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Attunity jumps 9% on Microsoft agreement
By Shiri Habib
Jan 15, 2008, 12:21
Workplace data integration solutions provider Attunity has signed a global five-year OEM agreement with Microsoft Corporation worth almost $3 million. Attunity will provide its Attunity Connect adapters for Microsoft's upcoming SQL Server 2008. Attunity expects to earn $1 million revenue from this agreement in 2008.
Attunity jumped 9.1% to $0.60 yesterday, giving a market cap of $13.9 million.
Attunity CEO Aki Ratner said, "We have had a good relationship with Microsoft for some years now, but this takes it to another level, and one which we expect to bring substantial benefits to our mutual customer base. We see this OEM agreement unlocking new and exciting opportunities for both companies in the future."
In December, Attunity announced that one of its business partners was cancelling its OEM agreement with the company. Attunity said that the reason was "due to a change in its internal data integration strategy for open systems". The company earned $1 million revenue from that agreement in 2007. The share fell 15% on the news.
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