Qlik ronounced "klik"(formerly known as Qliktech) provides a

business analytics Business analytics (BA) refers to the skills, technologies, and practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing ne ...

platform. The

software Software is a set of computer programs and associated documentation and data. This is in contrast to hardware, from which the system is built and which actually performs the work. At the lowest programming level, executable code consists ...

company was founded in 1993 in

Lund, Sweden Lund (, , ) is a city in the southern Swedish provinces of Sweden, province of Scania, across the Øresund, Öresund strait from Copenhagen. The town had 91,940 inhabitants out of a municipal total of 121,510 . It is the seat of Lund Municipali ...

and is now based in

King of Prussia, Pennsylvania King of Prussia (also referred to as KOP) is a census-designated place in Upper Merion Township in Montgomery County, Pennsylvania, United States. As of the 2020 census, its population was 22,028. The community took its unusual name in the 18th ...

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. The company's main products are Qlik Replicate and Qlik Sense, both software for

business intelligence Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis and management of business information. Common functions of business intelligence technologies include reporting, online analytical pr ...

and

data integration Data integration involves combining data residing in different sources and providing users with a unified view of them. This process becomes significant in a variety of situations, which include both commercial (such as when two similar companies ...

History

The company was founded in

in 1993, by Bjorn Berg and Staffan Gestrelius. Its Swedish headquarters are still in Lund. The company's first product, QuikView (now called QlikView), was built to enable users to retrieve detailed data analysis from various systems. In 1993, Måns Hultman became CEO in 2000 and Lars Björk became CFO. The first version of the product came out in 1994, and a patent application was made in 1995. ''QUIK'', in the original name of the product, stood for Quality, Understanding, Interaction, and Knowledge. QlikView 2 came out in 1996, QlikView 3 in 1997, and QlikView 4 in 1999. In 1998, the company received funding from Swedish investors

Handelsbanken Svenska Handelsbanken AB is a Swedish bank providing banking services including traditional corporate transactions, investment banking and trading as well as consumer banking including insurance. Handelsbanken is one of the major banks in Sweden ...

and Industrifonden The company focused on the area of business intelligence, growing from 35 employees in 1999 to 70 in 2003. In 2004, the firm decided to expand internationally and moved the company headquarters to the U.S., while development stayed in Lund. That year, it secured $12.5 million in venture capital funding from equity firms

Accel Partners Accel, formerly known as Accel Partners, is an American venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California, with additional ...

and

Jerusalem Venture Partners Jerusalem Venture Partners (JVP) is an international Venture capital in Israel, venture capital firm founded in 1993. The fund specializes in investments in Startup company, startup companies, focusing on digital media, enterprise software, semic ...

. QlikView 7 was released in 2005 and the single-user desktop tool was replaced with a server-based web tool, and in 2006, the company had $44 million in revenue. In 2007, Lars Björk became CEO.

Recent history

As of April 2011, the company had a

market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ...

over $2 billion. In 2012, Forbes listed it as one of America's top three fastest-growing tech companies. In 2012, Qlik acquired expressor Software for metadata management. In 2013, the company opened an office in

Perth, Australia Perth is the capital and largest city of the Australian state of Western Australia. It is the fourth most populous city in Australia and Oceania, with a population of 2.1 million (80% of the state) living in Greater Perth in 2020. Perth is ...

, due to its large consumer base in that country. In August 2015, the company expanded its research and development operations by opening an office in Ottawa, Ontario. In 2015 Qlik acquired Vizubi and its NPrinting product. In 2016, private equity firms

Bain Capital Bain Capital is an American private investment firm based in Boston. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate. Bain Capital invests across a range of industry se ...

Permira Permira is a global investment firm. Founded in 1985, the firm advises funds with assets under management of €60+ billion. The Permira funds have made approximately 300 private equity investments in four key sectors: Technology, Consumer, Ser ...

, and

Thoma Bravo Thoma Bravo, LP, is an American private equity and growth capital firm with offices in San Francisco, Chicago and Miami. It is known for being particularly active in acquiring software companies and has over $114 billion in assets under manage ...

submitted offers to buy Qlik. In June, the firm announced that it agreed to sell itself to Thoma Bravo for about $3 billion. In 2017, CEO Lars Bjork transitioned his responsibilities to David Murphy as interim CEO; Mike Capone was named CEO in January 2018. In 2017, Qlik started working with Philadelphia, Pennsylvania-based

Thomas Jefferson University Thomas Jefferson University is a private research university in Philadelphia, Pennsylvania. Established in its earliest form in 1824, the university officially combined with Philadelphia University in 2017. To signify its heritage, the univer ...

and Jefferson Health. The two worked together to use data to identify situations where healthcare officials could prescribe fewer opioids, helping to combat the opioid epidemic in Philadelphia. In 2017 Idevio (Geo Analytics) was acquired by Qlik, and data catalog company Podium Data in 2018. In 2019, the company acquired an AI, natural language bot company, Crunch Data, who it had partnered with for 4 years prior to the acquisition. Crunch Data was integrated into its Insight Advisor product. In 2019, the company acquired data integration company Attunity for $560M which expanded its footprint in the Boston area. In 2020, the company acquired Knarr Analytic for its real-time collaboration and insight capture capabilities. The same year, the company acquired RoxAI for its Ping Alerting and intelligent automation software, and Blendr.io for its data integration platform-as-a-service (iPaaS) to allow for data integration and automation to hundreds of SaaS-based business applications. Qlik was used by the

Wrightington, Wigan and Leigh NHS Foundation Trust Wrightington, Wigan and Leigh Teaching Hospitals (WWL) NHS Foundation Trust is an NHS Foundation Trust providing services in the Metropolitan Borough of Wigan and Wrightington, England. It was formed on 1 April 2001 by the merger of Wrightingto ...

NHS patient data during the

COVID-19 pandemic in the United Kingdom The COVID-19 pandemic in the United Kingdom is a part of the worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). In the United Kingdom, it has resulted in confir ...

. In 2021, the company introduced Qlik Application Automation, which automates tasks and data workflows between Qlik Cloud and SaaS applications. The same year, the company acquired Salt Lake City-based Big Squid, a leading provider of no-code automated machine learning. The company also went on to acquire NodeGraph, a customizable metadata management solution, to help expand its analytics data pipeline capabilities. In 2022, Qlik confidentially filed papers for

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

with the

U.S. Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

to go public.

Products

Qlik's Associative Engine lets users do

big data Though used sometimes loosely partly because of a lack of formal definition, the interpretation that seems to best describe Big data is the one associated with large body of information that we could not comprehend when used only in smaller am ...

analytics, combining a number of data sources so that associations and connections can be formed across the data. The two main data analytics products Qlik Sense (current cloud-based software) and QlikView (legacy on-premise product) serve different purposes running on the same engine. QlikView for analyzing static data, while Qlik Sense allows

concatenation In formal language, formal language theory and computer programming, string concatenation is the operation of joining character string (computer science), character strings wikt:end-to-end, end-to-end. For example, the concatenation of "sno ...

of different data sources, allowing drill-down on an individual data record. The Qlik Data Analytics Platform (QDA) offers direct access to Qlik's Associative data engine through open and standard APIs. Qlik Data Catalyst is an enterprise data catalog management product. and Qlik Core is an analytics development platform built around Qlik's Associative engine and company-authored open source libraries. As add-on products, Qlik GeoAnalytics provides mapping capabilities and built-in support for geoanalytic use cases, Qlik DataMarket provides access to a cloud-based service with a variety of external data content that can be used to cross-reference and augment users’ data, and Qlik Connectors are tools that allow QlikView and Qlik Sense to interact with external data sources not accessible through normal ODBC or OLE-DB data connections The Qlik Data Integration platform, (QDI) includes Qlik Replicate for data replication and real-time data ingestion, Qlik Catalog for organizing data, and Qlik Compose for data lakes and data warehouse automation.

References

External links

* {{Portal bar, Companies, United States Software companies based in Pennsylvania Software companies of Sweden Software companies established in 1993 1993 establishments in Sweden Companies based in Delaware County, Pennsylvania Radnor Township, Delaware County, Pennsylvania Business intelligence companies Business intelligence software Business analysis Big data companies Companies formerly listed on the Nasdaq 2010 initial public offerings 2016 mergers and acquisitions Data companies Data visualization software Software companies of the United States

History

Recent history

Products

See also

References

External links