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Attunity Ltd lands new Fortune 100 client for ‘Big Data’ software

Attunity estimates the deal will be worth more than $2mln in fees over a ‘several quarter’ implementation period.
Brand recognition is growing, says Attunity boss Shimon Alon.
Brand recognition is growing, says Attunity boss Shimon Alon.

Analytics software firm Attunity Ltd (NASDAQ:ATTU) shares rose 4.6% in early deals after it announced it had won new business with a Fortune 100 company.

Attunity said the ‘multi-million dollar and multi-phase’ deal will see the client, a global corporation, use the company’s Attunity Replicate software platform for its next generation ‘Big Data’ analytics initiative.

The clients programme aims to ‘improve insights, further enhance technology innovation and sharpen its competitive edge’, Attunity said.

Attunity estimates the deal will be worth more than $2mln in fees over a ‘several quarter’ implementation period.

“The customer agreement announced today is an example of one of the largest enterprises in the world - whose activities have far-reaching environmental, social and economic impacts - recognizing the advantages of utilizing our solutions across their business,” said Shimon Alon, Attunity chairman and chief executive.

Alon highlighted that larger, longer-term engagements with larger organisations - such as the one announced today - will add recurring revenues and will ultimately provide a ‘solid foundation for growth’.

He added: "We are pleased that this world-class leader has chosen us to assist them in enabling a new high visibility analytics initiative.

“As Attunity brand recognition has grown, we have become a significant provider for the analytics and Hadoop markets, resulting in broader access to opportunities with Fortune 500 companies.”

Attunity Replicate is designed to work with Hadoop, an open-source data delivery framework for very large or ‘Big Data’.

Nasdaq quoted Attunity shares gained 32 cents, 4.6%, to trade at $7.22 each.

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