Information availability software solutions provider Attunity Inc. (Nasdaq CM: ATTU) has signed a definitive agreement to acquire Appfluent Technology, Inc., a US-based leading provider of data usage analytics for big data environments, including data warehousing and Hadoop. Attunity will pay $18 million in cash and stock, with additional amounts based on performance milestones.
Through this acquisition, Attunity says it will be able to offer the industry's first product suite that analyzes big data usage patterns, and then moves large data volumes and processing workloads to Hadoop. Recent industry analysts report that Hadoop can save 70% or more of data storage and processing costs compared to traditional data warehouses. Appfluent's solutions enable the efficient utilization of Hadoop, delivering a significant ROI to enterprises using big data. These savings can be worth millions of dollars annually for large enterprises.
Attunity chairman and CEO Shimon Alon said, "This acquisition aligns with our strategy to capitalize on the changing dynamics in the market due to the Big Data revolution, expanding our position as a leading provider of highly valuable and uniquely differentiated big data solutions."
He added, "We also expect the acquisition of Appfluent to contribute directly to our revenue growth in 2015 as well as drive cross selling and bundling opportunities with customers and business partners across the entire Attunity product line. With data volumes growing so rapidly, it is critical for enterprises to accurately understand how big aata is being used, and Appfluent provides a leading solution in the market to address this growing demand."
Published by Globes [online], Israel business news - www.globes-online.com - on March 8, 2015
© Copyright of Globes Publisher Itonut (1983) Ltd. 2015
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