Frost & Sullivan Recognises QlikView as Disruptive Technology that is the “Hallmark of Innovation”

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, 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 pre-defined 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.”

Ends.

About QlikView South Africa  

QlikView South Africa is the local representative and distributor for QlikTech, the business answers company.  Its flagship product QlikView, named South Africa ’s top business intelligence tool by ITWeb in 2008, enables organisations 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.  QlikView South Africa was named QlikTech’s Partner of the Year for 2008.  For more information, please visit www.qlikview.co.za.

 

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com

 

Editorial details

QlikView South Africa

Davide Hanan

Tel:       021 680 9506

Cell:      082 788 5791

Email:   davideh@qlikview.co.za  

Web:    www.qlikview.co.za

DUO Marketing + Communications

Maria Oosthuizen

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Cell:     084 506 7649

Email:   maria@duomarketing.co.za