PHILADELPHIA, PA & SAN FRANCISCO, CA — Qlik® has announced the recent completion of a significant minority investment led by a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The transaction, originally signed in November 2024, achieved all necessary regulatory approvals, with software investment giant Thoma Bravo retaining its majority ownership and making an additional equity investment. A consortium of institutional investors also participated.
Qlik specializes in helping organizations transform raw data into actionable insights through a unified platform integrating data, analytics, and governance. Its solutions enable enterprises to scale AI initiatives confidently amidst evolving market dynamics.
“Support from Thoma Bravo and a long-term investor like ADIA reinforces the strength of our strategy and the results we’re delivering,” said Qlik CEO Mike Capone. “In a market full of AI ambition, Qlik stands out for execution—helping enterprises move fast, act with trust, and turn data into confident decisions. This investment enables us to stay focused and scale that impact.”
Since taking Qlik private in 2016, Thoma Bravo has guided the company’s growth by focusing on mission-critical software solutions. Reflecting this confidence, Seth Boro, Managing Partner at Thoma Bravo, stated, “Qlik has consistently executed against one of the most important challenges facing modern enterprises: turning data and AI into real business outcomes.”
ADIA’s involvement further underscores Qlik’s global appeal as enterprises increase their focus on operational AI. Mike Hoffmann, Partner at Thoma Bravo, highlighted the market trajectory, noting that, “Enterprises around the world are moving from experimentation to execution with AI, and that shift is accelerating demand for trusted, scalable solutions. Qlik is uniquely positioned to meet this moment.”
Building on its strategic acquisitions, such as Upsolver, and advancements in agentic AI and conversational analytics, Qlik is poised to expand its platform further. By providing open, governed, and scalable infrastructures, Qlik continues to be a go-to partner for enterprises looking to harness AI for timely and trustworthy decision-making.
This latest investment positions Qlik to maintain its leadership at the intersection of data integration, governance, and analytics, driving meaningful impact across industries.
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