Qlik has announced the acquisition of pivotal intellectual property (patents and technology) from Kyndi.
Kyndi’s CEO will join Qlik as part of the acquisition.
James Fisher, Qlik Chief Strategy Officer, said “The acquisition of Kyndi’s assets represents a key step in Qlik’s AI vision, supporting our ability to deliver rich, trusted answers from complex business questions. It enhances our established leadership in AI, ensuring that Kyndi’s innovative unstructured data processing combined with our powerful structured analytics will unlock richer and more actionable insights for our customers.”
Ryan Welsh, Founder and CEO of Kyndi, expressed, “I’m thrilled 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-powered insights create value for customers. Introducing our innovations into Qlik’s technology will enable the merging of structured and unstructured data, thereby empowering users with deeper insights and more informed decisions across a wide range of business scenarios.”
Nathan Hoover, Innovations Supervisor at UPS, said, “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’s commitment to leveraging cutting-edge technology for business transformation. The future looks promising.”
This acquisition directly addresses the rapidly growing volume of unstructured data in the world.
Qlik’s incorporation of Kyndi’s technology into its cloud solutions enriches decision intelligence by providing more comprehensive answers with enhanced context and relevance.
This advancement strengthens the management and curation of enterprise data, fostering trust and consistency across organizations while upholding stringent governance and security standards.
Mike Leone, Principal Analyst at Enterprise Strategy Group commented, “Qlik’s acquisition of Kyndi’s assets is a significant move that reinforces its already established AI credentials and vision in the decision intelligence space. Recognizing the criticality of enabling the combined analysis of structured and unstructured data, Qlik has positioned itself at the forefront of innovative analytics. By anticipating the surge in unstructured data analysis, this will enable Qlik’s customers to gain better insights that enhance decision-making across various industries.”
