Attunity Signs $0.8 Million Agreement With Large Global Insurance Company to Enable New Data Lake Initiative

BURLINGTON, Massachusetts, January 11, 2017 /PRNewswire/ --

Attunity Ltd. (NASDAQ: ATTU), a leading provider of data integration and Big Data management software solutions, announced today that a global, multi-billion dollar insurance company (the "Customer") has signed an agreement for $0.8 million in license fees, services and five years of maintenance for Attunity Replicate, which is expected to significantly enhance the performance of the Customer's recently implemented data lake analytics solution.

The Customer will utilize Attunity Replicate to provide real-time data feeds into its data lake, a single repository for their enterprise-wide reporting and analytics, as well as to support quick data absorption for acquisitions - both highly strategic and important initiatives for the Customer.

The Customer, who focuses on acquiring and managing insurance companies, as well as providing management, consulting and other services to the industry, originally evaluated Attunity Replicate Express as a free trial solution. The Customer then selected Attunity Replicate for its high-scale production use after experiencing how efficient and effective it is at ingesting data from various heterogeneous systems into a Hadoop platform, noting its automation, real-time capabilities and ease of use as key advantages.

"This customer-engagement is yet another example of the strategic value that Attunity solutions bring to the table for key data lake initiatives currently taking place at large corporations in the world," stated Shimon Alon, Chairman and Chief Executive Officer at Attunity. "We are proud to be a part of these critical projects that are helping companies bring their Big Data analytics capabilities to the next level, enabling more informed decision-making and better business insights for a competitive edge."

About Attunity 

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 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. References to customer successes are based upon a single user experience and such customer's testimonial.

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. For example, when we say that Attunity Replicate is expected to significantly enhance the performance of the Customer's recently implemented data lake analytics solution, or when we say that the Customer will utilize Attunity Replicate to provide real-time data feeds into its data lake, 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 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 contacts: Melissa Kolodziej,
Senior Director of Marketing Communications,
Attunity
[email protected]
Tel. 603-305-3664

Dror Harel-Elkayam,
CFO
Attunity Ltd.
Tel. +972-9-899-3000
[email protected] 

Investor Contact: Garth Russell Tel. 212-896-1250
[email protected]

SOURCE Attunity Ltd.