Attunity Ltd., a provider of real-time data integration software, has signed a definitive agreement to acquire RepliWeb Inc., a Coconut Creek, Florida.-based provider of enterprise file replication and managed file transfer technologies. With this strategic acquisition, Attunity aims to become one of the leading software vendors offering a broad 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. According to Attunity, RepliWeb has more than 1,500 customers worldwide, and is a profitable business that generated approximately $8 million in revenue during 2010.
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.
"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."
The 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, adds Alon. Through the integration of RepliWeb's enterprise file replication and managed file transfer technologies with Attunity's data integration and replication platforms, Alon said the company expects to solidify its position as a leading provider in the cloud environment and broaden its 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."
For more information, visit www.attunity.com.