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Qlik Positioned in the Leaders Quadrant of Gartner’s Magic Quadrant for Business Intelligence and Analytics Platforms for Sixth Consecutive Year

 

February 09, 2016

Qlik®, (NASDAQ: QLIK) a leader in visual analytics, today announced it has been positioned by Gartner, Inc. in the Leaders Quadrant of the 2016 Business Intelligence and Analytics Platform Magic Quadrant report*. This designation marks the sixth consecutive year that Qlik has been positioned in the Leaders Quadrant based on completeness of vision and ability to execute. Gartner Magic Quadrants provide a snapshot of how vendors perform in a market segment with the goal of helping end users make better informed decisions about companies they may be looking to partner with, or whose services or products they may want to purchase. The full report is available for download from http://www.qlik.com/mq2016.

According to the report, “Leaders are vendors that demonstrate a solid understanding of the product capabilities and commitment to customer success that buyers desire in the current market, coupled with an easily understandable and attractive pricing model that supports proof of value and incremental purchases. In the case of the modern BI and analytics platform market, buying decisions are now being made, or at least heavily influenced, primarily by business users that demand easy-to-use and easy-to-buy products that deliver clear business value and enable powerful analytics with limited technical expertise and without the requirement for up-front involvement from IT. In a rapidly evolving market, with innovation being introduced constantly, a Leader must also demonstrate that it is not only focused on current execution but also has a robust roadmap that will solidify its position as a future market leader, thus protecting the investment of today's buyers.” The report goes on to say that “Net new buying in the market is being dominated by vendors that are focused on agility and ease of use for business users coupled with the ability to govern deployments and promote the responsible creation, distribution and use of analytic content created within the platform.”

“We have always been a disruptive force in the BI industry. There was a time that our data discovery was a visionary concept that the established vendors were trying to add to their existing solutions. Years later data discovery has set the standard in BI and we have maintained our visionary leadership,” said Lars Björk, Qlik chief executive officer. “As the pioneer in this market, Qlik will continue to make bold moves in building a modern platform that delivers not only beautiful visualizations, but a platform for enterprise-class governance and manageability that can grow with customers on their visual analytics journey.”

Qlik is focused on the next transformation of the BI market as it matures to meet the evolving demands of users. In April 2015, Qlik announced the latest version of its modern, platform-based approach to BI with Qlik Sense Enterprise 2.0. The offering spans use cases across the organization ranging from self-service data visualization, to reporting and dashboards, to guided analytics, and embedded analytics, all based on the patented QIX Associative Indexing Engine. The company also introduced the Qlik® Analytics Platform, specifically designed to make it easier for developers to build any data-driven app they can imagine, as well as Qlik® Cloud which allows free sharing of applications and enhanced collaboration with the ability to publically share interactive charts through Qlik Sense Charts. With the acquisition of DataMarket, Qlik now enables seamless access to on-demand external data sources.

Committed to extending innovation to areas of customer service and support, Qlik introduced Qlik Proactive Support, a first in BI industry proactive monitoring-as-a-service solution for issue prevention and resolution. Through Qlik Proactive Support, Qlik now provides real-time anomaly detection, live diagnostics, and regular health check reports. Qlik Support then provides proactive recommendations for optimum performance and risk mitigation.

Over these years of continued innovation and changing the face of BI, Qlik maintains its belief that all people need to drive analysis from any data source – on premise or in the cloud, internal or external – without restriction or limitation. With Qlik’s associative experience users can ask and answer streams of questions to explore information freely rather than being confined to a predefined path of questions – because insights come from truly understanding the data from all angles.


About Qlik

Qlik (NASDAQ: QLIK) is a leader in visual analytics. Its portfolio of products meets customers’ growing needs from reporting and self-service visual analysis to guided, embedded and custom analytics. Approximately 37,000 customers rely on Qlik solutions to gain meaning out of information from varied sources, exploring the hidden relationships within data that lead to insights that ignite good ideas. Headquartered in Radnor, Pennsylvania, Qlik has offices around the world with more than 1700 partners covering more than 100 countries.

About the Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

*Gartner “Magic Quadrant for Business Intelligence and Analytics Platforms” by Josh Parenteau, Rita L. Sallam, Cindi Howson, Joao Tapadinhas, Kurt Schlegel, Thomas W. Oestreich, February 4, 2016.

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements, including, but not limited to, statements regarding the value and effectiveness of Qlik’s products, the introduction and timing of product enhancements or additional products and Qlik's growth, expansion and market leadership, that involve risks, uncertainties, assumptions and other factors which, if they do not materialize or prove correct, could cause Qlik’s results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words “predicts,” “plan,” “expects,” “focus,” “anticipates,” “believes,” “goal,” “target,” “estimate,” “potential,” “may,” “will,” “might,” “momentum,” “can,” “could,” “seek,” and similar words. Qlik intends all such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in such statements due to various factors. Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent Qlik's views as of the date of this press release. This press release is intended to outline our general product direction and should not be relied on in making a purchase decision, as the development, release, and timing of any features or functionality described for our products remains at our sole discretion. Qlik anticipates that subsequent events and developments will cause its views to change. Qlik undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing Qlik’s views as of any date subsequent to the date of this press release.

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© 2016 QlikTech International AB. All rights reserved. Qlik®, Qlik Sense®, QlikView®, QlikTech®, Qlik® Cloud, Qlik® DataMarket, Qlik® Analytics Platform and the QlikTech logos are trademarks of QlikTech International AB which have been registered in multiple countries. Other marks and logos mentioned herein are trademarks or registered trademarks of their respective owners.

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