Technology PR:
Radnor, PA September 29, 2008 -- QlikTech, the worlds fastest-growing Business Intelligence (BI) software vendor, has appointed William Sorenson as Chief Financial Officer of QlikTech Inc. Sorenson brings a broad base of financial and operational experience and a proven track record of enhancing operating performance through process improvement, cost control, acquisitions and new business development.
During the past 10 years, Sorenson has served as CFO at world leading companies in the technology, media, entertainment and mobile telecom industries, both domestic and international, ranging in size from multi-billion dollars in revenue to start-ups. As CFO at both SavaJe Technologies and Firebrand, Sorenson helped launch new products and managed all day-to-day operations, including finance, professional services, human resources and legal, as well as shareholder/board management. At EMI Music Publishing, the largest music publisher in the world, he helped improve operating results and profitability through a companywide expense reduction program and developed a mobile music initiative in order to increase revenues. Prior to that, Sorenson held senior leadership positions within Bertelsmann AG and at The News Corporation Ltd., where he was involved with the companys capital market efforts around the world, raising over $15 billion in long-term securities, including the Fox Entertainment IPO.
"I am excited to join QlikTech as CFO," said Sorenson. "I look forward to working closely with the entire management team to sustain the companys phenomenal growth rate, drive operational efficiency and further strengthen the companys position as a leading technology innovator in the business analysis and intelligence market around the world."
QlikTech is outpacing the growth of every other BI software vendor by delighting customers with simple software in a market that has been used to complex "solutions" from traditional players. Its 2007 worldwide revenues were $80.0 million, an 80% increase over the previous year and the third year in a row with 75% or greater growth. QlikTech adds 12 new customers every working day.
QlikTechs award-winning business analysis solution QlikView, works the way your mind works to connect related data from many sources, using patented, next-generation association technology. Information can then be explored intuitively and visually - with drill-down detail in a few clicks - delivering accurate answers and better insights.
"Bills deep experience in finance and operations, in conjunction with his diverse background in business leadership, makes him the ideal candidate to serve as CFO," said Lars Björk, CEO of QlikTech. "We are looking forward to his contribution to QlikTechs future success as we continue to drive innovation and expand our reach."
About QlikTech
QlikTechs flagship product, QlikView, simplifies analysis for everyone. QlikView works the way your mind works - making associations by connecting data from many sources in a few clicks. This patented in-memory association technology brings fast results and better decision making to a wide range of customers and industries. QlikView is intuitive to learn, simple to modify and can be deployed in less than a week.
Named the worlds fastest-growing Business Intelligence software vendor by IDC, QlikTech has approximately 9,500 customers in 87 countries and more than 500 partners worldwide. QlikTech was founded in Lund, Sweden and is headquartered in Radnor, PA (USA) with direct operations throughout Europe and the Americas. QlikTech offers a fully functional, free trial of QlikView and a 30-day money-back guarantee. For more information, please visit www.qlikview.com or subscribe to the QlikView XML RSS Feed.
QlikTech and QlikView are trademarks or registered trademarks of QlikTech International AB. Other company names, product names and company logos mentioned herein are the trademarks, or registered trademarks of their respective owners.
Contact: Estera Hayes, Full Circle Communications
Phone: +1 610 517 6404; Skype: estera_hayes
