QlikTech files for IPO

In a long anticipated move, in-memory business intelligence provider QlikTech of Radnor announced today it had filed a registration statement on Form S-1 for a proposed initial public offering of common stock. No info at this time concerning number of shares or pricing. Morgan Stanley, Citigroup Global Markets, and J.P. Morgan are acting as joint book-runners, and Jefferies & Company and Thomas Weisel Partners LLC will be co-managers.

QlikTech has grown rapidly and achieved revenue of $120 million in 2008; I have yet to see 2009 figures. This should be the biggest tech IPO in the Philly area in some time. I don't have enough information to makes guesses as to how much the company is worth except that it should be in the hundreds of million dollars. An IPO not only would help some people to "cash out" or get some liquidity for their interest in QlikTech, but it would also give the company a currency to make acquisitions to broaden its product portfolio.

See press release here.


Daily Links 4/1/2010: LoKast Creator Secures $1 Million In Venture Funding

LoKast Creator Secures $1 Million In Venture Funding (MediaPost: Online Media Daily)

Comcast demos live 3D TV
(CNET News)

Successes (and Some Growing Pains) at Hulu (New York Times: DealBook)

Haggar Clothing Co. Launches E-Commerce Business with GSI Commerce as Its Strategic Multiyear E-Commerce Partner
(Business Wire)

Verizon, IBM launch private cloud backup service (Computerworld)

Lawson puts its ERP on Amazon's cloud (IDG via Business Week)

Forrester Critiques SAP's Data Management Tools (IT Business Edge)

Moxy Vote looking forward to this year’s proxy season (Philadelphia Business Journal: Law & Finance Blog)

CPSI Announces the Acquisition of Devon Consulting (PR Newswire)

Berliner Communications Announces Financial Results for Six Months Ended December 31, 2009 (PR Newswire)

Clear Align of Eagleville uses brainpower to make gains in optics work (Keystone Edge)

WebLinc launches DeepDiscount.com (WebLinc Blog)


Pennsylvania Invites World to Explore Its Civil War Trails on Google Earth (PR Newswire)