Israel’s Attunity, a provider of information availability software solutions, announced that it has entered into a multi-million dollar technology license agreement for Attunity Replicate with a Cloud Services Company, allowing it to use Attunity’s replication and data transfer technology to facilitate data transfer between heterogeneous data environments and Cloud-based systems and services.
The company boasts that Attunity Replicate is a high-performance data replication software that enables organizations to accelerate and reduce the costs of distributing, sharing and ensuring the availability of data for meeting business operations and business intelligence needs.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
It also states that Attunity Replicate’s architecture facilitates data replication from many enterprises databases including Oracle, SQL Server and DB2, Big Data platforms including Apache Hadoop, Teradata and Pivotal Greenplum Database, and is designed to deliver quick time-to-value.
Shimon Alon, Attunity’s Chairman and Chief Executive Officer, stated, “This strategic license agreement demonstrates our leadership position and the value of our solutions to the data integration market. In addition to the strategic importance of this agreement, we expect to receive a significant portion of the consideration by the end of 2015.”
According to the company, this license agreement enables the partner to leverage Attunity’s database replication and data transfer technologies to facilitate the movement of data among various types of platforms, environments, and the Cloud. By doing so, the partner can accelerate adoption of its Cloud platform and add value to customers by providing them with easy to use, high-performance solutions that enable many use-cases, such as migration and disaster recovery.
Pursuant to the terms of this license agreement, the partner may incorporate Attunity’s technology into its services and Cloud offering, for a consideration of approximately $7.5 million payable over the next two years, or over $10 million if the partner exercises additional expansion options.
Shimon Alon added, “This partnership and the revenue it is expected to generate over the next few years will enable us to accelerate our growth in the Cloud, as well as in the Big Data markets. We already see additional opportunities to expand this agreement, and believe it will position Attunity as a defacto partner of choice for moving heterogeneous data, on-premise and in the Cloud.”
