Qlik Shareholders Approve Sale to Thoma Bravo

▤ Summary

RADNOR, Pa.--(BUSINESS WIRE)--Qlik (NASDAQ:QLIK) (the “Company”), a leader in visual analytics delivering intuitive solutions for self-service data visualization and guided analytics, today announced that, at a Special Meeting of Shareholders held on August 17, 2016, the holders of more than 77.50% of its shares voted to approve the adoption of the agreement pursuant to which leading private equity investment firm Thoma Bravo, LLC will acquire Qlik. Lars Björk, Chief Executive Officer of Qlik, stated, "We believe our partnership with Thoma Bravo represents a tremendous opportunity to further expand upon our platform-based approach to business intelligence (BI) and analytics and will also provide significant benefits to our customers and employees. Approximately 40,000 customers rely on Qlik solutions to gain meaning out of information from varied sources, exploring the hidden relationships within data that lead to insights that ignite good ideas. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. Among others, the following uncertainties and other factors could cause actual results to differ from those set forth in the forward-looking statements: (i) the risk that the merger may not be consummated in a timely manner, if at all; (ii) the risk that the definitive merger agreement may be terminated in circumstances that require the Company to pay a termination fee; (iii) risks related to the diversion of management’s attention from the Company’s ongoing business operations; (iv) risks regarding the failure of the relevant Thoma Bravo affiliate to obtain the necessary financing to complete the merger; and (v) the effect of the announcement of the merger on the Company’s business relationships (including, without limitation, customers and suppliers), operating results and business generally.

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Qlik

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