Qlik

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Qlik
Private
Industry Business Intelligence, Business Discovery, Business Analysis, Software Company
Founded 1993
Headquarters Radnor, Pennsylvania
Key people
David Murphy (CEO), Tim MacCarrick, CFO
Anthony Deighton, CTO/SVP Products
Deborah Snow, Chief People Officer
Rick Jackson, CMO
Products QlikView, Qlik Sense, Expressor, NPrinting
Number of employees
2,500 (October, 2015)[citation needed]
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[edit]

Qlik (previously known as QlikTech) was founded in Lund, Sweden in 1993 as a software company in business intelligence (BI).[1][non-primary source needed] 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.[relevant? ]. In 1993, Swedish VC Industrifonden had joined the company as one of the first institutional investors.[3] To raise more capital, QlikTech was welcomed a syndicate consisting of existing investors together with venture capital firms Accel Partners and Jerusalem Venture Partners (JVP), and raised $12.5 million in capital[4][non-primary source needed] 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.[5][non-primary source needed]

In 2005, the single-user desktop tool was replaced with a server-based web tool. [6] 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 40,000 customers in 100 countries.[7][non-primary source needed] The company held an initial public offering in July 2010.

As of April 2011, the company had a market capitalization over $2 billion.[8][non-primary source needed]

In 2013, the company opened an office in Western Australia.[9]

In August 2015, the company expanded its R&D operations by opening an office in Ottawa, Ontario. [10][dead link][not in citation given]

Announced in June 2016, Qlik agreed to sell itself to private equity firm Thoma Bravo LLC for about $3 billion.[11]

In the fall of 2016 it was announced that Qlik will be partnering with Ontario, Canada, to establish a lab in Ottawa, focused on developing software for cloud computing, analytics and business intelligence. The project has a total value of over $22 million and is expected to be completed by December 2019. [12][non-primary source needed]

See also[edit]

References[edit]

External links[edit]