QlikTech honoured with 2009 Global Emerging Company of the Year Award

QlikTech, the world's fastest growing business intelligence (BI) company, has announced that it has won the 2009 Global Frost & Sullivan Award for Emerging Company of the Year, citing its ability to help customers attain superior return on investment (ROI) through its innovative QlikView solution. The firm noted that QlikView's ability to deploy enterprise-wide business analytics at an affordable cost is truly praiseworthy in these times.

Each year, Frost & Sullivan presents this award to the company that has emerged as a significant participant within its industry. The award recognises outstanding management, superior market growth, exceptional customer service and the ability to combine technology and successful strategic initiatives.

It lauds the recipient's exceptional know-how to take advantage of market changes through the execution of innovative strategies within the existing competitive landscape. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

“We've been 'jumping curves' for a while at QlikTech and it seems that in this economic climate we are gaining even more recognition based on our unique time to value proposition,” said Lars Bjork, CEO of QlikTech. “As a global consultancy specialising in identifying growth opportunities, models and strategies across industries, it's especially rewarding to have been chosen by Frost & Sullivan for this honour.”

Traditional BI vendors are finding it difficult to deliver solutions that enable customers to experience quicker ROI. However, QlikTech has clearly differentiated itself from traditional online analytical processing (OLAP) tools by developing an innovative associative technology, which enables dynamic queries and analysis of extensive data sets, to avoid the need for predefined data structures.

“QlikTech has overcome the innate challenge of traditional BI solutions by mitigating the trade-off between solution robustness and its flexibility,” says Frost & Sullivan Research Analyst Muthuraman Ramasamy. “The solution allows flexible in-memory, associative analysis of a multitude of data sets on a cost-effective platform, unlike space-consuming traditional BI solutions.

“QlikView, with its easy enterprise-wide scalability, and open interface, remains a hallmark of innovation,” continues Ramasamy. “The simple, scalable and cost-efficient user-licensing model could enable QlikView to be the BI solution-of-choice. The organisation's innovative think-tank and best-in-class work practices have contributed to a significant growth rate and established an expanding customer base.”