Headquartered in Pennsylvania, United States, Qlik is a leading software company in data analysis, intelligence and visualization. On the other hand Attunity – a major provider of data integration and big data management software solutions. It was announced on Thursday, February 21, that both companies have signed an agreement for the acquisition of Attunity’s outstanding ordinary shares by Qlik for an approximate sum of $560 million.
The payment for this deal is to be made in cash to Attunity’s shareholders at $23.50 per share, representing 18% premium as against Attunity’s closing price on February 20, which was at $19.93 per share.
According to Mike Capone, Qlik CEO, the acquisition will give them a better position to serve their customers as well as other partners within the data market. Also, considering the place of Attunity in the market, it is clear that the combined expertise that comes from the deal will help in solving the most challenging data problems especially when the data source is closer than ever.
In July, 2018, Qlik announced the acquisition of Podium Data, a data management company whose solution accelerates customers’ ability to manage data dynamically across diverse landscape. This acquisition led to the introduction of Qlik Data Catalyst which enables analytics across enterprises with trusted, business-ready data. Qlik stated in its Thursday’s Press Release that Attunity’s solution will build upon Qlik Data Catalyst therefore, providing customers cross-platform data streaming capabilities to support a shift to cloud and real-time analytics.
“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,”
Furthermore, Qlik said with Attunity, their solutions will address the issue of real-time data migration across multiple cloud environments and data lakes with predictive analytics and artificial intelligence. Therefore, customers will enjoy an expanded enterprise data management solution that will transform their raw data into a governed, analytics-aware information resource.
Attunity on the other hand, stated that combining their data integration and big data management capabilities with Qlik’s Analytics solution is exciting and will accelerate Attunity’s success. “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,” said Shimon Alon, Chairman and CEO of Attunity.
According to Qlik, this acquisition will bring in Attunity’s partner network, further expanding Qlik’s partner ecosystem and market reach as well as strengthen its data lake management and cloud infrastructure partnerships, which includes giants such as Microsoft, Amazon AWS, Cloudera and Snowflake.