QlikTech Bolsters Advanced Visualization With Acquisition of NComVA


QlikTech Bolsters Advanced Visualization With Acquisition of NComVA

Extends Interactive Visualization Capabilities as Entry to Business Discovery

RADNOR, Pa.--(BUSINESS WIRE)-- Qlik Technologies Inc. (NASDAQ: QLIK) has acquired NComVA AB, a Swedish company specializing in advanced visualization technology. A QlikTech partner since 2011, NComVA's interactive visualization solutions already leverage the associative data discovery of QlikView, QlikTech's user-driven business intelligence platform. This acquisition expands QlikTech's expertise and capabilities in advanced visualization and analysis to pair with its associative approach to delivering a deeper understanding of data, especially when multiple data sources are analyzed together.

"Critical to QlikView's success is that it is both gorgeous and genius," said Anthony Deighton, Chief Technology Officer. "We call the visualizations gorgeous and the associations genius, and you would not want to have one aspect without the other. NComVA's technology and its people will help broaden our advances in visualization, especially when linked with the real power of business discovery, which is the ability to associate and analyze data without restrictions. It's the freedom to ask additional questions and see new relationships revealed through visuals and associations combined."

NComVA's specialized expertise will contribute many advanced visualization techniques to expand QlikTech's existing offering. This includes showing multivariate data through table lens, radar plot, scatter matrix, parallel coordinate, tree map and fish eye bars. Innovative capabilities include interactive time animation which allows users to see how changes in data relate to each other and the passing of time. Sophisticated applications of color legends and advanced filtering mechanisms can further help users scan for relationships and detect outliers. QlikTech also plans to leverage NComVA's mapping technology with dedicated geo-spatial chart types and its data storytelling functionality that fits into QlikView's collaboration feature set.

About NComVA

NComVA AB began as an advanced visualization think tank within the National Center for Visual Analytics (NCVA), a respected European research visualization laboratory. NComVA has delivered its solutions to approximately 100 governmental, educational and commercial organizations around the world, including The Organisation for Economic Cooperation and Development (OECD) and Eurostat, the statistical office of the European Union and leading provider of high quality statistics in Europe.

About QlikTech

QlikTech (NAS: 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 28,000 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, functionality and capabilities or of 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. 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.

Qlik™, QlikView™, QlikTech™, and the QlikTech logo are trademarks of QlikTech International AB which have been registered in multiple countries. Other marks and logos mentioned are the trademarks of their respective owners.

Photos/Multimedia Gallery Available:http://www.businesswire.com/multimedia/home/20130506005679/en/

Qlik Technologies Inc.
Global Communications
Maria Scurry, 781-366-7617
Investor Relations
Brett Pollack, 646-561-0906

KEYWORDS: United States North America Pennsylvania


The article QlikTech Bolsters Advanced Visualization With Acquisition of NComVA originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.