Wed. May 29th, 2024

Qlik, a global expert in data integration, analytics, and AI, has announced its acquisition of intellectual property and technology from Kyndi, a leading player in the fields of natural language processing, search, and generative AI. This acquisition aims to enhance Qlik’s provision of authoritative, contextually rich answers to complex business questions by incorporating Kyndi’s innovative unstructured data technologies.

Key Points:

  • Qlik has acquired intellectual property and technology from Kyndi, a leading player in natural language processing and generative AI.
  • The acquisition aims to enhance Qlik’s provision of authoritative, contextually rich answers to complex business questions by leveraging Kyndi’s innovative unstructured data technologies.

By leveraging Kyndi’s proprietary technology, Qlik is positioning itself to unlock valuable insights from customers’ ever-growing sources of unstructured data, integrating these insights seamlessly with structured data analytics. This move reinforces Qlik’s status as a transformative market leader in how organizations utilize data and continues the company’s impressive track record in AI leadership. Additionally, the acquisition addresses the rapidly increasing volume of unstructured data worldwide.

Kyndi’s expertise will allow Qlik to offer solutions that manage and curate answers, opening up new use cases for decision-making across a vast range of data sources. This will empower users with comprehensive, quality-assured insights, setting a new standard in the data analytics landscape. The CEO and leading AI experts from Kyndi will join Qlik as part of the deal.

This acquisition lays the groundwork for future product announcements, demonstrating Qlik’s leadership in generative AI and facilitating its expansion of capabilities and market presence.

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.”

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