Qlik, a leader in data integration, data quality, analytics, and AI, announced the closing of a previously disclosed significant minority investment led by a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). As part of the deal, Thoma Bravo, remains Qlik’s majority owner and has made a new equity investment alongside ADIA. And a group of institutional investors have also co-invested. Originally signed in November 2024, the transaction has now received all necessary regulatory approvals.
Qlik helps organizations from AI ambitions to execution by converting raw data into actionable insights. With a unified platform that integrates data, analytics, and governance, Qlik provides the foundation enterprises need to scale AI initiatives confidently. Across industries, customers depend on Qlik to stay agile in the face of market shifts, global disruptions, and unexpected challenges.
Building on the recent acquisition of Upsolver and its advancements in agentic AI solutions and conversational analytics, Qlik continues expanding its unified platform for trusted, scalable AI. And as enterprises invest in AI while seeking to lower costs and maintain trust across the AI value chain, Qlik is increasingly the partner of choice—enabling faster execution with open architectures, governed data, and real-time insights.
Advisors: Guggenheim Securities served as financial advisor and Kirkland & Ellis acted as legal advisor to Thoma Bravo and Qlik. And Evercore served as financial advisor and Gibson, Dunn & Crutcher served as legal advisor to ADIA.
KEY QUOTES:
“Support from Thoma Bravo and a long-term investor like ADIA reinforces the strength of our strategy and the results we’re delivering. 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.”
Mike Capone, CEO of Qlik
“Qlik has consistently executed against one of the most important challenges facing modern enterprises: turning data and AI into real business outcomes. Our continued majority ownership and additional investment reflect our conviction in Qlik’s platform, its performance, and its ability to scale meaningful impact for customers worldwide.”
Seth Boro, a Managing Partner at Thoma Bravo
“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—at the intersection of data integration, governance, and analytics—making it a clear fit with our long-term thesis around mission-critical enterprise software. We’re proud of the significant growth Qlik has achieved since we took the company private in 2016 and are excited to continue this momentum with Mike and ADIA.”
Mike Hoffmann, a Partner at Thoma Bravo
