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Attunity Appoints Mr Shimon Alon as Chief Executive Officer
Apr 29, 2008 (08:04 AM EDT)
BURLINGTON, Massachusetts, April 29 /PRNewswire-FirstCall/ -- Attunity Ltd , a leading provider of enterprise-class software for application and data integration, and workplace solutions in the Composite Applications market, announced today that Mr. Shimon Alon, the current Chairman of the Board of Directors, will assume the additional role as Chief Executive Officer (CEO), effective from June 1st.
Following notification from Mr. Aki Ratner, the current CEO, that he will be stepping down from his post on June 1st, Attunity's Board of Directors appointed Mr. Alon as the new CEO. Mr. Alon will take up the position on the same day. Mr. Ratner will continue to serve as a director and support the company in the execution of its vision.
"Having embarked upon a very strategic new direction, with the aim of establishing a new foundation for the company's growth, these last three years have been very significant for Attunity, and inevitably difficult at times," said Aki Ratner, CEO of Attunity. "However, I believe that we have now moved through that period, and placed Attunity on much firmer ground for future growth. I now feel that the time is right to step down and have someone else steer the Company to the next level. To that end, I am very pleased that Shimon has agreed to succeed me as Attunity's CEO. Having worked with him for many years, I know that he possesses the right qualities to lead Attunity to success, and I am committed to continue helping the company and Shimon achieve their goals."
"Aki has steered Attunity through some challenging times, launching a new product into a new market, and building a good platform for future company growth. I would like to personally thank him for his contribution and hard work," stated Shimon Alon, Chairman of the Board of Directors for Attunity. "I am now looking forward to leading Attunity to the next phase as it becomes a leading player in the new generation of real-time, event-driven, integrated applications. Attunity has some very significant assets, including a large global customer base, world-class technology, strategic partnerships to be proud of, and truly talented employees. I am very confident about Attunity's future."
Shimon Alon, who has a track record of accelerating growth and leading companies to success, was the Chief Executive Officer of Precise Software Solutions, a leading provider of application performance management. Following the acquisition of Precise by VERITAS Software Corporation in June 2003, Mr. Alon served as an executive advisor to VERITAS. Prior to his position with Precise Software, Mr. Alon held a number of positions at Scitex and its subsidiaries, including as President and Chief Executive Officer of Scitex America and Managing Director of Scitex Europe. Mr. Alon holds a degree from the Executive Management Program at the . He has been Chairman of the Board of Directors of Attunity since 2004.
In accordance with Israeli law, since Mr. Alon is the Chairman of the Board of Directors, the appointment of Mr. Alon as CEO as well as his terms of compensation, will be submitted to the approval of the shareholders. Attunity intends to convene a special shareholders' meeting as soon as practicable for that purpose. Details of this meeting, including the date and location of the meeting and the record date for shareholders entitled to vote at this meeting, will be announced shortly.
Attunity has delivered sophisticated data and application integration solutions for nearly 20 years and today is also at the forefront of the Composite Applications market focused on the business workplace, with its flagship product Attunity InFocus. With Attunity InFocus, organizations can develop sophisticated, workplace-focused applications, based on information from anywhere, that help business managers at all levels assess, detect and resolve those business issues that can most impact their business.
With successful deployments of its software products at thousands of organizations worldwide, Attunity provides enterprise-class software directly and indirectly through a number of strategic and OEM agreements with global-class partners such as HP, IBM, Microsoft, Oracle, Business Objects and Cognos.
Headquartered in Boston, Attunity serves its customers via offices in North America, Europe, and Asia Pacific and through a network of local partners. For more information, please visit us at http://www.attunity.com , the content of which is not part of this press release.
Safe Harbor Statement
This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal Securities laws. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results could differ materially from Attunity's current expectations. Factors that could cause or contribute to such differences include, but are not limited to: the impact on revenues of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; any unforeseen developmental or technological difficulties with regard to Attunity's products; changes in the competitive landscape, including new competitors or the impact of competitive pricing and products; a shift in demand for products such as Attunity's; unknown factors affecting third parties with which Attunity has formed business alliances; timely availability and customer acceptance of Attunity's new and existing products; and other factors and risks on which Attunity may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Attunity, reference is made to Attunity's Annual Report on Form 20-F for the year ended December 31, 2007, which is on file with the Securities and Exchange Commission. Except as otherwise required by law, Attunity undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
(c) 2008 Attunity Ltd. All rights reserved. Attunity is a trademark of Attunity Inc.
For more information: Andy Bailey, VP Marketing Attunity +1-781-213-5204 firstname.lastname@example.org Dror Elkayam, VP Finance Attunity +972-9-899-3000 email@example.com
CONTACT: For more information: Andy Bailey, VP Marketing, Attunity, firstname.lastname@example.org+1-781-213-5204, ; Dror Elkayam, VP Finance,Attunity, 972-9-899-3000,