by

Qlik Buys Attunity for $560 Million

Qlik will acquire all outstanding ordinary shares of Attunity for $23.50 in cash per share, representing 18% premium to Attunity $19.93 per share closing price on Wednesday

Shir Reiter 18:2021.02.19

Data analytics company Qlik Technologies, Inc. has agreed to acquire Nasdaq-listed big data software services provider Attunity Ltd. for $560 million, the latter announced Thursday.

For daily updates, subscribe to our newsletter by clicking here.

Under the terms of the agreement, Qlik will acquire all outstanding ordinary shares of Attunity for $23.50 in cash per share, representing 18% premium to Attunity $19.93 per share closing price on Wednesday. The deal is subject to regulatory approval and is expected to close in the second quarter of 2019.

Attunity CEO Shimon Alon. Photo: Orel Cohen

Founded in 1988 by Israeli entrepreneur Shimon Alon, Attunity offers software for the management, sharing, and distribution of big data across enterprise platforms and the cloud. The company provides software directly and indirectly through partners including Microsoft, Oracle, and IBM. The company is headquartered in Boston and operates offices in the U.S., Europe, and Asia Pacific.

In a statement, Qlik CEO Mike Capone attributed the decision to acquire Attunity to the company’s “strength in real-time data delivery across complex cloud environments.”