Attunity Appoints Aki Ratner Chief Executive Officer; Company Founder and CEO Arie Gonen Resigns.WAKEFIELD, Mass. -- Attunity, Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ATTU Attu, island: see Aleutian Islands. ), a leading provider of enterprise data integration software, announced today that it has named Aki Ratner as Chief Executive Officer. Arie Gonen, Attunity's founding CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , has notified the company that he will resign as both CEO and Director if shareholders approve the terms of a Termination of Employment "Fired" and "Firing" redirect here. For other uses, see Fired (disambiguation) and Firing (disambiguation). “Gross misconduct” redirects here. For the ice hockey term, see Penalty (ice hockey). Agreement at the next shareholders meeting to be scheduled for September. In the interim, Aki Ratner will take over Mr. Gonen's ongoing management responsibilities. "Reflecting on the past 16 years, I am very proud of the quality, dedication and achievements of Attunity employees," said Arie Gonen, founding CEO of Attunity. "It was my intention over the last four years to identify the right candidate to successfully succeed me as Attunity's CEO. In the group led by Shimon Alon, Aki Ratner and Ron Zuckerman, I found all the attributes needed to move Attunity to the next level: vision, management and experience. I am very pleased that Aki Ratner has agreed to succeed me as Attunity's CEO and am confident that he possesses the qualities to ensure continued success for Attunity." Shimon Alon, Chairman of the Attunity Board of Directors commented "Arie Gonen founded Attunity with a strong vision of delivering superior solutions to solve complex IT challenges. Arie's vision and dedication guided the Company through times of change and great challenges. On behalf of the board of directors, I want to thank Arie for his contribution and accomplishment. I wish Arie success in his new endeavors." "We are very pleased to have recruited Aki Ratner, who demonstrated strong management and prior success in turning around Precise Software--establishing it as a leader in the market," continued Alon. "Aki is a true leader with strong vision and extensive experience. Aki had a significant role in developing corporate strategy, establishing distribution channels, working with customers, and acquiring and merging companies." "I am very excited about the future of Attunity and honored to accept the position of CEO," said Aki Ratner. "Attunity has a number of significant assets including differentiated technology, a global 2000 customer base, strategic partnerships, and talented employees. I am very confident about Attunity's future." Aki Ratner was the President of Precise Software Solutions from 2000 to 2003, where his responsibilities included overseeing worldwide sales and marketing, research and development and product support for the Company. After the acquisition of Precise by VERITAS in June 2003, Mr. Ratner served as Senior Vice President for Integration at VERITAS. Mr. Ratner served in the Israeli Air Force The Israeli Air Force (IAF; Hebrew: זרוע האויר והחלל, Zroa HaAvir VeHaḤalal from 1981 to 1996 where he combined operational responsibilities between flying and numerous software development management positions. About Attunity Ltd. 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 fed·er·ate v. fed·er·at·ed, fed·er·at·ing, fed·er·ates v.tr. To cause to join into a league, federal union, or similar association. v.intr. To become united into a federal union. 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 (1) A separate database or set of data files that are not part of an organization's enterprise-wide data administration. See siloed application. (2) An external storage array or cabinet. See disk array. into an efficient Information Grid. The result is significantly enhanced performance and reduced cost of ownership. More then a 1000 customers are using Attunity software world-wide for data integration initiatives such as service-oriented integration to the mainframe as part of EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together. projects, legacy data access for business intelligence and reporting, real-time and efficient ETL (Extract, Transform, Load) The functions performed when pulling data out of one database and placing it into another of a different type. ETL is used to migrate data, often from relational databases into decision support systems. based on change data capture, and single customer views from disparate information sources. Also, Attunity is a trusted partner for industry leaders like Oracle and HP who embed em·bed also im·bed v. em·bed·ded, em·bed·ding, em·beds v.tr. 1. To fix firmly in a surrounding mass: embed a post in concrete; fossils embedded in shale. Attunity software into their products and solution offerings. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Certain statements in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Because such statements deal with future events, they are subject to various risks and uncertainties and actual results could differ materially from Attunity 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 es·ca·late v. es·ca·lat·ed, es·ca·lat·ing, es·ca·lates v.tr. To increase, enlarge, or intensify: escalated the hostilities in the Persian Gulf. v.intr. 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 discussed in Attunity's Report on Form 20-F for the year ended December 31, 2003, which is on file with the Securities and Exchange Commission. Attunity assumes no obligation to update information concerning its expectations. |
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