Qlik acquires Attunity for $560 million
Qlik today announced the completion of its acquisition of Attunity Ltd. The deal closing brings together the leading provider of data integration and big data management software solutions with the market’s leading analytics and BI platform, accelerating enterprise ability to turn raw data into shared insights across the organization through real-time analytics.
In a competitive environment where trusted, real-time enterprise data is crucial to success, organizations are looking for a more holistic and agile approach to data integration and analytics. Bringing together Attunity’s data integration solutions with the data management and cataloging solutions of Qlik Data Catalyst, Qlik now provides customers a comprehensive enterprise data integration platform to transform their raw data into a governed, analytics-aware information resource. This platform enables the movement of data in real time across multiple cloud environments and data lakes, which when combined with predictive analytics and artificial intelligence, scales real-time insights throughout an entire organization.
“The ability to help customers better automate and manage the delivery of trusted data for insights will help them lead with data to solve their most challenging problems.” said Mike Capone, Qlik CEO.
By combining Attunity with Qlik Data Catalyst, Qlik will deliver the platform customers need to enable modern data architectures and DataOps for Analytics. Attunity extends Qlik’s breadth of enterprise data integration capabilities through cross-platform data streaming and automated delivery of analytic ready data sets that directly supports the market shift to cloud and real-time analytics. Consistent with Qlik’s vision for the 3rd generation of business intelligence, a modern data integration strategy creates the foundation for an enterprise analytics strategy that drives insights, improves decision-making and transforms organizations.
Qlik will ensure that Attunity products continue to support and integrate with all the market’s leading cloud, data, analytics, and BI environments. The acquisition also builds on Qlik’s extensive partner ecosystem and will pull in Attunity’s partner network to further expand Qlik’s go-to-market reach and strengthen its data lake management and cloud infrastructure partnerships, including Microsoft, Amazon AWS, Google, Cloudera, and Snowflake.
Qlik acquired all outstanding ordinary shares of Attunity for a total value of approximately $560 million. The acquisition was completed May 6, 2019, following the satisfying of all the closing conditions set forth in the merger agreement, receipt of all antitrust approvals and clearances, and the expiration of the mandatory 30-day waiting period following the shareholder approval on April 7, 2019 in accordance with Israeli law. Attunity shareholders will receive US$23.50 per share in cash, without interest and less any applicable withholding taxes, for each ordinary share of Attunity owned immediately prior to the effective time of the acquisition.
