Thoma Bravo signed an agreement to sell a significant minority stake in Qlik, a King of Prussia, PA based global leader in data integration, data quality, analytics, and AI, to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
The amount of the deal was not disclosed. As part of the terms of the transaction, Thoma Bravo would remain the majority shareholder and would also make a new equity investment in the company. A consortium of other investors is expected to invest alongside ADIA and Thoma Bravo.
Since taking the company private, Thoma Bravo has partnered with the Qlik leadership team to accelerate growth through 14 strategic acquisitions and substantial R&D investments. Qlik serves customers across a wide range of industries, including healthcare, financial services, retail, and the public sector. Its solutions empower organizations to bring data together, make sense of it, trust it, analyze it, and take action.
The recently launched Qlik Talend® Cloud enables businesses to build a trusted foundation for AI, while Qlik Answers™brings value to proprietary unstructured data sources by generating relevant answers to questions with full explainability. Qlik’s platform supports comprehensive data needs across cloud, multi-cloud, and on-premises environments.
FinSMEs
11/11/2024