Qlik has finalized a significant minority investment led by a subsidiary of the Abu Dhabi Investment Authority (ADIA). Thoma Bravo, a prominent software investment firm, continues as Qlik’s majority owner and has also made a new equity investment alongside ADIA. This transaction, initially signed in November 2024, has now received all necessary regulatory approvals.

Qlik specializes in transforming raw data into actionable insights, helping organizations execute their AI strategies effectively. Its unified platform integrates data, analytics, and governance, providing enterprises with the tools needed to scale AI initiatives confidently. Customers across various industries rely on Qlik to remain agile amid market changes and disruptions.

CEO Mike Capone emphasized that the backing from Thoma Bravo and ADIA strengthens Qlik’s strategic position and operational results. He noted that in a landscape filled with AI aspirations, Qlik distinguishes itself through execution, enabling businesses to make informed decisions quickly. This investment will help Qlik maintain its focus and expand its impact.

Seth Boro, Managing Partner at Thoma Bravo, highlighted Qlik's success in addressing the critical challenge of converting data and AI into tangible business outcomes. The firm’s ongoing majority ownership and additional investment reflect their confidence in Qlik’s platform and its ability to deliver significant value to customers globally.

Mike Hoffmann, another Partner at Thoma Bravo, pointed out that enterprises are transitioning from AI experimentation to execution, driving demand for reliable and scalable solutions. He believes Qlik is well-positioned to capitalize on this trend, given its expertise in data integration, governance, and analytics. Hoffmann expressed pride in Qlik's growth since it was taken private in 2016 and looks forward to continuing this momentum with ADIA.

Qlik is also expanding its unified platform through recent acquisitions, including Upsolver, and advancements in agentic AI solutions and conversational analytics. As businesses invest in AI while aiming to reduce costs and maintain trust, Qlik is becoming the preferred partner for enabling swift execution with open architectures and governed data.

Guggenheim Securities LLC acted as financial advisor, while Kirkland & Ellis LLP served as legal advisor to Thoma Bravo and Qlik. Evercore provided financial advisory services, and Gibson, Dunn & Crutcher LLP acted as legal advisor to ADIA.