Qlik Acquires Big Squid To Expand Its Industry Leading Augmented Analytics Capabilities With No-Code Automated Machine Learning

Sep 30, 2021•almost 4 years ago

Acquiring Company

Qlik

Acquired Company

Squid

ZugData And AnalyticsSoftware

Description

Qlik® today announced the acquisition of Big Squid, a leading provider of no-code automated machine learning (AutoML), to expand data and analytics teams’ ability to leverage advanced augmented analytics capabilities such as key driver analysis, predictive analytics and what if scenario planning with API deployable AI models for on-demand predictions directly within Qlik. Combining Big Squid with Qlik’s existing augmented analytics capabilities – which already include direct API integrations with 3rd party engines and the integrated intelligent AI assistant Insight Advisor – expands the industry’s most robust augmented analytics capabilities suite for cloud analytics. Acquiring Big Squid also further advances Qlik’s vision of Active Intelligence, where technology and processes trigger immediate action from real-time, up-to-date and trusted data to accelerate business value across the entire data and analytics supply chain.

Company Information

Company

Qlik

About

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private SaaS company, Qlik provides an end-to-end, real-time data integration and analytics cloud platform to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik does business in more than 100 countries and serves over 50,000 customers around the world. © 2021 QlikTech International AB. All rights reserved. All company and/or product names may be trade names, trademarks and/or registered trademarks of the respective owners with which they are associated. The information provided herein is subject to change without notice. In addition, the development, release and timing of any product or functionality described herein remain at the sole discretion of Qlik and should not be relied upon in making a purchasing decision, nor as a representation, warranty or commitment to deliver specific products or functionality in the future. Media Contact: Derek Lyonsderek.lyons@qlik.com617-658-5310

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed