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Business intelligence company Qlik Technologies files for $100 million IPO

April 1, 2010

Qlik Technologies, a business intelligence software firm that provides enterprises with data analytics and search technology services under its Qlikview platform, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. The Radnor, PA-based company, which was founded in 1993, booked $157 million in sales last year, up 33% from 2008 ($118 million). The company is backed by international venture firms including Accel Europe (27%) and Jerusalem Venture Partners (25%) and plans to list on the NASDAQ under the symbol QLIK. Morgan Stanley, Citi and J.P. Morgan are the lead underwriters on the deal, for which terms and timing were not disclosed.