Qlik's rapid growth attracts significant investment from Thoma Bravo and Abu Dhabi Investment Authority

A Thoma Bravo's, a leading investment company in software, announces signing agreement to sell a significant minority stake in the Qlik(IA), a global leader in data integration, data quality, analytics and Artificial Intelligence, for a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). As part of the terms of the transaction, Thoma Bravo will remain a majority shareholder and 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 becoming a private company, Thoma Bravo has collaborated with Qlik's leadership team to accelerate growth through 14 strategic acquisitions and substantial investments in R&D. Qlik serves customers in a wide range of industries including healthcare, financial services, retail and the public sector. Its solutions empower organizations to gather data, understand it, trust it, analyze it and take action.

The newly launched Qlik Talend Cloud enables enterprises to build a trusted foundation for AI, while Qlik Answers & AI 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, multicloud, and cloud environments on-premises.

“We look forward to accelerating Qlik's impact in the AI era and welcome ADIA into our next phase of growth.Our team has taken advantage of the opportunity brought by AI, based on a commitment to strong partnerships, customer success and solutions that drive real competitive advantage.These principles have driven our growth and enabled us to deliver meaningful and tangible value from data and analytics”, says Mike Capone, CEO of Qlik.

“It has been a pleasure to work 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 drive” innovation, adds Seth Boro, Managing Partner of Thoma Bravo.“By means of a forward-looking strategy and execution, Qlik has become invaluable to 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 demand for these fundamental” technologies, says Mike Hoffmann, Partner at Thoma Bravo.“Our investment reflects the strong favorable winds 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 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 close in the first quarter of 2025.