Qlik

Qlik
Public (NASDAQ: QLIK)
Industry Business Intelligence, Business Discovery, Business Analysis, Software Company
Founded 1993
Headquarters Radnor, Pennsylvania
Key people
 Lars Björk, CEO
Tim MacCarrick, CFO
Anthony Deighton, CTO/SVP Products
Diane Adams, Chief People Officer
Rick Jackson, CMO
Products QlikView, Qlik Sense, Expressor, NPrinting
Number of employees
 2,500 (October, 2015)
Website http://qlik.com

Qlik is a software company based in Radnor, Pennsylvania, United States. Qlik is the provider of QlikView and Qlik Sense, business intelligence & visualization software.

History

Qlik (previously known as QlikTech) was founded in Lund, Sweden in 1993 as a software company in business intelligence (BI).[1] Its PC-based desktop tool was called QuikView. "Quik" stood for "Quality, Understanding, Interaction, Knowledge." Initially the software was sold only in Sweden.[2]

Måns Hultman became CEO in 2000 and Lars Björk became CFO. The company focused on the area of Business Intelligence (BI), growing from 35 employees in 1999 to 70 in 2003. At that point, QlikTech needed more capital and a broader vision to continue its growth. To that end, QlikTech selected a syndicate consisting of venture capital firms Accel Partners and Jerusalem Venture Partners (JVP), and raised $12.5 million in capital[3] Alex Ott of Accel and Erel Margalit of JVP devised a growth strategy that resulted in a 35% annual growth rate and $13 million in revenue by 2004.[4]

In 2005, the single-user desktop tool was replaced with a server-based web tool. [5] Qlik established partnerships with Intel and HP, and incorporated charts and colors in their UI. Qlik customers include DB Schenker, Dendrite, Ericsson, and the Swedish Post.

In 2007, Lars Björk became Qlik’s CEO. The company claims a user base of 34,000 customers in 100 countries.[6] The company held an initial public offering in July 2010.

As of April 2011, the company had a market capitalization over $2 billion.[7]

In 2013, the company opened an office in Western Australia.[8]

In August 2015, the company expanded its R&D operations by opening an office in Ottawa, Canada. [9]

Announced in June 2016, Qlik agreed to sell itself to private equity firm Thoma Bravo LLC for about $3 billion.[10]

See also

References

  1. ↑ Qlik.com
  2. ↑ JVP makes 4,000% return on QlikTech Archived December 3, 2013, at the Wayback Machine.
  3. ↑ QlikTech Secures 12.5 Million Venture Capital Funding
  4. ↑ JVP sells holding in QLIK Technologies for $112 million Archived December 30, 2011, at the Wayback Machine.
  5. ↑ JVP makes 4,000% return on QlikTech Archived December 3, 2013, at the Wayback Machine.
  6. ↑ "QlikView Customers".
  7. ↑ "JVP Venture Capital". About. 2011-02-05.
  8. ↑ QlikTech new appointment, new WA office
  9. ↑ Qlik opens first Canadian R&D office in Kanata
  10. ↑ By author, Reuters. “Thoma Bravo to buy analytics firm Qlik in $3 billion deal.” June 2, 2016. June 2, 2016.

External links

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