QLIKTECH OPENS OFFICE IN INDIA, EYES TO GROW BUSINESS

Bangalore
The Economic Times MintQlikTech, named the world's fastest growing business intelligence (BI) software company by International Data Corporation (IDC), on Thursday announced the opening of an office here, the country's technology hub, to support existing customers and grow through channel partners.

The privately held company, which has clocked annual growth rate of 80 percent in the last four years, appointed Raghunathan Rangarajan as its Regional Manager for India and South Asia.

Peter McQuade, Vice-President, International Markets for QlikTech, said the company has 140 customers in India, including Reliance Life, Reliance Capital, L G Electronics, Dainik Jagran and Parley.

Rangarajan said the company is also pursuing business opportunities in Bangladesh and Sri Lanka.

Company officials said its business analysis solution QlikView can be deployed quickly and cost-effectively, adding, it delivers "powerful and intuitive" business analysis dashboards and reports based on patented association technology.

McQuade said: "We have 8,484 customers in 86 countries. We add 13 new customers every day. We have around 400,000 live users".

Rangarajan said the company would open an additional office in Mumbai in the next few months. The company's partners in India are: Team Computers, Sonata Software, IRT, Computer Solutions & Blue-chip Solutions.

According to IDC's "India BI Software Market Report,", June 2007, India's business intelligence software market is projected to grow at a compounded annual growth rate of 35.9 percent through 2011.