QlikTech Expands into Asia Pacific with Launch of QlikView Japan

Radnor, Penn (PRWEB) - QlikTech, the world's fastest-growing Business Intelligence (BI) company, today announced the formation of QlikView Japan, establishing its presence in the world's second-largest market for BI software. The news follows QlikTech's recent announcement of another year of impressive growth in 2008, with revenues increasing by 50% to $120 million and the addition of more than 3,800 new customers, to over 10,500 customers in 92 countries.

"The formation of QlikView Japan marks a major step in our ongoing geographic expansion, which is critical to maintaining a high rate of growth for the company," said QlikTech CEO Lars Björk. "We foresee an increased demand for our product in Japan as organizations across the country that need to get to business answers learn about the power of QlikView. Japan and the Asia Pacific region will be increasingly significant parts of QlikTech's continued success in the coming years. "

Go-to-Market Partnerships with Leading Japanese Resellers

QlikView Japan has formed partnerships with three of the country's leading software resellers: Ashisuto, CSK, and Hitachi INS. Along with these partners, QlikView will offer the Japanese version of the award-winning QlikView product, which is available and shipping today. Demonstrating immediate market traction, QlikView Japan has already acquired several new customers including NTT Communications.

Positioned to Meet Japanese Customer Requirements

QlikView is perfectly positioned for the Japanese market, where the economic downturn is driving the need for business analysis solutions that deliver fast time to value and flexibility to respond to changing business conditions. QlikView is a whole new class of business intelligence software that puts business users in control, lets them explore their data with unprecedented freedom, and get the answers they need to take immediate action. QlikView uses patented "associative analysis" to connect data from any source, and it exploits "in-memory" technology for rapid analysis and scalable deployment.

"Companies will find QlikView's ease of use and simplicity to be compelling benefits in a business intelligence solution," said, Masaaki Kakita, General Manager, QlikView Japan. "Japanese customers are seeking a tool that is dramatically faster to deploy and far more cost effective than traditional BI offerings."

About QlikTech

QlikTech is the Business Answers company. Its flagship product, QlikView, enables organizations of all sizes to unlock the value of their data to make better decisions that improve business results. Unlike traditional BI solutions, QlikView delivers immediate value with payback measured in days or weeks rather than months, years, or not at all. Through QlikView's disruptive, in-memory associative approach, business users have experienced unprecedented success and satisfaction. QlikTech is the only company in this market that offers a 30-day money-back guarantee. QlikTech grew by 50% in 2008 and has more than 10,500 customers in 92 countries and over 700 partners worldwide. For more information, please visit www.qlikview.com.

This press release contains unaudited financial information and forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions and uncertainties. Important factors that could cause actual results to differ materially from those reflected in any forward-looking statements include, among others, a lack of acceptance of QlikTech's products in the marketplace, a failure of the company to become or remain profitable, QlikTech's inability to obtain the capital necessary to fund its research and development activities, a loss of any of the company's key personnel or management and other factors. The financial and business information referenced above does not guarantee future results or performance. The information in this press release is provided only as of the date of this press release, and QlikTech undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

QlikTech and QlikView are trademarks or registered trademarks of QlikTech International AB. Other company names, product names and company logos mentioned herein are the trademarks, or registered trademarks of their respective owners.

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