Qlik, which is backed by Thoma Bravo, has acquired the assets and IP of Knarr Analytics, an Atlanta-based real-time collaboration solutions company. No financial terms were disclosed.
PHILADELPHIA, Aug. 25, 2020 (GLOBE NEWSWIRE) — Qlik® today announced the acquisition of the assets and IP of Knarr Analytics, an innovative start-up that provides real-time collaboration, sophisticated data exploration and insight capture capabilities, to complement Qlik’s cloud data and analytics platform. Acquiring Knarr Analytics advances Qlik’s vision of Active Intelligence, where technology and processes trigger immediate action from real-time, up-to-date data to accelerate business value across the entire data and analytics supply chain.
“Every process and decision can be informed and enhanced by real-time data to trigger action and augment decision making when it matters most – what we call Active Intelligence,” said James Fisher, Chief Product Officer at Qlik. “Acquiring Knarr Analytics will help us further advance customers’ Active Intelligence, enabling tighter collaboration between data stewards and business users that will increase data use and value throughout the organization.”
The need for real-time data-driven decision making, which requires merging and using new data sources on-demand, has exposed a gap in data and analytics supply chains. This gap requires a new way of thinking that centers on collaboration between all data and analytics personas, from data integrators and data stewards, to BI developers and analytics consumers.
Knarr can help create a unique data and insight fabric by engaging more users throughout the analytical process, surfacing greater business context for both underlying data and resulting insights. This level of collaboration and sharing is essential to the creation of continuous intelligence at the core of Active Intelligence that drives action and value from data.
Knarr IP will enhance the Qlik Sense® analytics cloud platform Insight Advisor experience, as well as the data exploration experience in the catalog. Qlik’s customers will realize increased value and benefits through:
Sophisticated visual exploration of underlying data models before building analytics
A glossary in the catalog for added business context, helping data consumers understand what specific data will best help answer their questions
Real-time, multi-player collaboration to generate insights interactively with a team, helping organizations remove barriers between data and analytics users
Ability to capture and share these insights with notes and snapshots, while automatically capturing the exploration state and context, enriching understanding and driving action
Increased effectiveness through machine learning of Qlik’s unique approach to Augmented Intelligence, helping drive more complex analysis and better outcomes for users of all levels
Terms of the deal are not being disclosed. Knarr Analytics co-founder and CTO Speros Kokenes, a Qlik Luminary, will be joining Qlik as a member of the Applied Research and Emerging Technology Team. As of today, Knarr Analytics products will no longer be for sale, and Qlik will support existing prospects and partners while bringing Knarr IP into Qlik’s cloud platform throughout 2021.
Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. Qlik provides an end-to-end, real-time data integration and analytics cloud platform to close the gaps between data, insights and action. By transforming data into active intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik does business in more than 100 countries and serves over 50,000 customers around the world.