Qlik will buy Attunity to boost enterprise data management and analytics
Attunity's tech will enable Qlik to integrate predictive analytics and AI into data management
Qlik has announced the acquisition of Attunity, a move that will enable the analytics firm to integrate cross-platform data streaming into its platform.
The news comes shortly after Qlik acquired Podium Data and Indevio and, as part of the deal, Qlik will acquire all outstanding Attunity ordinary shares for approximately $560 million, while Attunity shareholders will receive $23.50 cash per share.
The purchase will help enterprises better take advantage of predictive analytics and AI in their multi-cloud environments and data lakes, according to the company. This means data can be more easily managed and enhanced insights will be available in real time.
"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's 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."
Many of Attunity's data experts will be joining Qlik, ensuring the company can continue to grow its enterprise offerings.
The acquisition will also put Qlik in touch with Attunity's broad community of partners, including AWS, Cloudera, Microsoft, and Snowflake, opening up new market opportunities for Qlik.
"We are excited to be joining Qlik, combining our data integration and big data management capabilities with the analytics leader to accelerate our success," added 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."