Radnor, Penn – February 28, 2007 – QlikTech, the world’s leading provider of in-memory analysis and reporting solutions, today announced its placement in the Visionaries quadrant in Gartner, Inc.’s Magic Quadrant for Business Intelligence Platforms, 1Q07.1
QlikTech is leading a new class of easy-to-use, fast and flexible business analysis solutions that empower individuals to improve organizational performance and drive innovation. QlikTech’s flagship product, QlikView, 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.
"Our mission is to simplify analysis for everyone," said Anthony Deighton, Vice President of Marketing at QlikTech. "We want to make it easy for organizations to improve their performance through sophisticated yet simple-to-use reporting solutions, and easy for people to do business with us through flexible licensing models. We believe that the latest Gartner Magic Quadrant is wonderful validation of our success in executing against this vision."
Gartner’s October 2, 2006 report, "BI Applications Benefit from In-Memory Technology Improvements" explained, "Organizations will incorporate in-memory technology into their business intelligence (BI) applications to optimize performance and flexibility. In particular, in-memory technology will be applied to BI applications that require analyzing large amounts of detailed data, such as Web analytics, point of sale and radio frequency identification. As more BI and database vendors embrace this approach, organizations will find it easier to convert BI applications based on traditional disk aggregation techniques." 2 The report also stated, "By 2012, 70% of Global 1000 organizations will load detailed data into memory as the primary method to optimize BI application performance."
"QlikView was built with a simple architectural premise – all data should be held in memory, and all calculations should be performed when requested and not prior," said Jonas Nachmanson, Vice President Research and Development at QlikTech. "It’s from this foundation that we derive many of QlikView’s benefits such as an easy to use interface, the flexibility to quickly revise analysis, and the power to handle billions of records of data."
QlikTech is participating at Gartner’s BI Summit conference in Chicago from March 12-14, at which Colonial Supplemental Insurance, a QlikTech customer, will present a case study on how the company has benefited through enterprise-wide deployment of QlikView.
QlikTech, the world’s leading provider of business intelligence software, offers sophisticated in-memory analysis and reporting solutions for enterprise and individual customers. QlikTech supports an open information architecture, where business information is broadly, affordably and quickly available to those who need it. QlikTech’s flagship product, QlikView, uses next-generation patented in-memory association technology to make sophisticated analysis dramatically easier to deploy, use and maintain. QlikView’s click driven, visually interactive interface is simple for end users to learn and use.
QlikTech is the world’s fastest growing business intelligence software company with over 5,500 customers in 68 countries, and adds more than 10 new customers each day. In addition to thousands of small and midsized companies, QlikTech’s customers include large corporations such as Tetra Pak, Deutsche Telekom, Reuters, 3M, Colonial Supplemental Insurance, and BMW. QlikTech is privately held and venture backed by Accel Partners, Jerusalem Venture Partners, and Industrifonden. Founded in Sweden, QlikTech is headquartered in Radnor Pennsylvania, has subsidiaries in the United Kingdom, Germany, Netherlands, and Scandinavia, and over 500 partners across the world. For more information on QlikView, please call 1-888-828-9768 or visit www.qliktech.com.
The Gartner Magic Quadrant is copyrighted January, 2007 by Gartner, Inc., and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
1. Gartner, Inc., "Magic Quadrant for Business Intelligence Platforms, 1Q07", by K. Schlegel, B. Hostmann, and A. Bitterer, January 26, 2007.
2. Gartner, Inc., "BI Applications Benefit From In-Memory Technology Improvements", by K. Schlegel et al, October 2, 2006.