Shareholders of visual analytics software specialist Qlik have approved the sale of the company to private equity investment firm Thoma Bravo.
With the shareholder vote complete, all approvals required to complete the transaction have been received and the transaction is expected to close on 22 August 2016.
Upon closing, Qlik shareholders will be entitled to receive USD30.50 in cash for each share of Qlik common stock they hold.
Lars Björk, chief executive officer of Qlik, says: "We believe our partnership with Thoma Bravo represents a tremendous opportunity to further expand upon our platform-based approach to business intelligence and analytics and will also provide significant benefits to our customers and employees. We are excited to close the transaction and work with Thoma Bravo on our next chapter of innovation and growth."
