While Qlik Technologies (QLIK) posted Q2 earnings late Thursday that soundly beat analyst estimates, that might not be the only reason why its stock was up 12.5% in midday trading in the stock market today. Larger software firms might be looking to acquire the data analytics software company, which is launching products to compete with rivals Tableau Software (DATA), Tibco Software (TIBX) and others, says Daniel Ives, an analyst for FBR Capital
While Qlik Technologies (QLIK) posted Q2 earnings late Thursday that soundly beat analyst estimates, that might not be the only reason why its stock was up 12.5% in midday trading in the stock market today. Larger software firms might be looking to acquire the data analytics software company, which is launching products to compete with rivals Tableau Software (DATA), Tibco Software (TIBX) and others, says Daniel Ives, an analyst for FBR Capital
The market for data analytics software doesn’t begin and end with Oracle, SAP or even Tableau Software. So says Lars Bjork, chief executive of Qlik Technologies (QLIK). Founded in Sweden in 1993, Qlik, with its QlikView software platform, helps companies better manage data coming from multiple departments and devices. The company’s software is designed to help business users sift through and arrange their company data in easy-to-read charts and