A simplified solution for real-time data processing
The acquisition of Upsolver enables Qlik, a company featured in Vintage Altaroc Odyssey 2024, tobroaden its offering by integrating advanced technologies dedicated to real-time data ingestion and optimization. This development meets the needs of companies faced with managing large volumes of data and wishing to extract insights quickly and efficiently. Thanks to this acquisition, Qlik integrates advanced technologies that meet the needs of modern businesses.
According to James Fisher, Chief Strategy Officer at Qlik, "with Upsolver's real-time streaming capabilities and advanced optimizations, we're extending our platform to deliver even more value to our customers."
Record value thanks to ADIA investment
At the same time, a major transaction was announced: Thoma Bravo, Qlik's main shareholder since 2016, sold 10% of the company to Abu Dhabi's sovereign wealth fund, ADIA. This transaction values Qlik at $10 billion.
Thoma Bravo acquired Qlik in 2016 for $3 billion. This new investment, estimated at $1 billion, reflects not only investors' confidence in Qlik's business model, but also the growing role of data analytics solutions in the digital transformation of enterprises.
A clear ambition: to simplify data management in the age of AI
With sustained growth, sales approaching $1.5 billion by 2024 and strategic acquisitions, Qlik is positioned as a key partner for companies seeking to exploit the full potential of their data. The integration of Upsolver's technologies reinforces Qlik's ability to offer a complete solution, enabling organizations to manage, optimize and govern their data in an increasingly complex environment.
Thanks to these advances, Qlik remains at the forefront of innovation and reinforces its leadership role in data integration, analytics and AI, meeting the growing needs of businesses for scalability, interoperability and governance.
The exclusive interview with Mike Capone, Qlik CEO, will soon be available on our website.
