Qlik, the King of Prussia-based analytics firm that is blazing trails with data in a number of industries, has closed a $560 million deal to acquire Attunity, a publicly-traded data management company, and take it private, writes Michelle Caffrey for The Philadelphia Business Journal.
The acquisition was first announced in February. Attunity shareholders approved the deal last month, with the shares purchased at $23.50.
This acquisition will allow Qlik to combine its existing business intelligence analytics platform with Attunity’s know-how in integrating and managing large amounts of data from many sources. Also, this transaction expands Qlik’s partnerships with cloud infrastructure providers such as Microsoft and Amazon Web Services.
“Attunity’s agile and real-time data integration capabilities give Qlik a unique platform that perfectly aligns with an enterprise’s DataOps and analytics strategy,” said Qlik CEO Mike Capone. “The ability to help customers better automate and manage the delivery of trusted data for insights will help them lead with data to solve their most challenging problems.”
Qlik, which employs more than 2,000 people worldwide, specializes in data analytics and visualizations. Over the last year, the company has focused more on growing its ability to bring disparate sources of data to its platform to provide real-time analytics that allow companies and users to find important insights and make better decisions.
Read more about Qlik’s acquisition in The Philadelphia Business Journal here.