Just last week market researcher Gartner issued its annual Gartner Magic Quadrant for Analytics and Business Intelligence Platforms report and, as it has for many years, Qlik was one of the few companies to make the Leaders quadrant.
The market for business intelligence and data analytics software has been one of the IT industry’s fastest growing segments in recent years: Market researcher Fortune Business Insights says the global business intelligence market hit $27.11 billion in 2022 and forecasts a CAGR of 9.1 percent through 2030 when the market will reach $54.27 billion.
But despite the growth, the rough-and-tumble data analytics space has seen a lot of companies either falter or get acquired in recent years (Tableau by Salesforce, Looker by Google Cloud, Ahana by IBM, ClearStory by Alteryx, Information Builders by Tibco, Tibco by Citrix, etc.).
Qlik, for its part, has been an acquirer. The company expanded into data integration technology with its savvy acquisition of Attunity in 2019 and into machine learning with its 2021 purchase of Big Squid, among others. Qlik is currently on the verge of completing its acquisition of data management and integration software developer Talend under a deal announced in January.
Qlik, at one time a publicly traded company, was itself acquired and taken private by private equity giant Thoma Bravo in 2016. (Thoma Bravo also owns Talend, which it acquired in 2021.) While Qlik filed documents in January 2022 signaling early plans for an IPO, those plans remain on hold following last year’s slumping stock markets.
Qlik, in the meantime, has pursued an aggressive growth path, including recently launching its “Connector Factory” initiative to extend links between its products and a wide range of data sources. The company also has been expanding its channel operations with an emphasis on customer lifecycles, cloud services and recurring revenue.
On the eve of QlikWorld, the company’s annual customer and partner conference held this week in Las Vegas, CRN caught up with Qlik CEO Mike Capone (pictured) to discuss the state of the data analytics space, Qlik’s pending Talend acquisition, a new pricing model announced at QlikWorld, and what it all means for Qlik’s channel partners.
What follows is an edited transcript of CRN’s interview with Capone.
106Shares
LEARN MORE: Mergers and Acquisitions | Business Intelligence and Analytics | Database and System Software | Channel Programs | Cloud Channel Programs | Cloud Software
Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at [email protected].
RELATED CONTENT
The Coolest Data Management And Integration Software Companies Of The 2023 Big Data 100Red Hat Layoffs Hit Project Managers, Customer Success TeamThe Coolest Big Data System And Cloud Platform Companies Of The 2023 Big Data 100The Coolest Database System Companies Of The 2023 Big Data 100The Coolest Business Analytics Companies Of The 2023 Big Data 100 TO TOPADVERTISEMENT
TRENDING STORIES
- 10 Cool New Cybersecurity Tools Announced At RSAC 2023 | CRN
- 20 Hottest Cybersecurity Products At RSAC 2023 | CRN
- Deloitte Layoffs To Hit 1,200 US Workers As Consulting Business Slows: Report | CRN
- Red Hat Layoffs: Cuts, ‘Cultural Change’, CEO Decision — 5 Key Things To Know | CRN
- CDW Layoffs: 5 Things To Know | CRN