Qlik Announces Acqusition by Thoma Bravo, June 2, 2016

Qlik Technologies Announces Agreement to be Acquired by Thoma Bravo. June 2, 2016

Qlik Acquisition By Thoma Bravo Probably Good Thing

Qlick Technologies (QLIK), provider of QlikView, announced that it has entered into an agreement to be acquired by private equity investment firm Thoma Bravo, LLC in an all-cash transaction of approximately $3.0 billion or $30.50 per share.

Earlier this year Qlick retained Morgan Stanley to explore a possible sale. Qlik was facing pressure from activist investor Elliott Management, which owns an 8.8 percent stake in the company, to sell to a larger technology rival. Not moving in that direction is probably good news for Qlik customers and its partner network.  Qlik leaving the stock market will reduce a lot of pressure on the company to meet short term numbers and allow it to focus on executing its strategy.

PCS Consulting has used the QlikView solution, in combination with activity-based profitability and costing software, to provide on-demand profitability analysis dashboards and reporting.


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