QlikTech Recognized as One of North America’s Fastest-growing Technology Companies by Deloitte
Radnor, PA (PRWEB) 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
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.
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.
As used in this document, “Deloitte” means Deloitte LLP. Please see http://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 10,140 customers in 92 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 http://www.qlikview.com or subscribe to the QlikView XML RSS Feed.
QlikTech and QlikView are trademarks or registered trademarks of QlikTech International AB. Other company names, product names and company logos mentioned herein are the trademarks, or registered trademarks of their respective owners.
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