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Press release

Qlik Strengthens Cloud-Based Offerings with Acquisition of Industrial CodeBox

Bolsters Qlik data preparation strategy with connectivity to Web-based data sources

May 02, 2016

QONNECTIONS 2016, Orlando, FL – Qlik® (NASDAQ: QLIK), a leader in visual analytics, today announced it has acquired Industrial CodeBox, the company behind QVSource, which allows Qlik Sense® and QlikView® users to include data from cloud-based sources such as social media, Software-as-a-Service (SaaS) applications, and other web-based APIs into their applications for deeper levels of insight.  A Qlik partner since 2011, QVSource provides over 40 out-of-the-box connectors to specific applications within popular Web-based services such as Twitter, Facebook, and Google, as well as cloud-based applications including Microsoft Dynamics CRM, and SugarCRM.  With this acquisition, Qlik enhances the time to value and ROI of the Qlik visual analytics platform by enabling customers to quickly setup and include data from cloud-based sources to gain even greater insights.  The terms of the transaction were not disclosed.

Qlik Connectors: See the Whole Story in Minutes

Today, most businesses rely heavily on web apps and cloud-based services such as Google Analytics and Salesforce.com. Along with the prominence of social media platforms as communications tools, this trend means that an ever increasing amount of a company’s data is being stored online by service providers.

As Enterprise Data Discovery momentum has increased, a growing number of Qlik customers need to have one solution that includes cloud-based services in order to see the whole story in their data.  Qlik Connectors can now intuitively communicate with the growing number of online services and data sources, in addition to on-premise databases, applications, spreadsheets and custom sources. All of this data can be fed into the Qlik visual analytics platform, where users can then analyze the combined external and internal data.

How It Works: Opening Up New and Important Data Sources

Data resides in increasingly disparate locations, with more and more on-premise operational systems being replaced with cloud services – even at the enterprise level. Leverging Qlik’s associative model, Qlik Connectors can now dynamically mine social media and cloud-based applications and automatically feed it into the Qlik visual analytics platform to give customers a richer view of business performance. The data can also be enriched as it is being retrieved, so for example, a Tweet or Facebook post can be analyzed for its sentiment.  With the Qlik Connectors, customers can also automate and schedule the regularity with which data is imported into the Qlik visual analytics platform. This radically improves the consistency of data analysis, and empowers users to make informed business decisions in near real-time.

“Industrial CodeBox and its QVSource application fit squarely in our acquisition strategy as tuck-in technology that enhances the value of Qlik solutions to our customers,” said Anthony Deighton, Qlik Chief Technology Officer. “This is a great way to accelerate data preparation and expand our cloud-based offerings to meet customer needs.”

Product Availability

Industrial CodeBox developed their integrations to the Qlik visual analytics platform as a technology partner and currently has hundreds of Qlik customers using their products. All released QVSource connectors will continue to be supported and will soon be rebranded under the name Qlik Connectors.

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 39,000 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.

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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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