# Qlik Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qlik-technologies

- Industry: Software
- Headquarters: King of Prussia, US
- Website: www.qlik.com
- Total disclosed funding: $13M
- Latest round: Series A (Dec 6, 2004)
- Investors on record: 3

## About

Qlik Technologies Inc., based in the US, specializes in developing data integration and analytics solutions that empower organizations to harness data for informed decision-making.Qlik Technologies Inc. is known for its expertise in data analytics and integration, established in 1993 in King of Prussia, US. The firm has undergone strategic pivots, notably raising USD 1,000.00 mn in a Secondary Buyout led by Abu Dhabi Investment Authority in March 2011. Originally founded by a group of individuals, Qlik has remained independent and has not reported any parent or subsidiary structures. The company has completed a total of 6 deals since its inception, with a significant IPO raising USD 112.00 mn in July 2010. Its headquarters is situated in King of Prussia, where it continues to operate as a key player in the analytics industry under the leadership of CEO Mike Capone.Qlik’s primary offerings include advanced data integration, data quality, and analytics solutions designed to empower organizations to make data-driven decisions. Their flagship products, such as Qlik Talend® Cloud, Qlik Replicate®, and Qlik Compose®, enable users to seamlessly integrate and transform data from various sources, ensuring access to high-quality, actionable insights. Qlik Talend® Cloud provides a unified data foundation for AI, machine learning, and analytics initiatives, while Qlik Replicate® facilitates rapid data replication and real-time streaming. These solutions enhance operational efficiency, drive customer engagement, and improve strategic decision-making across sectors including healthcare, financial services, manufacturing, and public administration, serving over 40,000 organizations globally.In 2015, Qlik reported a revenue of USD 612.73 mn and an EBITDA of USD 3.66 mn. The company generates revenue through a subscription-based model for its software solutions, typically involving annual contracts. Qlik’s pricing structure accommodates various plans tailored to specific analytics and data integration needs, catering to both large enterprises and smaller businesses. Partnerships with technology leaders such as AWS, Google, and Microsoft further bolster its market presence, emphasizing its B2B relationships to optimize client data strategies.Looking ahead, Qlik aims to launch new products and enhance its existing offerings to better serve the analytics market. Plans are underway to expand into new geographic regions, focusing on emerging markets in Asia-Pacific and Europe by 2024. The funding raised in the latest deal, which totaled USD 1,000.00 mn, will be utilized to support these initiatives, enabling Qlik to invest in product development and market expansion efforts. Recent developments include generating increased operational efficiencies and enhancing data-driven insights for clients, following the successful exit of previous investors in early 2011.

## Funding rounds

- Series A, Dec 6, 2004, $13M — Accel, Jerusalem Venture Partners, Industrifonden

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A
- Jerusalem Venture Partners (https://capitalatlas.ai/funds/jerusalem-venture-partners) — Series A
- Industrifonden (https://capitalatlas.ai/funds/industrifonden) — Series A