QlikTech Strengthens Executive Leadership Team to Support Significant Growth
Seasoned Chief Financial Officer and Chief People Officer bring backgrounds
built on leading in dynamic markets and scaling operations
RADNOR, Pa. -- June 3, 2013
QlikTech (NASDAQ: QLIK), a leader in Business Discovery – user-driven Business
Intelligence (BI), today announced that Tim MacCarrick will become its Chief
Financial Officer (CFO) effective July 1, 2013, and that Diane Adams will join
the Company as its Chief People Officer (CPO), effective June 10, 2013. Each
brings more than 20 years of experience leading their disciplines and scaling
operations during times of significant growth.
MacCarrick’s background includes both chief financial officer and chief
operating officer positions at Fortune 1000 companies, including Crane Co.
(NYSE:CR), where he was corporate vice president and CFO, and Xerox
(NYSE:XRX), where he served in a variety of financial executive positions over
a 20-year period, including corporate vice president and vice president
finance, Xerox North America; and CFO, Xerox Europe. He most recently served
as chief operating officer, global vendor finance for De Lage Landen
International B.V., a global financing business with a portfolio of over $30
billion across 35 countries. Bill Sorenson, QlikTech’s current CFO, who in
February, 2013 announced his plan to exit the Company, will work with
MacCarrick to ensure a smooth transition.
Adams brings extensive experience in organizational and leadership
development, change management and strategic staffing for high growth
companies, including Cisco Systems (NASDAQ:CSCO), where she served in a
variety of human resources leadership positions over a 14-year span during
which the company grew from $2.2 billion in revenue and approximately 4,000
employees to $36 billion in revenue and more than 65,000 employees. In her
final three years she served in a dual position as vice president, human
resources, international and vice president, human resources, worldwide sales,
leading the human resources function for 35,000 employees in 152 countries.
Adams joins QlikTech most recently from AllScripts (NASDAQ:MDRX), where she
served as executive vice president, culture and talent, during a three-year
period in which the company grew from $548 million in revenue and 2,400
employees to $1.4 billion in revenue and over 7,000 employees, and executed
the acquisitions of Misys and Eclipsys.
“We are extremely pleased to strengthen our executive team with the experience
Tim and Diane bring as we scale QlikTech at the pace required to continue to
transform the business intelligence market,” said Lars Björk, QlikTech’s chief
executive officer. “Having taken other notable companies through periods of
strong growth and market transformations, Tim and Diane have gained the
strategic financial and human capital knowledge necessary to help QlikTech
achieve our goals in terms of revenue growth, operational scale, customer
focus, leadership development and employee satisfaction.”
QlikTech also announced that Paul Farmer, who has served as its Chief People
Officer since September 2011, will exit the Company after working to
transition his role to Adams.
“Paul joined QlikTech at a time when our human resources function was in need
of centralization and best practices to effectively support our accelerating
growth,” commented Björk. “We thank Paul for leading these initiatives to
support the expansion of our employee base by 50% during his tenure to nearly
1,500 employees today,” he added.
QlikTech (NASDAQ: QLIK) is a leader in Business Discovery—user-driven Business
Intelligence (BI). Its QlikView Business Discovery solution bridges the gap
between traditional BI solutions and inadequate spreadsheet applications. The
in-memory associative search technology QlikTech pioneered created the
self-service BI category, allowing users to explore information freely rather
than being confined to a predefined path of questions. Appropriate from SMB to
the largest global enterprise, QlikView’s self-service analysis can be
deployed with data governance in days or weeks. The QlikView Business
Discovery platform’s app-driven model works with existing BI solutions,
offering an immersive mobile and social, collaborative experience.
Headquartered in Radnor, Pennsylvania, QlikTech has offices around the world
serving approximately 28,000 customers in over 100 countries.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements, including, but not
limited to, statements regarding the value and effectiveness of QlikTech's
products, the introduction of product enhancements or additional products and
QlikTech's growth, expansion and market leadership, that involve risks,
uncertainties, assumptions and other factors which, if they do not materialize
or prove correct, could cause QlikTech’s results to differ materially from
those expressed or implied by such forward-looking statements. All statements,
other than statements of historical fact, are statements that could be deemed
forward-looking statements, including statements containing the words
“predicts,” “plan,” “expects,” “anticipates,” “believes,” “goal,” “target,”
“estimate,” “potential,” “may”, “will,” “might,” “momentum,” “could,” “seek,”
and similar words. QlikTech intends all such forward-looking statements to be
covered by the safe harbor provisions for forward-looking statements contained
in Section 21E of the Exchange Act and the Private Securities Litigation
Reform Act of 1995. The forward-looking statements included in this press
release represent QlikTech's views as of the date of this press release.
QlikTech anticipates that subsequent events and developments will cause its
views to change. QlikTech undertakes no intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise. These forward-looking statements should not be
relied upon as representing QlikTech’s views as of any date subsequent to the
date of this press release.
Qlik™, QlikView™, QlikTech™, and the QlikTech logo are trademarks of QlikTech
International AB which have been registered in multiple countries. Other marks
and logos mentioned are the trademarks of their respective owners.
Maria Scurry, 781-366-7617
Brett Pollack, 646-561-0906
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