The News Scroll 22 February 2019  Last Updated at 3:14 pm | Source: IANS

Qlik to acquire Attunity for nearly $560 mn

Qlik to acquire Attunity for nearly $560 mn

New Delhi, Feb 22 To expand its enterprise data management solutions and enable real-time analytics, US-based data analytics and business intelligence platform Qlik on Friday announced that it is acquiring Boston-based software solutions provider Attunity for nearly $560 million.

Attunity provides data integration and big data management software solutions that enable availability, delivery and management of data across heterogeneous enterprise platforms, organisations and the Cloud.

With Attunity, Qlik would be able to provide customers enterprise data management solutions to transform their raw data into a governed, analytics-aware information resource, the company said in a statement.

"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, CEO, Qlik.

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, the company added.

"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," said Shimon Alon, Chairman and CEO, Attunity.

The agreement was unanimously approved by the board of directors of both the companies.



Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds.
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