Good week for Qliktech

Last week of April 2011 was good for Qliktech. It released the results for a First Quarter 2011 and they are very positive.

Revenue is up (does not look like it is slowing down) 44% YoY, if compared with 1Q2010 with revenue $63M and projection for total 2011 now about $300M (up from preliminary projection of $280M before Q1 happened). Ended the first quarter of 2011 with an active customer count of approximately 19,000 (means about 900000 licensed, paying Data Visualization and BI users now and number of Qlikview users may exceed 1 million in 2011!), up from approximately 14,000 active customers at the end of the first quarter of 2010! Among other news:

• Qliktech hired 103 new employees in Q1 of 2011 and currently employed 883 people (a 43% increase year-over-year).


• Qliktech signed a strategic alliance with Deloitte, starting with Netherlands and planning expansion of alliance to Deloitte worldwide.


•  About 2 weeks ago Qliktech unveils one of the first HTML5-based full client application: Qlikview on iPad (free [user will need license to access Qlikview Server anyway] - and delivered it through the Safari mobile Web browser) - Qliktech claims that it is "every bit as rich as a native app."

I guess most of DV Client applications should have HTML5 reincarnation soon... As a result of all these positive sound bites, Qliktech shares ended this week above $32, more than tripled in 9 months:




and I compared Qliktech's relative growth in above Annotated Timeline chart with Microstrategy, TIBCO and Apple (yes, Qliktech is growing at least twice faster than ... Apple). I cannot include Tableau in comparison, because Tableau Software is still ... a private company.

Qliktech's capitalization as of today, 4/30/11 is $2.5B, $1B more than Microstrategy and only twice less than TIBCO's capitalization. I know at least 3 software vendors, who are focused only on BI and DV: Tableau (it is still a private company; BTW, Tableau 6.1 will be released soon) - growing faster (114% YoY- see it here) than anybody, Qliktech (share price has tripled in last 9 months) and Microstrategy (it's share price almost doubled in last 9 months). I consider the dedication to DV and BI as very important for future success in DV market; for example TIBCO's Spotfire is only one of 50+ TIBCO's products... and it dangers the future of one of the most advanced and mature DV products - Spotfire (version 3.3 is coming soon) .

One of reasons for Qliktech growth is its 1000+ partners and extensive Partner Programs for OEM Partners, Solution Providers, Business Consultants and System Integrators. Those overdeveloped Partner Programs required mandatory commitments from Partners in terms of Revenue Targets, Membership Fees, Qlikview Certifications and Minimum number of Trained employees. Lately Qliktech unreasonably raised those requirements and it may backfire and slowdown Qliktech growth and will help competitors like Tableau (Tableau actually opposite to Qliktech: their partnership program is underdeveloped - in my opinion - and requires big improvements) and recently Microstrategy (which seems learning from own and competitors mistakes and catching up lately).

Update 3 months later:

in Q2 of 2011 Qliktech reached 21000 customers worldwide (it means almost 1 million licensed users), $74 Millions in revenue (45% over Q2 2o1o); 1000 full time employes (400+ more compare with Q2 2010), $2.4B Market Capitalization and guess what - $2.2  Million of lost!

Permalink: http://apandre.wordpress.com/2011/04/30/good-week-for-qliktech/

Visual Insight from Microstrategy

Microstrategy is a famous and BI-dedicated company, operating for 22+ years, recently released Visual Insight (as part of the release of Microstrategy 9.2 this week) and joint the DV race. A couple of years ago, I advised to some local company in terms of choosing Data Visualization Partner and final 3 choices were Qlikview, Spotfire and Microstrategy. Microstrategy was most competitive pricing-wise, but their Data Visualization functionality was not ready yet. They are ready now, see it here (from webcast this week):



Visual Insight as part of Microstrategy 9.2 targets so called "self-service BI", and transition (they acknowledged that) from "old BI" (tabular reports: published static and OLAP reports) to "new BI" (Data Visualization and Dashboards), from Desktop to Mobile Clients (that is a forward looking statement for sure), from Physical to Cloud.

Microstrategy is claiming that Visual Insight allows to visualize Data in 30 minutes (that is good to know, but DV Leaders already have it for a while, welcome to the club!) compare with 30 days for the same process with "traditional BI":



(I am saying this for 6 years now and on this blog since inception of it; does it mean that old BI is useless now and too pricey? Microstrategy presenters saying that answer is yes! and I want to thank Microstrategy for the validation of my 6-years old conclusion). For full set of Microstrategy 9.2 slides click here.

Microstrategy 9.2 has a full BI product portfolio, fast in-memory Data Engine, free mobile and tablet clients, has even Free Reporting Suite . Microstrategy (like Qliktech, Tableau and Visokio) is completely focused on Business Intelligence and Data Visualization functionality unlike its giant competitors like SAP, IBM, Oracle and Microsoft.

Update 9/27/11. MIcrostrategy released free Cloud Personal edition, based on Visual Insight, see it for yourself here:

Visual BI with Vizubi

Since many people will use Excel regardless of how good other BI and DV tools are, I am regularly comparing abilities of Excel to solve Data Visualization problems I discussed on this site. In most cases Excel 2003 is completely inappropriate and obsolete (especially visually), Excel 2007 is good only for limited DV tasks like Infographics, Data Slides, Data Presentations, Static Dashboards and Single-Chart Visualizations. Excel 2010 has some features relevant to Data Visualizations, including one of the best columnar in-memory databases (PowerPivot as free add-in), an ability to synchronize multiple Charts through slicers, a limited ability to drilldown data using slicers and even the support for both 64-bit and 32-bit. However, when comparing with Qlikview, Spotfire and Tableau the Excel 2010 feels like a stone-age tool or at least 2 generation behind as far as Data Visualization (and BI) is a concern...

That was my impression until I started to use the Excel Plugin, called Visubi (from company with the same name, see it here ). Suddenly my Excel 2003 and Excel 2007 (I keep them for historical purposes) started to be almost as capable as Excel 2010, because Visubi adding to all those versions of Excel a very capable columnar in-memory database, slicers and many features you cannot find in Excel 2010 and PowerPivot and in addition is greatly improving the functionality of Excel PivotTables and Tables! Vizubi enables me to read (in addition to usual data sources like ODBC, CSV, XLS, XLSX etc.) even my QVD files (Qlikview Data files)! Visubi, unlike PowerPivot, will create Time Dimension(s) the same way as SSAS does. All above means that users are not forced to migrate to Office 2010, but they will have many PowerPivot features with their old version of Excel. In addition Vizubi added to my Excel tables and Pivots uniques feature: I can easily switch back and forth between Table and PivotTable presentation of my data.

Most important Visubi's feature is that all Vizubi's tables and pivots are interactive and each piece of data is clickable and enables me to drill down/up/through my entire dataset:

[youtube=http://www.youtube.com/v/HNpkGv1htt8&border=0]

It is basically equivalent or exceeded the drilldown ability of Qlikview, with one exception: Qlikview allows to do it through charts, but Vizubi does it through Tables and PivotTables. Visubi enables Excel user creates large databases with millions of rows (e.g. test database has 15 millions of rows) and enables ordinary users (non-developers) easily create Tables, Reports, Charts, Graphs and Dashboards with such database - all within familiar Excel environment using easy Drag-and-Drop UI:



Vizubi's Database(s) enables users to share data over central datastore, while keeping Excel as a personal desktop DV (or BI) client. See Vizubi videos here and tutorials here.

Vizubi is a small (15 employees) profitable Italian company and it is a living prove that size does not matter - Vizubi did something extremely valuable and cool for Excel users that giant Microsoft failed to do for many years, even with PowerPivot. Prices for Vizubi is minimal considering the value it adds to Excel: between $99 and &279, depends on the version and the number of seats (discounts are available, see it here ).

Vizubi is not perfect (they just at version 1.21, less then one year old product), for example I wish they will support a graphical drilldown like Qlikview does (outlining rectangles right on Charts and then instant selection of appropriate subset of data ), a web client (like Spotfire) and web publishing for their functionality (even Excel 2010 supports Slicers on a web in Office Live environment), 64-bit Excel (32-bits is so 20th century), the ability to read and use SSAS and PowerPivot directly (like Tableau does), some scripting (Javascript or VBScript like Qlikview) and"formula"  language (like PowerPivot with DAX) etc.

I suggest to review these articles about Vizubi: in TDWI by Stephen Swoyer and relatively old article  from Marco Russo at SQLBlog .

Permalink: http://apandre.wordpress.com/2011/04/10/visubi/