Qlik has announced its intention to acquire Talend, potentially bringing together two Thoma Bravo-backed industry leaders with a shared focus on adding value to data to deliver business outcomes for customers.
“Bringing together Qlik and Talend would be a game-changer,” said Mike Capone, Qlik CEO. “Both companies have differentiated their offerings to help customers drive more business value from data. Together, we would continue to embody the culture, expertise, and partnership that customers value, and operate at the scale needed to lead and innovate in an ever-evolving technology landscape.”
Qlik and Talend provide comprehensive and complementary capabilities with industry-leading solutions across real-time data and application integration, data governance, data quality, transformation, analytics, artificial intelligence, and machine learning, according to the vendors.
“We are excited about this proposal to have two of our leading portfolio companies join forces to accelerate the vision of making a difference in the world through data,” said Seth Boro, a managing partner at Thoma Bravo. “The proposed combination of these two growing and profitable businesses, under the leadership of Mike Capone, would have significant global scale and an unparalleled product portfolio.”
The proposed transaction is subject to works council consultation. It would be expected to close during the first half of 2023 following customary regulatory approvals. Terms of the proposed transaction were not disclosed.
To learn more about Qlik and Talend’s vision to unleash the next wave of innovation in enterprise data and analytics, register for the QlikWorld 2023 conference taking place April 17-20, 2023 in Las Vegas, NV.
For more information about this news, visit www.qlik.com or www.talend.com.