King of Prussia-based Qlik is preparing to offer another IPO opportunity after it recently boosted its product line through several acquisitions, writes Joseph DiStefano for The Philadelphia Inquirer.
One of the largest homegrown software firms in the Philadelphia area enables clients — including Honda, Novartis, and Vanguard — to collect data from sales, suppliers, and customers, by loading it on their employees’ phones and laptops. Once amassed, Qlik customers can access that information to make quick, informed business decisions.
The business-analytics specialist is a leader in the analytics and business intelligence sector, rivaling Tableau and Microsoft’s PowerBI unit, according to Gartner Group analysts.
In January, following the acquisition of several companies, Qlik sent the SEC a “draft registration statement for a proposed initial public offering” (IPO) of common stock. The company indicated it is ready to sell shares and resume life as a public company, contingent on SEC approval and the right “market conditions.”
Qlik originally went public in 2006. Four years later, Thoma Bravo, a Chicago tech-investment firm, took the company private.
“We got tons of support from (our owners at) Thoma Bravo,” said Qlik CEO Mike Capone. “They are all about the technology.”
Read more about Qlik in The Philadelphia Inquirer.
