Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Israeli JVP Fund Sells Qlik Holding to Public for $112 Million

Dec. 5 (Bloomberg) -- Israel’s Jerusalem Venture Partners sold part of its stake in Qlik Technologies Inc. for $112 million in a transaction that returned almost 40 times the Jerusalem-based venture capital fund’s initial investment.

“The exit clearly attests to the fact that in times of economic downturn, it is possible to reach substantial returns,” Erel Margalit, JVP’s managing partner, said in an e-mailed statement today.

JVP initially invested less than $10 million in Qlik in 2005. The business intelligence software company raised $112 million in a first public offering in July on the Nasdaq Stock Market. JVP holds a 14.5 percent stake in Qlik after the sale.

Qlik Technologies priced its shares for the secondary offering at $23 on Dec. 3. Its July IPO was priced at $10. The shares closed down 1.9 percent at $22.90 in New York on Dec. 3.

To contact the reporters responsible for this story: Gwen Ackerman in Jerusalem at

To contact the editor responsible for this story: Peter Hirschberg at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.