Data analytics firm Qlik confidentially files for US IPO – Software

Info analytics system Qlik has confidentially filed paperwork with US regulators for an first community giving, marking the initially ways for its return to community markets around six many years after it was obtained by buyout agency Thoma Bravo.

Qlik agreed to be taken non-public by Thoma Bravo in 2016 by way of a practically US$three billion (A$four.2 billion) offer, after currently being pressured by activist hedge fund Elliott Administration.

The corporation presents analytics, info visualization and intelligence solutions by way of a cloud system to additional than fifty,000 company prospects, like PayPal Holdings, Airbus, BP  and England’s Nationwide Well being Provider.

Qlik’s transfer to go community comes at a time when demand from customers for cloud-primarily based analytics and intelligence company software package solutions has noticed a key uptick as world wide businesses transfer to a completely remote or hybrid working design thanks to the Covid-19 pandemic.

Providers confidentially file for an IPO with regulators in an effort and hard work to keep their financials hidden from competitors until finally the regulator testimonials the paperwork.