For QlikTech, Inc., the world's fastest growing business intelligence software company, 2005 was a banner year in which the company achieved record sales and revenues. Central to QlikTech's success is the continued demand for its innovative business analysis solution, which offers a new level of speed and clarity into a customer's business data, enabling employees to improve decision making effectiveness with unprecedented ease and speed.
"2005 was a pivotal year for QlikTech; we have achieved a great deal in a relatively short period of time. We've realised 80% growth year over year and added some of the most respected industry leaders to our customer roster, including National Frozen Foods, FFF Enterprises, and American Kennel Club," said Mans Hultman, CEO of QlikTech. "By providing a faster and simpler solution to conduct analysis, we are helping to transform the way companies use information to make business decisions."
QlikTech is realising tremendous traction for two reasons. One, organisations are frustrated with traditional business intelligence software providers' long deployments, expensive solutions, and difficult-to-use software. Companies cannot afford to wait for long deployment times or hire specialised users, rather these organisations are seeking faster and simpler alternatives.
Secondly, in today's global "always-on" business environment, companies realise the immense impact that rapid analysis can bring to their business when they put the right tools in the hands of their employees. QlikTech's growth in 2005 is a direct result of the company's ability to deliver products that help individuals access the data needed to make informed decisions quickly.
QlikTech's significant milestones for the year include:
- An 80% increase in revenue and the addition of more than 1,300 customers, including companies such as Novo Nordisk, BAT South Africa (Pty) Ltd, Unilever, Target Express, Hafele GmbH & Co KG, Intel Corp UK Ltd, American Express, Cadbury Schweppes PLC, and Sodexho.
- Continued organic growth, with a 146% increase in staff, and expansion into new regions, including a subsidiary in the
- The launch of three major product releases, including two versions of QlikView, the company's fast and flexible business analysis solution, the second of which now allows for in-memory billion record analysis; and Publisher 3.3, a key component for managing enterprise deployments of QlikView.
- Formal partnerships with technology giants Intel and Hewlett Packard. QlikTech contributed to Intel's Paxville launch and participated in the company's Itanium seminar series. QlikTech and HP conducted a joint benchmarking at HP's testing facilities in
- Added more than 50 new partners across the globe including such names as:
- Signed 23 new global OEM partners across North America and
QlikTech is leading a new class of easy-to-use, fast and flexible business analysis solutions that empower individuals to improve corporate performance and drive innovation. QlikTech's flagship product, QlikView 7.2, extends the company's vision of simplifying business analysis, offering solutions that can be deployed in days, where users can be trained in minutes, and where end users have the freedom to be more creative in their analyses.
