new insights and analyze customer behavior.

Attunity shareholders will receive $23.50 in cash per share, representing an 18% premium to attunity's last closing price of $19.93 per share on February 20, 2019. Mike Capone (pictured), Qlik CEO, comments: '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. Attunity has demonstrated strong growth in a large market and together we're better positioned to serve our enterprise customers.'

Web sites: www.qlik.com and www.attunity.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.