Qlik®, a global leader in data integration, analytics, and artificial intelligence, has announced the acquisition of key intellectual property (patents and technology) from Kyndi, an innovator in natural language processing, search, and generative artificial intelligence. This acquisition marks a significant advancement in Qlik’s vision to deliver precise and context-rich answers to complex business questions, combining its expertise in structured data with Kyndi’s pioneering technologies for unstructured data.
The CEO of Kyndi and prominent AI experts will be integrated into Qlik’s team as part of this acquisition. The addition of Kyndi’s expertise and patented technology will enable Qlik to unlock valuable insights from customers’ growing repositories of unstructured data, seamlessly integrating these findings with structured data analytics. This acquisition reinforces Qlik’s leadership in AI and highlights its commitment to providing comprehensive enterprise-level solutions that address the critical need for in-depth analysis across all forms of data.
James Fisher, Chief Strategy Officer at Qlik, explained, “The acquisition of Kyndi’s assets represents a key step in Qlik’s AI vision, enhancing our ability to deliver rich and reliable answers to complex business questions. It reinforces our already established leadership in AI, as Kyndi’s unstructured data processing technology, combined with our structured analytics, will unlock richer and actionable insights for our customers.”
Meanwhile, Ryan Welsh, Founder and CEO of Kyndi, added, “I am excited to join the Qlik team. Qlik is perfectly positioned to deliver on the promise of generative AI. We have a unique opportunity to enhance how AI-driven insights create value for customers. Integrating our innovations into Qlik’s technology will enable the merging of structured and unstructured data, providing users with more accurate business insights and informed decisions.”
Nathan Hoover, UPS’ Innovations Supervisor, commented, “The evolution of Qlik’s AI portfolio demonstrates the remarkable potential for ongoing collaboration. Qlik’s dedication to driving innovation in AI aligns with UPS’ commitment to using cutting-edge technology for business transformation. The future looks promising.”
Mike Leone, Senior Analyst at Enterprise Strategy Group, commented, “The acquisition of Kyndi’s assets by Qlik is a significant move that reinforces their already established credentials and vision in decision intelligence space. Recognizing the importance of enabling combined analysis of structured and unstructured data, Qlik has positioned itself at the forefront of innovative analytics. Anticipating the increase in unstructured data analysis, this will allow Qlik’s customers to gain better insights that enhance decision-making across multiple industries.”
This acquisition lays the foundation for innovative product announcements that will be revealed at Qlik Connect in Orlando, Florida, from June 3-5, 2024. It underscores Qlik’s leadership in Generative AI, expanding its capabilities and presence in the market.