Estimated Value: $850 million
Business: QlikTech makes business intelligence software that gives companies quick access to different data with a dashboard-style interface.
Location: Radnor, PA
More Info: About Qliktech
CEO: Lars Bjork
Investors: Accel Partners, Jerusalem Venture Partners, Industrifonden, Sundet Investment
Analysis: Qliktech's flagship product is Qlikview, software that aggregates and displays company data for analysis. (Here's an example of Qlikview software used to analyze digg.com data.)
The business is global, reaching 83 countries. Users can download the software for a 15-day trial before buying the package. The Sweden-based software company says it has 7,500 customers and adds 13 new ones per day, which puts customer growth at about 63% this year.
We estimate that QlikTech will generate about $85 million in revenue this year. We apply a 10X multiple to estimate a valuation of $850 million.