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Attunity Acquires RepliWeb to Offer Extensive Data and Content Replication Platform for Cloud and Enterprise Data Centers
Strategic Acquisition Will Drive Growth and Nearly Double Revenues by End of 2012
BURLINGTON, Massachusetts, September 7, 2011/PRNewswire-FirstCall/ --
Attunity Ltd. (OTC Bulletin Board: ATTUF.OB),a leading provider of
real-time data integration software, today announced that it has signed a
definitive agreement to acquire RepliWeb Inc., a U.S.-based leading provider
of enterprise file replication and managed file transfer technologies. With
this strategic acquisition, Attunity will become one of the leading software
vendors offering the broadest line of replication solutions, enabling
access, sharing and distribution of both data and content across
heterogeneous IT platforms in enterprise data centers and Cloud
environments. With more than 1,500 customers worldwide, RepliWeb is a
profitable business that generated approximately $8 million in revenue
during 2010.
"This acquisition is an important milestone that will help Attunity to
grow faster through the introduction of new software technologies and
broader base of established customers," said Shimon Alon, Attunity's
Chairman and CEO. "In addition to its strategic importance, this transaction
will nearly double our revenues by the end of 2012 and accelerate our
organic growth, thereby creating the necessary platform to drive earnings
power and enhance shareholder value."
Mr. Alon added: "This acquisition will allow Attunity to target new
addressable markets, develop opportunities with existing and new OEM channel
partners, as well as benefit from RepliWeb's large customer base. Through
the integration of RepliWeb's leading enterprise file replication and
managed file transfer technologies with Attunity's established data
integration and replication platforms, we expect to solidify our position as
a leading provider in the Cloud environment and broaden our enterprise
replication capabilities. We also plan to deliver optimized solutions for
high-performance data and content replication, synchronization and
distribution across Cloud environments and enterprise data centers once the
new organization is fully-integrated."
Yossi Moriel, Founder and CEO of RepliWeb, said: "We are excited to join
forces with the Attunity team. Together, we are creating the broadest
replication framework for the enterprise IT industry. The combination of our
products, technology, and vision represents a unique offering to the markets
we serve. Leveraging Attunity's long-term partnerships with the world's
largest technology vendors will enable the combined organization to expand
its business and lead the Data and Content replication industry, solving
next generation challenges for On-Premise and Cloud needs. This acquisition
strongly emphasizes our non-compromising commitment to our loyal customer
base to deliver the best solutions in the market."
Under the terms of the agreement, Attunity will acquire 100% of RepliWeb
for $7.8 million (net of cash acquired).The transaction, which is subject to
customary closing conditions, is expected to close by the end of September
2011.
Additional details regarding the proposed transaction are included in
the Report on Form 6-K that the Company will furnish to the Securities and
Exchange Commission (SEC) in the next few days.
About RepliWeb
Headquartered in Coconut Creek, FL, RepliWeb provides enterprise
software and world-class support that ensures information and application
availability throughout distributed IT infrastructures. Founded in 2000,
with operations in the US, UK, and Israel, RepliWeb has an installed base of
over 1,500 customers, and has a diverse portfolio of collaborate
partnerships with Software Companies, Managed and Cloud Service Providers,
and System Integrators.
RepliWeb's products are built on over a decade's worth of expertise and
dynamic thought leadership in IT automation, scheduling, and transfer
acceleration technologies. The company is an industry recognized leader in
Application Release Automation, Managed File Transfer, Enterprise File
Replication, SharePoint, and Cloud infrastructures and helps power some of
the most important production environments.
About Attunity
Attunity is a leading provider of real-time data integration software
that enables information access and availability across data centers and the
cloud. Our offering includes software solutions such as Attunity Stream
[http://www.attunity.com/attunity_stream ](R), a real-time
change-data-capture (CDC) software, our Operational Data Replication
[http://www.attunity.com/operational_data_replication ] (ODR) solution and
Attunity Connect [http://www.attunity.com/attunity_connect ](R), our
real-time connectivity software. Using Attunity's software solutions, our
customers enjoy dramatic business benefits by enabling real time access to
information where and when needed, across the maze of heterogeneous systems
making up today's IT environment in enterprise data centers and in the
cloud.
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 and join our
community on Twitter [http://www.twitter.com/attunity ], Facebook
[http://www.facebook.com/attunity ] and LinkedIn
[http://www.linkedin.com/groups?about=&gid(84948&trk=anet_ug_grppro ].
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.
For example, when we discuss the expected closing of the proposed
acquisition, future growth of revenues or other expected benefits of the
proposed acquisition, we are using a forward-looking statement. 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 proposed
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
including the timely acceptance of payments due from Microsoft; 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; our liquidity challenges and the need to
raise additional capital in the future; 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; timely availability and customer
acceptance of Attunity's new and existing products; 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 Annual Report on Form 20-F for the
year ended December 31, 2010, 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.
(c) 2011 Attunity Ltd. All rights reserved. Attunity is a trademark of
Attunity Inc.
For more information, please contact:
Todd Fromer / Garth Russell
KCSA Strategic Communications
P: +1-212-682-6300
tfromer@kcsa.com / grussell@kcsa.com
Dror Harel-Elkayam, CFO
Attunity Ltd.
Tel. +972-9-899-3000
dror.elkayam@attunity.com
Source: Attunity Ltd
.
Attunity Acquires RepliWeb to Offer Extensive Data and Content Replication Platform for Cloud and Enterprise Data Centers
Strategic Acquisition Will Drive Growth and Nearly Double Revenues by End of 2012
BURLINGTON, Massachusetts, September 7, 2011/PRNewswire-FirstCall/ --
Attunity Ltd. (OTC Bulletin Board: ATTUF.OB),a leading provider of
real-time data integration software, today announced that it has signed a
definitive agreement to acquire RepliWeb Inc., a U.S.-based leading provider
of enterprise file replication and managed file transfer technologies. With
this strategic acquisition, Attunity will become one of the leading software
vendors offering the broadest line of replication solutions, enabling
access, sharing and distribution of both data and content across
heterogeneous IT platforms in enterprise data centers and Cloud
environments. With more than 1,500 customers worldwide, RepliWeb is a
profitable business that generated approximately $8 million in revenue
during 2010.
"This acquisition is an important milestone that will help Attunity to
grow faster through the introduction of new software technologies and
broader base of established customers," said Shimon Alon, Attunity's
Chairman and CEO. "In addition to its strategic importance, this transaction
will nearly double our revenues by the end of 2012 and accelerate our
organic growth, thereby creating the necessary platform to drive earnings
power and enhance shareholder value."
Mr. Alon added: "This acquisition will allow Attunity to target new
addressable markets, develop opportunities with existing and new OEM channel
partners, as well as benefit from RepliWeb's large customer base. Through
the integration of RepliWeb's leading enterprise file replication and
managed file transfer technologies with Attunity's established data
integration and replication platforms, we expect to solidify our position as
a leading provider in the Cloud environment and broaden our enterprise
replication capabilities. We also plan to deliver optimized solutions for
high-performance data and content replication, synchronization and
distribution across Cloud environments and enterprise data centers once the
new organization is fully-integrated."
Yossi Moriel, Founder and CEO of RepliWeb, said: "We are excited to join
forces with the Attunity team. Together, we are creating the broadest
replication framework for the enterprise IT industry. The combination of our
products, technology, and vision represents a unique offering to the markets
we serve. Leveraging Attunity's long-term partnerships with the world's
largest technology vendors will enable the combined organization to expand
its business and lead the Data and Content replication industry, solving
next generation challenges for On-Premise and Cloud needs. This acquisition
strongly emphasizes our non-compromising commitment to our loyal customer
base to deliver the best solutions in the market."
Under the terms of the agreement, Attunity will acquire 100% of RepliWeb
for $7.8 million (net of cash acquired).The transaction, which is subject to
customary closing conditions, is expected to close by the end of September
2011.
Additional details regarding the proposed transaction are included in
the Report on Form 6-K that the Company will furnish to the Securities and
Exchange Commission (SEC) in the next few days.
About RepliWeb
Headquartered in Coconut Creek, FL, RepliWeb provides enterprise
software and world-class support that ensures information and application
availability throughout distributed IT infrastructures. Founded in 2000,
with operations in the US, UK, and Israel, RepliWeb has an installed base of
over 1,500 customers, and has a diverse portfolio of collaborate
partnerships with Software Companies, Managed and Cloud Service Providers,
and System Integrators.
RepliWeb's products are built on over a decade's worth of expertise and
dynamic thought leadership in IT automation, scheduling, and transfer
acceleration technologies. The company is an industry recognized leader in
Application Release Automation, Managed File Transfer, Enterprise File
Replication, SharePoint, and Cloud infrastructures and helps power some of
the most important production environments.
About Attunity
Attunity is a leading provider of real-time data integration software
that enables information access and availability across data centers and the
cloud. Our offering includes software solutions such as Attunity Stream
[http://www.attunity.com/attunity_stream ](R), a real-time
change-data-capture (CDC) software, our Operational Data Replication
[http://www.attunity.com/operational_data_replication ] (ODR) solution and
Attunity Connect [http://www.attunity.com/attunity_connect ](R), our
real-time connectivity software. Using Attunity's software solutions, our
customers enjoy dramatic business benefits by enabling real time access to
information where and when needed, across the maze of heterogeneous systems
making up today's IT environment in enterprise data centers and in the
cloud.
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 and join our
community on Twitter [http://www.twitter.com/attunity ], Facebook
[http://www.facebook.com/attunity ] and LinkedIn
[http://www.linkedin.com/groups?about=&gid(84948&trk=anet_ug_grppro ].
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.
For example, when we discuss the expected closing of the proposed
acquisition, future growth of revenues or other expected benefits of the
proposed acquisition, we are using a forward-looking statement. 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 proposed
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
including the timely acceptance of payments due from Microsoft; 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; our liquidity challenges and the need to
raise additional capital in the future; 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; timely availability and customer
acceptance of Attunity's new and existing products; 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 Annual Report on Form 20-F for the
year ended December 31, 2010, 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.
(c) 2011 Attunity Ltd. All rights reserved. Attunity is a trademark of
Attunity Inc.
For more information, please contact:
Todd Fromer / Garth Russell
KCSA Strategic Communications
P: +1-212-682-6300
tfromer@kcsa.com / grussell@kcsa.com
Dror Harel-Elkayam, CFO
Attunity Ltd.
Tel. +972-9-899-3000
dror.elkayam@attunity.com
Source: Attunity Ltd
.