Attunity (OTC:ATTUF) Announces $9M OEM Agreement w/Microsoft

Attunity Ltd. (OTC:ATTUF), a provider of real-time data integration and event capture software, reported today its unaudited financial results for the fourth quarter and full year ended December 31, 2010. As I write, shares of Attunity are up 4 percent at $0.78 per share on light volume. Attunity has a market cap of $25 million and a 52-week range between $0.25 and $0.89 per share.

Commenting on the results, Mr. Shimon Alon, Attunity's Chairman and CEO, stated, "We are pleased that we met our 2010 strategic goals for revenue growth, non-GAAP operating profitability and improved cash position. We expanded our product offerings while elevating our OEM relationships and enhancing marketing and sales infrastructure required for our future growth and competitiveness."

Mr. Alon continued, "We have recently entered into a strategic OEM agreement with Microsoft, the largest in Attunity's history and as we announced today, we entered into an additional OEM agreement with Microsoft. Aside from their strategic importance, making Attunity the de-facto partner of choice of Microsoft for cloud computing and heterogeneous connectivity, these two five-year agreements worth nearly $9 million in total and with expected proceeds of nearly $4 million during 2011, will create new and exciting opportunities for us in the future. As previously announced, we have also extended our OEM agreements with two other industry giants during the year, which will allow us an additional stable stream of revenues."

Highlights of Q4 and FY 2010:

- Total revenues of $2.6 million in Q4 2010 compared to $2.1 million in
Q3 2010, representing a 17% growth.

- Total revenues of $10.1 million in 2010 compared to $9.5 million in
2009, representing a 7% growth.

- New strategic five-year OEM agreement with Microsoft, worth
nearly $7 million in total for change data capture technology for
Oracle databases, with expected payments of nearly $3.0 million during
2011.

- Repayment and reduction of debts from $4.0 million as of
December 31 2009 to $2.9 million as of December 31 2010.

- Positive cash flow from operations in both
Q4 2010 and FY 2010.

For more information, visit http://www.attunity.com.

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