Qlik Acquired by Thoma Bravo
- by Radu Cotarcea
Qlik has announced that, following a Special Meeting of Shareholders held on August 17, 2016, the majority of its shareholders have agreed to enter into an agreement based on which the Private Equity firm Thoma Bravo will acquire Qlik.
With the shareholder vote complete, all approvals required to complete the transaction have been received and the transaction was expected to close on August 22, 2016. Upon closing, Qlik shareholders will be entitled to receive USD 30.5 in cash for each share of Qlik common stock they hold.
Lars Bjork, Chief Executive Officer of Qlik, stated: "We believe our partnership with Thoma Bravo represents a tremendous opportunity to further expand upon our platform-based approach to business intelligence (BI) and analytics and will also provide significant benefits to our customers and employees. We are excited to close the transaction and work with Thoma Bravo on our next chapter of innovation and growth.”
Earlier, Savage Intel reported that Qlik had expanded its Qlik Academic Program with a new Data Analytics Curriculum (reported on August 2, 2016).