Qlik, a leading global provider of data integration, data quality, analytics, and AI solutions, has announced the closing of a significant minority investment led by a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). This transaction, originally signed in November 2024, has now secured all necessary regulatory approvals. Thoma Bravo, a prominent software investment firm and existing majority owner of Qlik, has also made an additional equity investment alongside ADIA. A group of institutional investors have joined the deal, further solidifying Qlik's financial backing. Mike Capone, CEO of Qlik, emphasized the importance of the investment, stating that it underscores the effective execution of Qlik's strategy and the tangible results the company has delivered. In a market where many players boast ambitious AI plans, Qlik differentiates itself by helping enterprises transition from AI aspirations to concrete, trustworthy decisions. The company’s unified platform integrates data, analytics, and governance, providing a robust foundation for scaling AI initiatives confidently. Seth Boro, a Managing Partner at Thoma Bravo, highlighted Qlik’s consistent performance in addressing one of the most pressing challenges of modern enterprises: translating data and AI into practical business outcomes. Thoma Bravo’s renewed majority ownership and additional investment reflect their strong belief in Qlik’s platform and its potential for large-scale impact. Mike Hoffmann, another Partner at Thoma Bravo, added that the growing demand for trusted, scalable AI solutions is fueling Qlik’s expansion. The firm sees Qlik as a pivotal player at the nexus of data integration, governance, and analytics, aligning well with their long-term investment thesis in mission-critical enterprise software. Since Thoma Bravo took Qlik private in 2016, the company has seen significant growth, particularly with recent acquisitions and technological advancements. Notably, Qlik's acquisition of Upsolver in 2023 has bolstered its capabilities in cloud-native data integration and processing. The company has also made strides in agentic AI solutions and conversational analytics, enhancing its platform to support more comprehensive and intuitive data analysis. These developments have positioned Qlik as a preferred partner for businesses looking to leverage AI while managing costs and ensuring data integrity. The investment comes at a crucial time as organizations across various industries seek to harness AI for competitive advantage. Qlik’s integrated approach to data management and analytics enables enterprises to act swiftly and make informed decisions, even in volatile markets and during unforeseen disruptions. By combining open architectures, governed data, and timely insights, Qlik helps customers navigate complex data environments and achieve their AI goals efficiently. Financial advisors for the transaction included Guggenheim Securities LLC and Kirkland & Ellis LLP, who represented Thoma Bravo and Qlik. Evercore and Gibson, Dunn & Crutcher LLP provided advisory services to ADIA. This strategic alignment and financial support are expected to drive Qlik’s continued innovation and market leadership. Thoma Bravo, with over US$179 billion in assets under management as of December 31, 2024, is a leading investor in software and technology companies. Known for their deep sector expertise and operational acumen, Thoma Bravo has invested in and acquired over 520 companies, generating approximately US$275 billion in enterprise value. Their focus on long-term value creation has made them a formidable force in the technology investment landscape. The Abu Dhabi Investment Authority (ADIA), established in 1976, is a globally diversified investment institution representing the Government of Abu Dhabi. ADIA’s strategy centers on prudent, long-term investments aimed at creating sustainable value. Their involvement with Qlik is part of this broader strategy, leveraging the company’s strengths to foster innovation and stability in the technology sector. Qlik serves over 40,000 global customers, offering advanced, enterprise-grade AI/ML, data integration, and analytics solutions. The company’s platform is renowned for its ability to convert complex data landscapes into actionable insights, driving strategic business outcomes. Qlik’s commitment to data governance and integration ensures that their solutions can seamlessly work with diverse data sources, making it a versatile and reliable partner for businesses aiming to enhance their data-driven decision-making processes. Industry insiders commend Qlik for its disciplined approach to integrating data and AI technologies. They view the company’s latest investment as a validation of its strong market position and the value of its unified platform. This financial boost is seen as critical in maintaining and accelerating Qlik’s trajectory towards becoming a dominant player in the enterprise AI and data management space.