Attunity (OTC:ATTUF) to Acquire RepliWeb for $7.8 Million

Shawshank, VA 9/7/2011 (PennyPayDay) – Attunity Ltd. (OTC:ATTUF),a provider of real-time data integration software, today announced, in a press release, that it has signed a definitive agreement to acquire RepliWeb Inc., a U.S.-based provider of enterprise file replication and managed file transfer technologies. As I write, shares of Attunity were trading down 3 percent at $0.67 per share on volume of 26,000 shares.

With this strategic acquisition, Attunity will become one of the leading software vendors offering the broadest line of replication solutions, enabling access, sharing and distribution of both data and content across heterogeneous IT platforms in enterprise data centers and Cloud environments. With more than 1,500 customers worldwide, RepliWeb is a profitable business that generated approximately $8 million in revenue during 2010.

"This acquisition is an important milestone that will help Attunity to grow faster through the introduction of new software technologies and broader base of established customers," said Shimon Alon, Attunity's Chairman and CEO. "In addition to its strategic importance, this transaction will nearly double our revenues by the end of 2012 and accelerate our organic growth, thereby creating the necessary platform to drive earnings power and enhance shareholder value."

Mr. Alon added: "This acquisition will allow Attunity to target new addressable markets, develop opportunities with existing and new OEM channel partners, as well as benefit from RepliWeb's large customer base. Through the integration of RepliWeb's leading enterprise file replication and managed file transfer technologies with Attunity's established data integration and replication platforms, we expect to solidify our position as a leading provider in the Cloud environment and broaden our enterprise replication capabilities. We also plan to deliver optimized solutions for high-performance data and content replication, synchronization and distribution across Cloud environments and enterprise data centers once the new organization is fully-integrated."

Yossi Moriel, Founder and CEO of RepliWeb, said: "We are excited to join forces with the Attunity team. Together, we are creating the broadest replication framework for the enterprise IT industry. The combination of our products, technology, and vision represents a unique offering to the markets we serve. Leveraging Attunity's long-term partnerships with the world's largest technology vendors will enable the combined organization to expand its business and lead the Data and Content replication industry, solving next generation challenges for On-Premise and Cloud needs. This acquisition strongly emphasizes our non-compromising commitment to our loyal customer base to deliver the best solutions in the market."

Under the terms of the agreement, Attunity will acquire 100% of RepliWeb for $7.8 million (net of cash acquired).The transaction, which is subject to customary closing conditions, is expected to close by the end of September 2011.

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