Qlik, a leading visual analytics firm, has entered into a definitive agreement to be acquired by leading private equity investment firm Thoma Bravo, LLC. The deal was announced this week and involves an all-cash transaction valued at approximately $3 billion. The agreement was unanimously approved by Qlik’s board of directors.

Radnor, PA-based Qlik provides products for self-service data visualization and guided analytics. Qlik will maintain its corporate headquarters in Radnor, and be led by its existing executive team, the firm announced. The proposed transaction is expected to close in the third quarter of 2016, subject to approval by Qlik’s shareholders and regulatory authorities and the satisfaction of customary closing conditions.

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