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Data Analytics Software Provider Qlik Signals Its IPO Plans

Rick Whiting

Qlik, which was taken private by Thoma Bravo in 2016, is planning on becoming a publicly traded company once again according to documents filed with the U.S. Securities and Exchange Commission.

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Business analytics and data integration software vendor Qlik plans to go public with an initial public (IPO), according to documents filed with the U.S. Securities and Exchange Commission.

Thursday Philadelphia-based Qlik said it had confidentially submitted a draft registration with the SEC for a proposed IPO of common stock. The company said the number of shares to be offered and the price range for the proposed offering “have not yet been determined.”

Qlik also did not provide a timeline for the IPO, saying it expects to complete the public offering “following the SEC review process, subject to market and other conditions.”

[Related: The Big Data 100 2021]

Qlik, whose full name is QlikTech International, was once a public company with its shares traded on the Nasdaq exchange. In August 2016 Qlik was acquired by private equity firm Thoma Bravo for $30.50 per share or about $3 billion in cash.

The IPO would make Qlik the latest big data company to go public, following an IPO from real-time data tech developer Confluent in June 2021 and the blockbuster IPO from data cloud provider Snowflake in September 2020.

A major player in the business analytics and data visualization space, Qlik markets business analysis and data management software including its flagship Qlik Sense business intelligence software and its cloud-based Qlik Active Intelligence Platform. The company competes with Tableau, now owned by Salesforce, Microsoft’s PowerBI and other business analytics software providers.

Qlik has expanded its data management and integration offerings in recent years with the $560 million acquisition of Attunity in 2019 and the acquisition of Podium Data in 2018.

In October Qlik acquired Blendr.io and its embedded integration and automation platform. And in September 2021 Qlik bought Big Squid, a developer of automated machine learning technology, in a move to provide more augmented analytics capabilities and build on its “active intelligence” moniker.

Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.

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