QlikTech, a world-leading provider of in-memory reporting and analysis solutions, used a recent competitive analysis report from IDC, "Worldwide Business Intelligence Tools 2005 Vendor Shares," as a backdrop to present its vision for the next generation of business intelligence solutions. During the first half of 2006, QlikTech has exceeded growth expectations, expanding at a rate of more than 70 percent and adding an average of 10 new customers daily. Central to QlikTech's success is the continued demand for its flagship product QlikView, an innovative business analysis solution that enables customers to improve decision-making effectiveness with unprecedented ease and speed.
In today's global "always-on" business environment, companies realize the immense impact that rapid analysis can bring to their business when they put the right tools in the hands of their employees. QlikTech's continued growth in the first two quarters of 2006 is a direct result of the company's ability to deliver products that help individuals quickly access and analyze large sets of data.
QlikTech supports an information architecture where business data is broadly, affordably and quickly available to those who need it. QlikView uses next-generation patented in-memory association technology to make sophisticated analysis dramatically easier to deploy, use and maintain, with faster refreshes and easier access to more detailed data. The solution's click driven, visually interactive interface is simple for end users to learn and use.
In the IDC competitive analysis report, "Worldwide Business Intelligence Tools 2005 Vendor Shares," analyst Dan Vesset writes "IDC continues to see healthy demand for business intelligence tools as they remain an attractive market for software vendors and one of the top investment priorities for end-user organizations. This is exemplified by a 11.5 percent growth rate in 2005 which yielded a total market size of $5.7 billion in worldwide software revenue. Solutions such as QlikView from QlikTech, take a very different approach to data management from other major BI vendors by providing what amounts to "infinite" dimensional ad hoc query and analysis to end users - something that traditional OLAP vendors cannot provide with their existing products."
QlikTech is leading a new class of easy to use, fast and flexible business analysis solutions that connects people with mission critical information instantly through a simple, easy-to-understand and visually rich interface. QlikTech's flagship product, QlikView 7.5, extends the company's vision of simplifying business analysis, offering solutions that can be deployed in days, where users can be trained in minutes, and where end users have the freedom to be more creative in their analyses.
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