Qlik, a data analytics specialist now headquartered in Radnor, Pennsylvania, as per a recent press release statement has agreed to acquire Attunity, a data integration and big data management solutions provider. Both Qlik & Attunity, signed a definitive agreement which involves an all-cash purchase transaction of Attunity shares at US$23.50 per share, valuing Attunity at US$560 million. Attunity’s market closing price on Feb. 20th, 2019 was US$19.93 per share. Qlik paid an 18% premium on Attunity shares to the shareholders. Board of directors of both Qlik & Attunity unanimously approved the acquisition agreement.
According to Mike Capone, CEO, Qlik, Attunity specializes in real-time data delivery across complex cloud environments, which will help further help Qlik to serve its customers better by helping them lead with data and align their enterprise analytics strategy. Attunity, which demonstrated strong growth these past years in a large market, will be an ideal partner for Qlik, together the companies are better positioned to serve enterprise customers along with the partner ecosystem to tackle the most challenging data problems.
With this acquisition, Qlik will now have access to Attunity’s technology. The Pennsylvania based company also expects to benefit from Attunity’s partner network, which includes giants like Amazon AWS, Cloudera, HPE, IBM, Microsoft, Oracle, and Snowflake. Attunity also has an impressive customer base, including Dolby Laboratories, Ford, GDF Suez, Northrop Grumman, Pfizer, Mercedes Benz USA,
The acquisition deal is subject to customary closing conditions and is expected to close in Q2 2019.