Thoma Bravo, a Chicago-based private-equity firm, has acquired Radnor’s Qlik, a leader in visual analytics delivering intuitive solutions for self-service data visualization, in an all-cash transaction valued at approximately $3.0 billion.

The deal values each share at $30.50.

Qlik will maintain its corporate headquarters in Radnor, and will continue to service its customers globally, led by its existing executive team.

“We believe the proposed transaction is in the best interest of Qlik’s shareholders and provides the company with additional flexibility to execute our strategic plan as we continue to diligently provide customers with the premier products and services they have come to expect,” said Lars Björk, CEO of Qlik.

“Thoma Bravo recognizes the value that Qlik delivers – a platform that lets our customers see the whole story that lives within their data,” he added. “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.”

Orlando Bravo, a managing partner at Thoma Bravo, said he looks forward to partnering with the Qlik team as it continues to grow its platform-based approach to business intelligence and analytics.

“As the need for analytic solutions grows,” he said, “Qlik is well-positioned to continue to drive innovation and lead the market.”

“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.

“We are excited by Qlik’s product roadmap and confident that we can apply our experiences working with market-leading software companies to accelerate Qlik’s growth and market share across all geographies.”