Brief

Attunity Shareholders Approve Acquisition by Qlik

Nasdaq-listed big data software services provider Attunity announced the $560 million acquisition in February

The shareholders of Nasdaq-listed big data software services provider Attunity Ltd. have approved its acquisition by data analytics company Qlik Technologies Inc., Attunity announced Monday. 93% of votes cast were in favor of the merger, despite previous concerns that the acquisition valued Attunity at a discount compared to other companies in the sector.

 

Founded in 1988 and headquartered in Boston, Attunity offers software for the management, sharing, and distribution of big data across enterprise platforms and the cloud. Its $560 million all cash acquisition was first announced in February, pricing Attunity’s shares at an 18% premium at the time.

 

The acquisition has received all antitrust approvals and clearances required, Attunity said Monday, and is expected to close in May.

 

 

Attunity CEO Shimon Alon. Photo: Orel Cohen