Qlik, a global expert in data integration, analytics and AI, announced the acquisition of the intellectual property and technology of Kyndi, a leading player in the fields of natural language processing, search and Generative AI. This acquisition represents Qlik’s continued commitment to advancing AI technologies and its mission to transform the interpretation and processing of the world’s unstructured data. According to Qlik, around 80% of organizations are currently struggling with such data.
This acquisition aims to enhance Qlik’s delivery of trusted, context-rich answers to complex business questions, by combining Qlik Cloud’s structured data mastery with Kyndi’s innovative unstructured data technologies. Kyndi CEO and leading AI experts will join Qlik as part of the deal.
By leveraging Kyndi’s proprietary technology, Qlik positions itself to unlock valuable insights from customers’ ever-growing sources of unstructured data, seamlessly integrating these insights with structured data analytics. The move reinforces Qlik’s status as a transformative market leader in how organizations use data and confirms the company’s impressive track record of AI leadership.
Kyndi’s expertise will enable Qlik to deliver solutions that manage and organize responses, opening the door to new use cases for decision-making across a wide range of data sources. This will enable users to benefit from comprehensive, quality-assured insights, setting a new standard in the data analytics landscape.
James Fisher, Chief Strategy Officer at Qlik, said: “The acquisition of Kyndi’s assets represents a key milestone in Qlik’s AI vision, strengthening our ability to provide rich, trusted answers to business questions. complex. Kyndi’s innovative processing of unstructured data, combined with our powerful, structured analytics, will enable our customers to benefit from richer, more actionable insights.
Ryan Welsh, founder and CEO of Kyndi, added: “Qlik is perfectly positioned to deliver on the promise of generative AI. We have a unique opportunity to improve how AI-driven insights create value for customers. The introduction of our innovations in Qlik technology will enable the fusion of structured and unstructured data, providing users with deeper insights and more informed decisions across a wide range of business scenarios.
This acquisition responds to the rapid increase in the volume of unstructured data around the world. Integrating Kyndi’s technology into Qlik’s cloud solutions will improve business intelligence by providing more complete answers and increasing relevance and context. Additionally, the management and retention of enterprise data will be strengthened, fostering trust and consistency within organizations while maintaining rigorous standards of governance and security.
Mike Leone, Principal Analyst at Enterprise Strategy Group, commented: “Qlik’s acquisition of Kyndi’s assets is an important step that strengthens its already established AI credentials and vision in the business intelligence space. Recognize the importance of enabling combined analysis of structured and unstructured data. , Qlik positions itself at the forefront of innovative analytics. »
This acquisition lays the foundation for future product announcements, demonstrating Qlik’s leadership in generative AI and facilitating the expansion of its capabilities and market presence.
