QlikTech’s CEO, Lars Björk, credits tremendous market acceptance all over the world, in terms of growing customer deployments, alliance relationships and analyst accolades
Radnor, PA
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8 January 2008
QlikTech, named by IDC as the world’s fastest growing Business Intelligence (BI) vendor, today announced that it ranked Number 136 on Deloitte’s 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002–2006. During this period, QlikTech’s grew 1,193 percent.
QlikTech’s CEO, Lars Björk, credits tremendous market acceptance all over the world, in terms of growing customer deployments, alliance relationships and analyst accolades. “QlikTech’s growth is based on our customers’ rapid success with QlikView – which provides fast, powerful and visual business analysis without the limitations, cost or complexity of traditional BI tools,” said Björk. Overall, companies that ranked on the 2007 Technology Fast 500 had growth rates ranging from 253 to 79,060 percent over five years, with an average growth rate of 1,823 percent.
“To rank on Deloitte’s Technology Fast 500, companies must achieve phenomenal revenue growth over five years,” said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. “We applaud QlikTech for being among the fastest growing companies in North America.”
In addition to ranking on Deloitte’s Technology Fast 500, QlikTech ranked 7th on the Greater Philadelphia Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the region.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About QlikTech
QlikTech is the world’s fastest growing business intelligence software company, offering sophisticated and visual analysis and reporting solutions that are fast to develop and easy to maintain. Its award-winning flagship product, QlikView 8, uses patented, next-generation in-memory association technology. Built to take advantage of open architectures and 64-bit platform technology, QlikView can analyze more than a billion records in seconds while allowing affordable deployment to organizations of any size. QlikView’s click-driven, visually interactive interface is simple for people to learn and use, so that better information is available to everyone.
QlikTech has 7,000 customers in 82 countries – from thousands of small and midsized companies to large corporations such as Tetra Pak, Deutsche Telekom, Reuters, 3M, Colonial Supplemental Insurance, and BMW – and adds 12.6 new customers each working day. QlikTech is privately held and venture backed by Accel Partners, Jerusalem Venture Partners, and Industrifonden. Founded in Sweden, QlikTech is headquartered in Radnor, Pennsylvania (USA), has subsidiaries in France, United Kingdom, Germany, Netherlands, and Scandinavia, and more than 500 partners around the world. For more information on QlikView, please call 1-888-828-9768 or visit www.qlikview.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting, and financial advisory services—and serves more than 80 percent of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names.