Business Intelligence Software IPO

Good to see there is some action in the market

image Qlik Technologies Inc., the provider of the QlikView business intelligence software, has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering intended to raise as much as $100 million.

The company plans to use $6.9 million of the proceeds to repay a loan and the remainder for general corporate purposes, including expanding sales and marketing efforts, technology infrastructure and product development, and possible acquisitions. The company is waiting for the SEC’s approval to initiate the IPO.

More at source

Source: http://www.managingautomation.com/maonline/news/read/BI_Software_Provider_QlikTech_Files_for_IPO_255696

Company Web Site: http://www.qlikview.com/

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