Proposal aims to provide a unique portfolio of Cloud solutions to help customers meet their most pressing data integration, transformation and governance needs
THE Qlik® is announcing worldwide this week its intention to acquire Talend. The proposal aims to bring together the two companies, global leaders in the integration and management of data in the cloud and which are supported by the investment company Thoma Bravo, to create an integrated offer that adds value to data and delivers business results to customers. business customers.
Qlik and Talend provide comprehensive and complementary capabilities with industry-leading solutions in real-time data and application integration, data governance, data quality, transformation, analytics, Artificial Intelligence (AI) and Machine Learning (Machine Learning). Gartner has positioned Talend as a Leader in its 2022 Magic Quadrant for 'Data Integration Tools and Data Quality Solutions'. Qlik has been named a Leader in the Magic Quadrant for 'Engineering Platforms' Analytics and Business Intelligence' for 12 consecutive years. In addition, the company was also named a leader in the IDC MarketScape: US Business Intelligence and Analytics Platforms 2022 Vendor Assessment.
“We are excited to have two leading companies from our portfolio come together to accelerate the vision of making a difference in the world through data,” says Seth Boro, Partner at Thoma Bravo. “The proposed combination of these two growing and profitable businesses, under Mike Capone's leadership, would have significant global scale and an unrivaled product portfolio,” he says.
“Bringing together Qlik and Talend would be an industry game changer,” said Mike Capone, CEO of Qlik. “Both companies have differentiated their offerings to help customers generate more business value from data. Together, they would continue to embody the culture, experience and partnership that customers value and operate at the scale needed to lead and innovate in an ever-evolving technology landscape.”
“The strategic use of data and intelligence is a critical lever in running a digital business, but building a data-driven culture is difficult. Combining two industry leaders such as Qlik and Talend would provide customers with a broader portfolio, making data environments and data professionals more productive. This would help companies overcome organizational data challenges and promote the strategic use of data. We believe that Qlik and Talend would add more value to increasingly complex customer environments,” said Stewart Bond, Vice President of Data Intelligence and Data Integration Software at IDC.
The proposed transaction is subject to consultation with governing bodies and US business regulatory boards. The deal is expected to close during the first half of 2023, after the usual regulatory approval process. Terms of the proposed transaction were not disclosed.
To learn more about Qlik and Talend's vision to unleash the next wave of innovation in enterprise data and analytics, register for the conference QlikWorld 2023, which will take place from April 17 to 20, 2023 in Las Vegas (USA).
