Qlik Launches Qlik Sense Cloud Business To Expand Its SaaS Offering

Qlik Technologies Inc QLIK disclosed that it was expanding its Qlik Sense Cloud offerings with the launch of Qlik Sense Cloud Business. According to the company, its Qlik Sense Cloud Business allows anyone to create, manage, and collaborate with visual analytics in the simplicity of the cloud.

Qlik said that it was powered by the patented QIX Associative Indexing Engine and offered the security, scalability, and performance of the industry-proven Qlik visual analytics platform. The company added that by lowering the barrier to entry and providing a business-ready, subscription-based cloud offering, its customers stand to gain from its Qlik Sense Cloud Business immediately without any need for additional capital costs.

The company's CTO and SVP of Products, Anthony Deighton, said, "Our cloud strategy encompasses more than just an infrastructure or Software-as-a-Service play. At Qlik we see an exciting opportunity for cloud-based value-added services to optimize the visual analytics experience. Likewise, because people do not make decisions alone, sharing in the cloud will always be an important part of our collaboration strategy."

On Tuesday, shares of the company traded 2.37 percent lower.