Wednesday, 08 May 2019 00:45

Qlik completes Attunity acquisition

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Qlik completes Attunity acquisition Image Stuart Miles at FreeDigitalPhotos.net

Data analytics specialist Qlik has completed its acquisition of data integration and big data management software solutions provider Attunity.

Qlik says completion of the deal with Attunity will accelerate enterprise ability to turn raw data into shared insights across the organisation through real-time analytics.

As reported by iTWire, the two companies announced a definitive agreement on the deal in February, involving an all-cash purchase of Attunity shares at US$23.50 per share – an 18% premium on Attunity's closing price on 20 February (US$19.93 per share) and valuing the company at approximately US$560 million.

In an announcement on Tuesday after completion of the acquisition, Qlik said bringing together Attunity’s data integration solutions with the data management and cataloguing solutions of Qlik Data Catalyst provided customers a comprehensive enterprise data integration platform to transform their raw data into a governed, analytics-aware information resource.

“This platform 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 organisation,” Qlik said in a statement.

“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,” said Qlik chief executive Mike Capone.

“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.”

Capone said that by combining Attunity with Qlik Data Catalyst, Qlik would deliver the platform customers needed to enable modern data architectures and DataOps for Analytics.

He said Attunity extended Qlik’s breadth of enterprise data integration capabilities through cross-platform data streaming and automated delivery of analytic ready data sets that directly supports the market shift to cloud and real-time analytics.

And, consistent with Qlik’s vision for the third generation of business intelligence, a modern data integration strategy created the foundation for an enterprise analytics strategy that was able to drive insights, improves decision-making and transforms organisations, Qlk noted.

“Being able to quickly and confidently analyse 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.”

Qlik says it will ensure that Attunity products continue to support and integrate with all the market’s leading cloud, data, analytics and BI environments.

“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, including Microsoft, Amazon AWS, Google, Cloudera and Snowflake,” Qlik said.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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