Attunity Announces a Plan to Return to Compliance Following a Receipt of NASDAQ's Notice of Failure to Comply with Listing Requirement
Wednesday February 8, 4:41 pm ET
BURLINGTON, Mass.--(BUSINESS WIRE)--Feb. 8, 2006--Attunity, Ltd. (NASDAQ: ATTU - News), a leading provider of enterprise information integration software, today announced that it has a plan to return promptly to compliance with the minimum $10,000,000 stockholders' equity requirement for continued listing on the Nasdaq National Market. The plan will include, if necessary, the exercise of outstanding warrants by certain of its investors. On February 2, 2006, the company received a Nasdaq Staff Determination letter indicating that Attunity has failed to comply with the minimum $10,000,000 stockholders' equity requirement for continued listing on the Nasdaq National Market as set forth in Marketplace Rule 4450(a)(3).
Attunity is a leading provider of enterprise data integration software. Using Attunity's products, companies can seamlessly connect to data sources, stream data changes across the enterprise, and federate heterogeneous information to achieve a single view of their business. Employing a unique distributed architecture, Attunity software runs natively on enterprise data servers, turning locked data silos into an efficient Information Grid. The result is significantly enhanced performance and reduced cost of ownership.
Attunity software solutions are used world-wide for Data Warehousing, Operational Data Stores, and a variety of Information Integration initiatives, including service-oriented integration to the mainframe as part of EAI projects, legacy data access for business intelligence and reporting, real-time and efficient ETL based on change data capture, and single customer views from disparate information sources. Also, Attunity is a trusted partner for industry leaders like IBM, Oracle and HP who embed Attunity software into their products and solution offerings. http://biz.yahoo.com/bw/060208/20060208006046.html?.v=1