Qlik, a leader in data integration, analytics and AI, has announced the acquisition of Kyndi, an innovative company specializing in natural language processing, research and Generative AI.
This acquisition will support a transformative approach in how organizations interpret and process unstructured data. With this acquisition, Kyndi’s CEO and the company’s top AI experts will join Qlik. This move marks a substantial advancement in Qlik’s vision to provide precise and contextually rich answers to complex business questions.
The acquisition leverages the combination of Qlik Cloud’s structured data expertise with Kyndi’s pioneering unstructured data technologies, solidifying Qlik’s position as a market-transforming leader in how organizations utilize data.
By adopting Kyndi’s expertise and proprietary technology, Qlik advances in unlocking valuable insights from its customers’ ever-expanding reservoirs of unstructured data, seamlessly integrating these insights into structured data analysis. This move not only ensures the continuation of Qlik’s longstanding leadership in AI but also emphasizes its commitment to providing comprehensive enterprise solutions that address the critical need for in-depth analysis across all forms of data.
“The acquisition of Kyndi’s assets represents a pivotal step in Qlik’s AI vision, supporting our ability to provide rich and reliable answers to complex business questions. The acquisition enhances our established leadership in AI, ensuring that Kyndi’s innovative unstructured data processing, combined with our powerful structured analytics, unlocks richer and actionable insights for our customers,” said James Fisher, Chief Strategy Officer of Qlik.