Investments underscore Qlik’s market leadership and value in providing end-to-end data integration, data quality, analytics and AI solutions
THE Thomas Bravo, a leading software investment firm, announces the signing of an agreement to sell a significant minority stake in Qlik®, a global leader in data integration, data quality, analytics and Artificial Intelligence (AI), to a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). As part of the terms of the transaction, Thoma Bravo will remain as the majority shareholder and will make a new equity investment in the company. A consortium of other investors are also expected to invest alongside ADIA and Thoma Bravo. This transaction reinforces Qlik’s leadership in delivering real-world AI solutions through a flexible, platform-agnostic platform.
Since taking the company private, 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 across a broad range of industries, including healthcare, financial services, retail and the public sector. Its solutions empower organizations to gather, understand, trust, analyze and act on data.
The newly launched Qlik Talend® Cloud enables enterprises 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. The Qlik platform supports comprehensive data needs across cloud, multicloud and on-premises environments.
“We look forward to accelerating Qlik’s impact in the AI era and welcome ADIA to our next phase of growth. Our team has embraced the opportunity presented by AI, built on a commitment to strong partnerships, customer success and solutions that drive real competitive advantage. These principles have fueled our growth and enabled us to deliver significant, tangible value from data and analytics,” said Mike Capone, CEO of Qlik.
“It has been a pleasure working alongside Mike and the Qlik team to establish Qlik as a leader in data integration, data quality, analytics and AI. We are excited to continue this journey with Qlik, and now with ADIA, to drive even more innovation,” added Seth Boro, Managing Partner at Thoma Bravo. “Through forward-looking strategy and execution, Qlik has become invaluable to companies looking to create more value from their data.”
“As companies across global markets 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 foundational technologies,” said 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 is acting as legal advisor to Thoma Bravo and Qlik. Evercore is acting as financial advisor and Gibson, Dunn & Crutcher LLP is acting 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.
About Thoma Bravo
Thoma Bravo is one of the world’s largest software-focused investors, with approximately $160 billion in assets under management as of June 30, 2024. Through its private equity, growth equity and credit strategies, the firm invests in innovative, growth-oriented companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep industry knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operational best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in over 490 companies, representing approximately $165 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, London, Miami, New York and San Francisco. For more information, please visit Thoma Bravo’s website at thomabravo.com.
About the Abu Dhabi Investment Authority
Founded in 1976, the Abu Dhabi Investment Authority is a globally diversified investment institution that invests funds prudently on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.
Regarding the Qlik
THE Qlik Qlik transforms complex data landscapes into actionable insights, driving strategic business outcomes. Serving more than 40,000 global customers, Qlik’s portfolio leverages advanced, enterprise-grade AI/ML and comprehensive data quality. Qlik is the leader in data integration and governance, offering end-to-end solutions that work with diverse data sources. Qlik’s intuitive analytics uncover hidden patterns, empowering teams to tackle complex challenges and seize new opportunities. Qlik’s practical, scalable AI/ML tools drive faster, better decisions. Qlik is a strategic partner, and its expertise and technology-agnostic platform make its customers more competitive. For more information, visit www.qlik.com/pt-br.
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