QlikTech Continues to Show Unmatched Revenue Growth; Installed Base Tops 4,300 Customers in 60 countries
RADNOR, PA – July 26, 2006 ─ QlikTech, the world’s leading provider of In Memory Reporting and Analysis solutions, has been recognized by IDC as the fastest growing of the top 20 worldwide business intelligence software providers. In a recent competitive analysis report, “Worldwide Business Intelligence Tools 2005 Vendor Shares,? Dan Vesset, research director, analytics and data warehousing software at IDC, reports that “Over the past three years, QlikTech has seen unequaled acceleration of the acceptance of its technology in business intelligence market. QlikTech's expansion from its European base into North America has been received well and has helped the company achieve over a 70 percent growth rate in software license and maintenance during the past two years.?
“IDC continues to see healthy demand for business intelligence tools as they remain an attractive market for software vendors and one of the top investment priorities for end-user organizations. This is exemplified by a 11.5 percent growth rate in 2005 which yielded a total market size of $5.7 billion in worldwide software revenue,? according to Vesset. “Solutions such as QlikView from QlikTech, take a very different approach to data management from other major BI vendors by providing what amounts to 'infinite' dimensional ad-hoc query and analysis to end-users – something that traditional OLAP vendors cannot provide with their existing products.?
QlikTech is leading a new class of easy to use, fast and flexible business analysis solutions that connects people with mission critical information instantly through a simple, easy-to-understand and visually rich interface. QlikTech’s flagship product, QlikView 7.5, extends the company’s vision of simplifying business analysis, offering solutions that can be deployed in days, where users can be trained in minutes, and where end users have the freedom to be more creative in their analyses.
“QlikTech’s exceptional growth is indicative of broader trends we see in the business intelligence market. In short, organizations are looking for simplicity and faster deployment, and end users demand a solution which everyone can use without specialized training,? said Anthony Deighton, vice president of marketing at QlikTech. “QlikTech is leading a revolution in the business intelligence market focused on applying cutting-edge technology to delivering analysis to all users quickly and cost effectively.?
The IDC competitive analysis report, “Worldwide Business Intelligence Tools 2005 Vendor Shares? examines the business intelligence market for the 2003-2005 period. Worldwide market sizing, vendor competitive analysis, and revenue and market shares of leading vendors are included in the report. For more information, or to purchase a copy of the report, visit www.idc.com.