QlikTech Establishes Office in India

World’s Fastest Growing Business Intelligence Vendor to Expand Customer and Partner Base - Appoints Regional Head

Bangalore, IN - 24 July 2008

QlikTech, named the world’s fastest growing Business Intelligence (BI) software company by IDC (International Data Corporation), opens an office in Bangalore, India and appoints Raghunathan Rangarajan as its Regional Manager for India and South Asia.

QlikView, QlikTech’s award-winning business analysis solution, has gained significant customer adoption in India to date, with close to 100 customers – among them are Reliance Life, Reliance Capital, Fullerton India Credit, LG Electronics Ltd., Dainik Jagran, Mid-Day, TATA-AIG General, Parley, Seagrams - and partners, namely Team Computers, Sonata Software, IRT, Computer Solutions & Blue-chip Solutions

QlikView is perfectly positioned for the India market as a solution that can be deployed quickly and cost - effectively; giving people the fast and accurate answers they need to manage effectively. “Together with our partners in India, we’ve already built a strong customer base,” said Peter McQuade, VP International Markets for QlikTech. “With the appointment of Raghunathan, we will be able to forge ahead with our new business development efforts – a key milestone in the overall strategy of QlikTech’s market development in Asia and beyond.” Raghunathan will be entrusted with the responsibility to develop new relationships with customers and partners and to provide comprehensive support in the region.

QlikView delivers powerful and intuitive business analysis dashboards and reports based on patented association technology. QlikView “works the way your mind works,” connecting related data from many sources. Information can be explored intuitively and visually, with drill down detail in a few clicks.

India is one the fastest growing markets of Business Intelligence software, growing at a CAGR of 35.9% through 2011, according IDC’s “India BI Software Market Report,” June 2007. “India’s economy is strong and continues to grow at a phenomenal rate. Our presence opens many opportunities to support our growth in many areas,” said McQuade.

Leading analysts worldwide have recognised QlikView for its ease-of-use, functionality, technical vision and customer satisfaction. QlikView customer and partner organizations have won numerous awards from the press, analysts and peer communities for innovation and ROI. Global customers include Reuters, 3M, Colonial Supplemental Insurance, and BMW.

QlikTech has been granted a license from the RBI to operate a liaison office in Bangalore, India.

About QlikTech

QlikTech’s flagship product, QlikView, simplifies analysis for everyone. QlikView works the way your mind works – making associations by connecting data from many sources in a few clicks. This patented in-memory association technology brings fast results and better decision making to a wide range of customers and industries. QlikView is intuitive to learn, simple to modify and can be deployed in less than a week.

Named the world’s fastest-growing Business Intelligence software vendor by IDC, QlikTech has approximately 9,050 customers in 86 countries and more than 500 partners worldwide. QlikTech was founded in Lund, Sweden and is headquartered in Radnor, PA (USA) with direct operations throughout Europe and the Americas. QlikTech offers a fully functional, free trial of QlikView and a 30-day money-back guarantee. For more information, please visit www.qlikview.com