QlikTech

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QlikTech
Type Public (NASDAQ: QLIK)
Industry Business Intelligence, Business Analysis, Software Company
Founded 1993
Headquarters Radnor, Pennsylvania
Key people Lars Björk, CEO
Tim MacCarrick, CFO
Les Bonney, COO
Anthony Deighton, CTO/SVP Products
Diane Adams, Chief People Officer
Products QlikView 11
Website http://qlikview.com

QlikTech is a software company based in Radnor, Pennsylvania. QlikTech is the provider of QlikView, business intelligence software.

History

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

Måns Hultman became CEO in 2000 and Lars Björk became CFO. The company grew from 35 employees in 1999 to 70 in 2003. In 2003, QlikTech raised $12.5 million in capital.[2] In 2005, the single-user desktop tool was replaced with a server-based web tool.

In 2004, Accel and Jerusalem Venture Partners, an Israeli venture capital fund founded by Erel Margalit, invested in QlikTech, turning it into an international software house.[3]

QlikTech established partnerships with Intel and HP, and incorporated charts and colors in their UI. QlikTech customers include DB Schenker, Dendrite, Ericsson, and the Swedish Post.

In 2007, Lars Björk became QlikTech’s CEO. Revenue increased to $157 million in 2009 and the company employs over 650 people in 24 countries. It has over 1,100 partners worldwide. Its user base has expanded to 22,000 customers in 100 countries.[4] The company held an Initial Public Offering in July 2010.

In 2010, QlikTech debuted on Wall Street without using discounts to attract investors. It floated at $10 per share, higher than the minimum price it had set. [5]

As of April 2011, the company had a market capitalization over $2 billion.[6]

In 2013, the company opened an office in Western Australia.[7]

See also

  • Business discovery

References

  1. ↑ JVP makes 4,000% return on QlikTech
  2. ↑ QlikTech Secures 12.5 Million Venture Capital Funding
  3. ↑ JVP makes 4,000% return on QlikTech
  4. ↑ "QlikView Customers". 
  5. ↑ QlikTech debut a coup, including for JVP, Haaretz
  6. ↑ "JVP Venture Capital". About. Retrieved 5/2/11. 
  7. ↑ QlikTech new appointment, new WA office

External links


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