BURLINGTON, MA – February 14, 2012 - Attunity Ltd. (OTC BB: ATTUF.OB), a leading provider of real-time data integration software, announced today that one of North America’s largest communications and media providers (the “Customer”) has selected the Attunity Stream solution, a change data capture (CDC) product, to modernize its mission-critical cabling business system.
The Customer adopted the Attunity Stream CDC solution to support new cable services, improve customer service, and enable better decision support. Attunity Stream will enable the Customer to accommodate its recent growth as a result of adding video-on-demand service and a new customer interface for online customer account management. By using Attunity Stream, the Customer is now able to off-load reporting from its proprietary OpenVMS system, the backbone of its cable TV enterprise, and allow business user access to near real-time business intelligence (BI).
The $1.0 million agreement with the Customer, of which $850,000 in license was recognized in the last quarter of 2011, was fully paid for in February 2012.
“As data proliferation continues, organizations worldwide are challenged to successfully handle the volume, velocity and variety of data for use in BI, reporting and other business applications,” stated Mel Passarelli, Vice President and General Manager at Attunity. “Attunity is pleased to help customers address these challenges head-on with our real-time data replication solutions. In fact, we believe that the increasing size of recent deals is a clear indication that organizations are recognizing the strategic value of our offering and what real-time data brings to their bottom line. We are encouraged to see the number of enterprises that rely on Attunity’s unique support of legacy platforms and data integration technology for the data center and cloud continues to grow.”
Attunity is a leading provider of real-time data integration software that enables access, sharing and distribution of data across heterogeneous enterprise platforms, organizations, and the cloud. Our offering includes software solutions such as data replication, real-time change-data-capture (CDC) and real-time data connectivity, as well as enterprise file replication and managed-file-transfer (MFT) offered through our RepliWeb division. Using Attunity’s software solutions, our customers enjoy dramatic business benefits by enabling real-time access and availability of data and files where and when needed, across the maze of heterogeneous systems making up today’s IT environment.
Attunity has supplied innovative software solutions to its enterprise-class customers for nearly 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 HP. 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 In Tune blog and join our community on Twitter, Facebook, LinkedIn and YouTube.
Safe Harbor Statement
This press release contains forward-looking statements 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. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results 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 the acquisition of RepliWeb, including costs and difficulties related to integration of acquired businesses, the combined companies’ financial results and performance, and ability to repay debt and timing thereof; our liquidity challenges and the need to raise additional capital in the future; market acceptance of the Attunity Replicate and the development of a market for such product; timely availability and customer acceptance of Attunity’s new and existing products; any unforeseen developmental or technological difficulties with regard to Attunity’s products; 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; unknown factors affecting third parties with which Attunity has formed business alliances; 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; 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 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 2012. 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.