Qlik to Acquire Attunity to Expand Enterprise Data Management and Enable Real-time Analytics

Qlik a leader in data analytics, and Attunity Ltd., a leading provider of data integration and big data management software solutions, 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 3^rd generation business intelligence, a strong data management strategy creates the foundation for an enterprise analytics strategy that drives insights and transforms organizations.

Read More: Immersal AR Cloud SDK Moving to Early Access – Party for Your Right to Develop

“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.

Read More: mindSpark Learning Partners with DroneBlocks for The Drone Project

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.

Read More: Blackmoon and FintechSauce Form a Strategic Partnership to Create an Assortment of New ETx’s