Qlik

Qlik
Private
Industry Business Intelligence, Business Discovery, Business Analysis, Software Company
Founded 1993
Headquarters Radnor, Pennsylvania
Key people
 Mike Capone, CEO
Drew Clarke, SVP Office of Strategy Management
Mike Potter, CTO
Rick Jackson, CMO
Debbie Lofton, VP and General Counsel and Secretary
Chris Jones, EVP Worldwide Sales
Deborah Snow, Chief People Officer
Roberto Sigona, Chief Customer Officer
Tim MacCarrick, CFO
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]

In 1993, Swedish VC Industrifonden joined the company as one of the first institutional investors.[3] Måns Hultman became CEO in 2000 and Lars Björk became CFO. Lars Björk became the CEO of Qlik 2007[4] and served the company until October 2017[5]. 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., so a syndicate of existing investors together with venture capital firms Accel Partners and Jerusalem Venture Partners (JVP) raised $12.5 million in capital[6]

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.[7]

In 2005, the single-user desktop tool was replaced with a server-based web tool. [8] 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.[9] The company held an initial public offering in July 2010.

As of April 2011, the company had a market capitalization over $2 billion.[10]

In 2013, the company opened an office in Western Australia.[11]

In August 2015, the company expanded its R&D operations by opening an office in Ottawa, Ontario. [12]

In June 2016, Qlik announced it had agreed to sell itself to private equity firm Thoma Bravo LLC for about $3 billion.[13]

In June 2018, C40 Cities, a network of global cities partnered with Qlik to create actionable data products.[14]

As of July 2018, Qlik is used by the British police to "predict crime."[15]

See also

References

  1. ↑ Qlik.com
  2. ↑ JVP makes 4,000% return on QlikTech Archived December 3, 2013, at the Wayback Machine.
  3. ↑ https://industrifonden.com/success-stories/qlik/
  4. ↑ "Lars Björk Is The Big Winner of the Qlik Takeover - Swedish Startup Space" (in Swedish). Retrieved 2018-08-07.
  5. ↑ "Qlik Announces CEO Transition". Retrieved 2018-08-07.
  6. ↑ QlikTech Secures 12.5 Million Venture Capital Funding
  7. ↑ JVP sells holding in QLIK Technologies for $112 million Archived December 30, 2011, at the Wayback Machine.
  8. ↑ JVP makes 4,000% return on QlikTech Archived December 3, 2013, at the Wayback Machine.
  9. ↑ "QlikView Customers".
  10. ↑ "JVP Venture Capital". About. 2011-02-05.
  11. ↑ QlikTech new appointment, new WA office
  12. ↑ Qlik opens first Canadian R&D office in Kanata Archived 2017-03-20 at the Wayback Machine.
  13. ↑ By author, Reuters. “Thoma Bravo to buy analytics firm Qlik in $3 billion deal.” June 2, 2016. June 2, 2016.
  14. ↑ Desk, Devdiscourse News. "C40 cities ties up with Qlik to create actionable data products | Global Edition". Devdiscourse. Retrieved 2018-06-07.
  15. ↑ Wright, Robert (July 19, 2018). "UK police force using data to assess risk and predict crime". Financial Times. Retrieved July 19, 2018.
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