Qlik Expands with Upsolver Acquisition for Real-time Data Integration
Deal News | Jan 14, 2025 | Thoma Bravo
Qlik, a global leader in data integration and analytics, has acquired Upsolver, a pioneering company in real-time data streaming and Apache Iceberg optimization. This strategic acquisition enhances Qlik's data integration platform focusing on open lakehouse solutions, which are becoming increasingly popular due to their scalability and performance capabilities. By incorporating Upsolver's technology, Qlik aims to offer a more cohesive data platform that supports real-time insights, cost optimization, and flexible interoperability across various data processing tools. The move reflects Qlik's strategy to lead in providing open and scalable solutions essential for modern enterprises that demand agility in data integration and analytics.
Sectors
- Data Integration and Management
- Analytics and Artificial Intelligence
- Enterprise Software
Geography
- United States – Qlik is headquartered in the United States and the acquisition of Upsolver is a significant development in the US technology and data integration markets.
Industry
- Data Integration and Management – The core focus of the article is on expanding Qlik's capabilities in data integration, specifically with the acquisition of Upsolver, which enhances their data management solutions.
- Analytics and Artificial Intelligence – Qlik's acquisition of Upsolver aims to improve its analytics and AI offerings by providing a more integrated data platform that facilitates advanced analytics and AI-driven insights.
- Enterprise Software – The integration of Upsolver's software with Qlik's platform is relevant to the enterprise software sector, offering robust data management solutions to facilitate business operations.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Qlik | Acquirer | Company | Qlik is a global leader in data integration, analytics, and AI solutions, seeking to enhance its platform capabilities through strategic acquisitions. |
| Upsolver | Target Company | Company | Upsolver specializes in real-time data streaming and Apache Iceberg optimization, providing technologies that enhance Qlik's data platform. |
| Thoma Bravo | Private Equity Firm | Company | Thoma Bravo is a private equity firm that supports Qlik, enabling strategic expansions in data integration and analytics capabilities. |