Qlik Tech Buys NComVA
May 6th 2013 5:56PM
Updated May 6th 2013 7:00PM
Radnor, Pa.-based Qlik Technologies has purchased Sweden's NComVA AB, Qlik announced Monday.
NComVA tech permits the display of business intelligence data "through table lens, radar plot, scatter matrix, parallel coordinate, tree map, and fish eye bars," and also "allows users to see how changes in data relate to each other and the passing of time."
A Qlik partner company since 2011, NComVA specializes in "advanced visualization technology," which Qlik says will help in "delivering a deeper understanding of data" by making relationships easier to see, "especially when multiple data sources are analyzed together."
Qlik did not disclose financial specifics of the acquisition, revealing neither the price it's paying, nor the revenue streams or profits numbers of the company it's getting. Nonetheless, investors applauded the deal, bidding up Qlik shares by 2.2% to close at $26.81 in Monday trading.
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