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QlikTech Recognized as One of North America’s Fastest-growing Technology Companies by Deloitte
Radnor, PA (USA) – December 3, 2008 – QlikTech, the
world’s fastest-growing Business Intelligence (BI) software vendor,
today announced that it ranked number 235 on Deloitte’s 2008 Technology
Fast 500, a ranking of the 500 fastest-growing technology, media,
telecommunications and life sciences companies in North America.
Rankings are based on percentage of fiscal year revenue growth over
five years, from 2003–2007. In regards to QlikTech’s tremendous growth, CEO Lars Björk credits
the company’s strong partner ecosystem and market acceptance of its
value proposition of simplifying analysis for everyone. “QlikTech’s
partner alliances have played a large role in our growth and expansion,
said Björk. “With a business model of selling both directly and
through our partners, we are able to expand the reach of QlikView,
bringing even more customers fast, powerful and visual business
analysis without the limitations, cost or complexity of traditional BI
tools.” “Each company on Deloitte’s Technology Fast 500 is an innovator with
an exceptional five-year track record of growth,” said Phil Asmundson,
Deloitte LLP vice chairman and national managing partner for
Technology, Media and Telecommunications. “QlikTech has earned its
position among the fastest growing companies in North America, and we
are proud to honor this important accomplishment.” Overall, companies that ranked on the 2008 Technology Fast 500 had
growth rates ranging from 242 to 138,762 percent over five years, with
an average growth rate of 3,043 percent. QlikTech also ranked No. 9 on Deloitte’s 2008 Philadelphia
Technology Fast 50, which is a ranking of the 50 fastest-growing
technology firms in Philadelphia. In addition to celebrating its
10,000th customer on November 21, QlikTech has recently enjoyed
widespread recognition of impressive growth, including Audemars
Piguet’s European High-Tech Entrepreneur of the Year award and rankings
from Software Magazine, Inc., Manufacturing Business Technology and the
Philadelphia 100.
Fast 500 Selection and Qualifying Criteria Entrants must own proprietary intellectual property or proprietary
technology that contributes to a significant portion of the company's
operating revenues or devote a significant proportion of revenues to
research and development of technology. Using other companies'
technology or intellectual property in a unique way does not qualify.
Base-year operating revenues must be at least $50,000 USD or $75,000
CD, and current-year operating revenues must be at least $5 million USD
or CD. Companies must be in business a minimum of five years, and they
must be headquartered within North America.
About QlikTechAttributes exponential growth to strong partner strategy and customers achieving better, faster business decisions with QlikView
The
Fast 500 ranks the fastest growing technology, media,
telecommunications and life sciences companies in North America. It is
compiled from Deloitte’s regional North American Fast 50 programs,
nominations submitted directly to the Fast 500, and public company
database research. Companies are selected based on percentage revenue
growth from 2003 to 2007.
About Deloitte
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
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 over 10,000 customers in 90 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 or subscribe to the QlikView XML RSS Feed.
