This is exciting news for the future of Qlik and will help accelerate our plans to The agreement was unanimously approved by Qlik’s board of directors. Ever since being privately owned by Thoma Bravo they kicked out the CEO Lars Bjork and brought its friends along leaving the Qlik spirit to none. The two factoids in the statement that analytics shoppers and industry watchers should make note of are that Murphy sits on Qlik’s board of directors and is an operating partner at Thoma Bravo, the private equity firm that acquired Qlik for $3 billion dollars around this time last year. Qlik is definitely a tier 2 data viz vendor at this point. Qlik shares traded on Tuesday around $32. After 6 years trading on the Nasdaq, Qlik Technologies Inc. announced it had agreed a buyout by prolific private equity firm Thoma Bravo LLC in a deal valuing the company at $3 billion. Thoma Bravo recently made a market move in June in the tech space, purchasing a visual analytics company called Qlik Technologies. Transaction Expected to Close on August 22. It started improving but the competition was even better. Qlik, de van oorsprong Zweedse leverancier van software voor business intelligence en analytics, komt in handen van de Amerikaanse investeerder Thoma Bravo. In 2016, private equity firms Bain Capital, Permira, and Thoma Bravo submitted offers to buy Qlik. The firm paid a pretty penny, shelling out a premium of 40% to Qlik’s 10-day average stock price prior to the transaction. This is hardly their first play in … Qlik, a leader in self-service Business Intelligence and Data Analytics announced that it has entered into a definitive agreement to be acquired by private equity firm Thoma Bravo, LLC. Thoma Bravo has an excellent track record of investing in outstanding technology businesses for the long-term, and I am confident our employees, customers and partners will greatly benefit from our partnership with them.” A copy of the recent press release can be found here. “Qlik’s platform blends best-in-class associative analytics and visualizations with data governance, scalability and interoperability,” said Seth Boro, a managing partner at Thoma Bravo. Qlik Shareholders Approve Sale to Thoma Bravo. Huge layoff recently of 500+ people and constantly in changes. The last company I worked at went through an acquisition with Thoma Bravo and the very next day after acquisition was confirmed we walked into the office and there were security guards in suits with ear pieces patrolling the office. Thoma Bravo is planning to offer between $28 and $30 per share in cash for Qlik, two of the people said. And today, June 2, things came to a conclusion when it was announced that Thoma Bravo has acquired Qlik for 3 billion USD. Thoma Bravo, LLC ("Thoma Bravo", of the United States) acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Qlik Technologies Inc. ("Qlik Technologies" of the United States) by way of purchase of shares.3 2. The purchase came after heavy pressure from activist hedge fund Elliot Management Corp. Under the terms of the agreement, Qlik shareholders will receive […] Then things got quiet for a while, until June 1, when the news appeared that private equity firm Thoma Bravo had submitted a 2.8 billion USD bid on Qlik. Thoma Bravo is planning to offer between $28 and $30 per share in cash for Qlik stock, two of the people said. "Qlik's platform blends best-in-class associative analytics and visualisations with data governance, scalability and interoperability," said Seth Boro, a managing partner at Thoma Bravo. The business activities of the undertakings concerned are: In June, the firm announced that it agreed to sell itself to Thoma Bravo for about $3 billion. “Qlik’s platform blends best-in-class associative analytics and visualizations with data governance, scalability and interoperability,” said Seth Boro, a managing partner at Thoma Bravo. https://fortune.com/2016/06/02/qlik-acquired-by-thoma-bravo “Thoma Bravo recognises the value that Qlik delivers – a platform that lets our customers see the whole story that lives within their data. The acquisition of Qlik Technologies by a private equity firm Thoma Bravo closed last week . Qlik, which is backed by Thoma Bravo, has acquired the assets and IP of Knarr Analytics, an Atlanta-based real-time collaboration solutions company. Qlik announced that the Company’s Board of Directors unanimously approved a definitive agreement to be acquired by Thoma Bravo, a leading technology-focused private equity firm. https://www.quickintelligence.co.uk/qlik-acquired-by-thoma-bravo August 17, 2016 09:38 AM Eastern Daylight Time. Thoma Bravo, LP, is an American private equity and growth capital firm headquartered in Chicago with an additional office in San Francisco.. Thoma Bravo has done 230 software deals worth over $68 billion since 2003 and oversees a portfolio of 38 software companies that generate some $12 billion in annual revenue and employ 40,000 people. Qlik shares traded at around $32 before news of the bid. Qlik Technologies agreed to be acquired by private-equity firm Thoma Bravo in a deal valued at roughly $3 billion, following a review of the technology company’s strategic options. Qlik gets leaner, meaner, cloudier after acquisition by Thoma Bravo. Qlik (QLIK) (the “Company”), a leader in visual analytics delivering intuitive solutions for self-service data visualization and guided analytics, today announced that, following a review of strategic alternatives, it has entered into a definitive agreement to be acquired by leading private equity investment firm Thoma Bravo, LLC in an all-cash transaction valued at approximately $3.0 billion. Thoma Bravo is known for working with a company’s management team to implement best practices, invest in growth initiatives, drive innovation, and deliver superior operating results. Avoid. Thoma Bravo's purchase of Qlik marks a quick victory for activist investor Elliott Management, less than five months after it began accumulating a 10.8 … Qlik Sense was released later than originally promised and very basic when it came out. Under the terms of the buyout, Qlik shareholders will receive $30.50 in cash for each share of Qlik common stock they hold. I hear a lot of people blaming Thoma Bravo for the negative changes but … Qlik Technologies Inc., an enterprise software company, agreed to be bought by private equity firm Thoma Bravo in an all-cash deal valued at about $3 billion. Qlik acquired Vizubi and its Nprinting product in 2015 as well. Not long before that deal, in August, Thoma Bravo finalized the purchase of Qlik, a provider of data visualization services, in a take-private buyout valued at about $3 billion. No financial terms were disclosed. Thoma Bravo is one of the most active and experienced private equity firms investing in software and technology companies, and cybersecurity in particular. Qlik, which makes visual analytics software and competes with Tableau, said it will go private in a deal with Thoma Bravo valued at $3 billion. Die heeft maar liefst drie miljard dollar over voor alle uitstaande aandelen van het nu nog aan de Nasdaq genoteerde bedrijf. The deal, which is worth an estimated $3 billion dollars, will be paid in cash. Thoma Bravo is and let me tell you why. Qlik has announced that, following a review of strategic alternatives, it has entered into a definitive agreement to be acquired by private equity investment firm Thoma Bravo in an all-cash transaction valued at approximately $3-billion.
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