A Thoma Bravo, a leading investment company insoftware, announces the signing of an agreement to sell a significant minority stake inQlik®, global leader in data integration, data quality, analytics and Artificial Intelligence (AI), for a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). As part of the transaction terms, Thoma Bravo will remain the majority shareholder and will make a new equity investment in the company. A consortium of other investors is expected to also invest alongside ADIA and Thoma Bravo. This transaction reinforces Qlik's leadership in providing real-world AI solutions through a flexible and agnostic platform
Since it became a private company, Thoma Bravo has been collaborating with Qlik's leadership team to accelerate growth through 14 strategic acquisitions and substantial investments in Research & Development. Qlik serves clients in a wide range of sectors, including health, financial services, retail and public sector. Your solutions empower organizations to gather data, understand them, trust them, analyze them and act
The newly launched Qlik Talend® Cloud allows companies to build a reliable foundation for AI, while Qlik Answers™ brings value to proprietary unstructured data sources by generating relevant answers to questions with complete explainability. The Qlik platform supports comprehensive data needs in cloud environments, multicloud andon-premises.
"We are eager to accelerate Qlik's impact in the AI era and welcome ADIA in our next phase of growth". Our team took advantage of the opportunity brought by AI, based on a commitment to strong partnerships, customer success and solutions that drive a real competitive advantage. These principles have driven our growth and allowed us to deliver significant and tangible value from data and analytics, says Mike Capone, CEO of Qlik
"It has been a pleasure working alongside Mike and the Qlik team to establish it as a leader in data integration", data quality, analytics and AI. We are excited to continue this journey alongside Qlik, and now with ADIA, to further boost innovation, adds Seth Boro, Managing Partner of Thoma Bravo. "Through a strategy and execution focused on the future", Qlik has become invaluable for companies looking to create more value from their data.”
"As global market companies increasingly recognize the value of data integration", data quality and analytics to realize the potential of AI, we anticipate a sustained acceleration in the demand for these fundamental technologies, says Mike Hoffmann, Partner at Thoma Bravo. "Our investment reflects the strong tailwinds behind these solutions".”
Guggenheim Securities LLC is acting as financial advisor and Kirkland & Ellis LLP as legal advisor to Thoma Bravo and Qlik. Evercore is acting as a financial advisor and Gibson, Dunn & Crutcher LLP as legal advisor to ADIA. The transaction is subject to regulatory approvals and customary closing conditions and is expected to be completed in the first quarter of 2025
