Data analytics company Qlik is acquiring Attunity, a provider of data integration and big data management software solutions.

Under the terms of the agreement, Qlik will acquire all outstanding ordinary shares of Attunity for a total value of approximately $560 million.

Attunity shareholders will receive $23.50 in cash per share, representing a 18 per cent premium to Attunity’s last closing price of $19.93 per share on February 20, 2019. The agreement was unanimously approved by the boards of directors of Qlik and Attunity.

Building on Qlik’s recent acquisition of Podium Data and the introduction of Qlik Data Catalyst, Attunity provides cross-platform data streaming capabilities to support a shift to cloud and real-time analytics, the comapny said.

“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 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.”

With Attunity, Qlik says it will provide customers with an expanded enterprise data management solution to transform their raw data into a governed, analytics-aware information resource.

Building on Qlik’s extensive partner ecosystem, this acquisition will pull in Attunity’s partner network, further expanding Qlik’s go-to-market reach and strengthening its data lake management and cloud infrastructure partnerships, including Microsoft, Amazon AWS, Cloudera and Snowflake.

Previous post

Cover Story: Venture Capital Industry is Allergic to All-Female Founded Businesses

Next post

Buy now, pay later platforms avoid compulsory credit checks

Join the digital transformation discussion and sign up for the Which-50 Irregular Insights newsletter.