QlikTech is a software company. Björn Berg and Staffan Gestrelius QlikTech founded in 1993 in Lund (Sweden). The main product is the business intelligence tool QlikView.
QlikTech is headquartered in Radnor, Pennsylvania, with offices spread across the globe. Together with more than 1,100 partner companies supervised QlikTech more than 26,000 customers in over 100 countries.
The company's founders had the vision to develop a new type of software. This should be the associative mindset of the people emulate, so that the program is intuitive to use. This resulted in a software called QuikView. " Quik " stood for Quality, Understanding, Interaction, Knowledge (quality, understanding, interaction, knowledge). The software was very innovative, as she sat on the in-memory technology, ie the software runs completely in memory. Moore's Law has therefore also favors the development and success of QuikView. In 1996, the software was renamed to QlikView because user can single click to create data analysis.
In 2000 Måns Hultman QlikTech appointed CEO. This took Lars Björk - the current CEO - CFO into the team. He also focused on the QlikTech Business Intelligence market, so that accelerated the expansion of the company. The number of employees doubled from 35 in 1999 to 70 in 2003. QlikTech opted for a consortium of venture capital firm Accel Partners and Jerusalem Venture Partners to raise capital. Through the involvement of these flows U.S. $ 12.5 million into the company. By 2004, QlikTech reached an annual growth rate of 35 % and a turnover of USD 13 million.
During this time, QlikTech went into partnerships with Intel and HP to use the multi-core and multi-processor architectures; a main selling point is, finally, the speed of the software.
Due to the continuous development of hardware performance, especially the processors and memory, and the in-memory technology, QlikView can handle very large amounts of data and thousands of users today; thus QlikView is now also be used in large enterprises.
In 2007, Lars Björk CEO of QlikTech. Under his leadership, the turnover of QlikTech rose in 2010 to $ 226.5 million. Employees are now more than 1,600 employees in 22 offices in 12 countries. Since July 16, 2010 QlikTech is traded on the NASDAQ; therefore, the headquarters was moved to the United States.