BURLINGTON, Massachusetts, May 8, 2013 /PRNewswire/ --
Attunity Ltd. (NASDAQ CM: ATTU), a leading provider of information availability software solutions, announced today that it has extended its multi-year OEM strategic distribution agreement with one of its partners, a world-leading software and IT corporation. As part of the extension, the new structure of the agreement improves the pricing terms for license, support and maintenance revenues. This includes a higher royalty percentage, offering Attunity a greater share of revenue from each OEM transaction, as well as allowing Attunity to benefit from increased maintenance revenues on a recurring basis.
Under the OEM agreement, the partner embeds Attunity's data connectivity software as part of its data and information lifecycle management product line. This product line enhances the partner's offerings to support a broader variety of platforms and enables solutions such as data archiving, test data management, and application retirement. Revenues from this OEM agreement are expected to be recognized starting in the third quarter of this year.
"Building long-term strategic partnerships with one of the largest companies in the IT industry is an important part of our business and overall growth strategy," stated Shimon Alon, Chairman and CEO of Attunity. "This partner has extended and expanded the use of Attunity software over the years, making it part of multiple solutions. This renewed OEM agreement reinforces our unmatched focus on quality, service and partner success." http://boardvote.com/symbol/ATTU/communique/325537
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