RADNOR, Pa.--(BUSINESS WIRE)--QlikTech (NASDAQ: QLIK), a leader in Business Discovery – user-driven Business Intelligence (BI), today announced it has acquired Expressor Software, a Burlington, Massachusetts-based data management software company and QlikTech Qonnect partner. QlikTech acquired Expressor’s data management solution to help facilitate the expansion of QlikView deployments so people in an organization can have the data they need to make better decisions with all of the critical IT security and governance. The terms of the transaction were not disclosed.
Accelerating Data Governance for the New Enterprise
As Enterprise Business Discovery momentum has increased, the need for QlikView customers to describe data consistently and then reuse it to speed up deployment of additional applications has grown. To expand the use of QlikView’s Business Discovery platform, a metadata intelligence solution will help IT departments to know what data is being used and how it is being used (data lineage), while ensuring consistency and appropriate reuse of common data definitions (data governance).
“With this acquisition we are taking Business Discovery to the next level, offering a new breed of rapid, iterative metadata intelligence that delivers control at the core and flexibility at the edges of an organization,” said Anthony Deighton, QlikTech Chief Technology Officer.
How it Works: Descriptive Rather Than Prescriptive Approach
With the practical data governance as-you-deploy approach, customers describe data consistently as they build QlikView apps rather than being locked into doing it all upfront with a prescriptive semantic layer.
With the QlikView Expressor active metadata intelligence solution, customers can:
- Capture and manage the semantics of data while building QlikView applications to efficiently reuse data definitions
- Deploy quickly across the enterprise by establishing a repeatable and consistent view of common business and data definitions
- Provide users and IT with increased confidence in data through data lineage analysis
- Realize value from ‘big data’ by handling large volumes of diverse information sources
- Enhance QlikView's position at the core of information architecture by addressing all data flow requirements into and out of QlikView
“Expressor fits squarely in our acquisition strategy. We are acquiring complementary, tuck-in technology that will enhance the value we provide to our customers as we further develop and bring to market these solutions. We are also adding more than 20 outstanding people, primarily software engineers, expanding our R&D skill set,” said Lars Björk, Chief Executive Officer of QlikTech.
Product Availability
As Expressor had developed integrations to QlikView as a partner, the QlikView Expressor Server is available immediately in standard and enterprise versions. More information can be found on QlikTech’s web site and similar to QlikView, users can try the solution with a free download.
Future product roadmap and integration plans will be introduced over the coming months.
About QlikTech
QlikTech (NASDAQ: QLIK) is a leader in Business Discovery—user-driven Business Intelligence (BI). Its QlikView Business Discovery solution bridges the gap between traditional BI solutions and inadequate spreadsheet applications. The in-memory associative search technology QlikTech pioneered created the self-service BI category, allowing users to explore information freely rather than being confined to a predefined path of questions. Appropriate from SMB to the largest global enterprise, QlikView’s self-service analysis can be deployed with data governance in days or weeks. The QlikView Business Discovery platform’s app-driven model works with existing BI solutions, offering an immersive mobile and social, collaborative experience. Headquartered in Radnor, Pennsylvania, QlikTech has offices around the world serving approximately 25,000 customers in over 100 countries.
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 QlikTech's products, the introduction of product enhancements or additional products and QlikTech'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 QlikTech’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,” “anticipates,” “believes,” “goal,” “target,” “estimate,” “potential,” “may”, “will,” “might,” “momentum,” “could,” “seek,” and similar words. QlikTech 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, including but not limited to: risks and uncertainties inherent in our business; our ability to attract new customers and retain existing customers; our ability to effectively sell, service and support our products; our ability to manage our international operations; our ability to compete effectively; our ability to develop and introduce new products and add-ons or enhancements to existing products; our ability to continue to promote and maintain our brand in a cost-effective manner; our ability to manage growth; our ability to attract and retain key personnel; currency fluctuations that affect our revenues and costs; the ability to integrate acquired businesses, personnel and technology; the scope and validity of intellectual property rights applicable to our products; adverse economic conditions in general and adverse economic conditions specifically affecting the markets in which we operate; and other risks more fully described in QlikTech’s publicly available filings with the Securities and Exchange Commission. Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent QlikTech's views as of the date of this press release. QlikTech anticipates that subsequent events and developments will cause its views to change. QlikTech 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 QlikTech’s views as of any date subsequent to the date of this press release.
QlikTech and QlikView are trademarks or registered trademarks of QlikTech or its subsidiaries in the U.S. and other countries. Other company names, product names and company logos mentioned herein are the trademarks, or registered trademarks of their respective owners.