PHILADELPHIA, PA — Qlik®, the leader in data integration and analytics, has announced the acquisition of intellectual property from Kyndi, a trailblazer in natural language processing, search, and generative AI. This acquisition marks a significant leap forward in Qlik’s vision of providing precise, contextually-rich answers to complex business questions.
This development is a bellwether for the technology sector, particularly for organizations grappling with the challenge of interpreting and processing unstructured data. The acquisition brings together Qlik Cloud’s mastery of structured data with Kyndi’s groundbreaking unstructured data technologies, reinforcing Qlik’s position as a transformative market leader in data utilization.
By harnessing Kyndi’s proprietary technology, Qlik is poised to unlock valuable insights from the vast reservoirs of unstructured data that organizations accumulate. This integration will not only enhance Qlik’s already robust AI capabilities, but will also underscore its commitment to delivering comprehensive, enterprise-wide solutions that meet the growing demand for in-depth analytics across all forms of data.
Furthermore, Kyndi’s expertise will enable Qlik to address current challenges in answer engines, offering innovative solutions for managing and curating answers. This acquisition paves the way for new use cases for decision-making, drawing from a broad spectrum of data sources. The result is a more comprehensive and quality-assured insight, setting a new benchmark in the data analytics landscape.
“The acquisition of Kyndi’s assets represents a key step in Qlik’s AI vision,” said James Fisher, Qlik Chief Strategy Officer. “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, added, “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.”
The acquisition directly addresses the rapidly growing volume of unstructured data in the world today. By incorporating Kyndi’s technology into its cloud solutions, Qlik is set to provide more comprehensive answers with enhanced context and relevance, fortifying trust and consistency across organizations while upholding stringent governance and security standards.
This notable acquisition forms the foundation for innovative future product announcements, expected to be revealed at Qlik Connect in Orlando, Florida from 3-5 June 2024. It underscores Qlik’s leadership in Generative AI, expanding its capabilities and market presence. The move signals a pivotal moment for the technology industry, demonstrating the transformative power of AI in harnessing the untapped potential of unstructured data.
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