Chicago firm to pay $3B for Qlik of Radnor
Price down 30% from last year's high
Thoma Bravo LLC, Chicago, has agreed to pay $3 billion, or $30.50 a share, for Qlik, a business-analytics and display provider with offices in Radnor, software engineers in Sweden, 2,500 employees, and 39,000 users worldwide. Qlik employs around 250 in Radnor, said spokeswoman Maria Scurry. The company won't comment on whether the new owner is more likely to cut jobs, or add more.
Qlik was pressured into a sale after New York investor Paul Singer's Elliott Management bought 7 percent of the company last winter and began agitating to sell the company, as I wrote here in March.