Qlik Acquires Attunity
Qlik today announced the completion of its acquisition of Attunity Ltd. The deal was closed with Qlik acquiring all outstanding ordinary shares of Attunity for a total value of approximately $560 million cash and satisfying all the closing conditions set forth in the merger agreement.
Attunity shareholders will now receive US$23.50 per share in cash, representing 18% premium as against Attunity’s closing price on 20, February 2019; which was at $19.93 per share.
Attunity is a major provider of data integration and big data management software solutions while US-based Qlik is a leading software company in data analysis, intelligence and visualization.
According to Qlik, bringing together Attunity’s data integration solutions with the data management and cataloging solutions of Qlik Data Catalyst™; will yield a platform that 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.
“Attunity’s agile and real-time data integration capabilities give Qlik a unique platform that perfectly aligns with an enterprise’s DataOps and analytics strategy. 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.
“Being able to quickly and confidently analyze enterprise-ready data is central to identifying and driving growth opportunities for Pekin Insurance,” said John Croft, Principal Architect, Pekin Insurance. “We’re thrilled to see Attunity and Qlik come together. The natural synergies between the products are significant, and together they will help us meet our current and future data integration and analytics needs.”
As announced, 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 which includes Microsoft, AWS, Google, Cloudera and Snowflake.