Qlik Acquires Kyndi to Advance AI-Driven Business Outcomes
Bengaluru Qlik®, a global leader in data integration, analytics, and AI, has announced the acquisition of pivotal intellectual property (patents and technology) from Kyndi, an innovator in natural language processing, search, and generative AI. This acquisitionwill support a transformative approach to how organizations interpret and process unstructured data. Kyndi’s CEO and leading AI experts will join Qlik as part of the acquisition. This move signifies a substantial advancement in Qlik’s vision of delivering precise, contextually-rich answers to complex business questions. The acquisition leverages the combination of Qlik Cloud’s structured data mastery with Kyndi’s pioneering unstructured data technologies, reinforcing Qlik’s position as a transformative market leader in how organizations utilize data.
By embracing Kyndi’s expertise and proprietary technology, Qlik steps forward in unlocking valuable insights from customers’ ever-growing reservoirs of unstructured data, integrating these insights seamlessly with structured data analytics. This move not only continues Qlik’s extensive track record in AI leadership, but also emphasizes its commitment to providing comprehensive, enterprise-wide solutions that address the critical need for in-depthanalytics across all forms of data.
Addressing challenges in current answer engines, Kyndi’s expertise enables Qlik to offer innovative solutions for managing and curating answers, unlocking new use cases for decision-making from a vast spectrum of data sources. This empowers users with comprehensive, quality-assured insights, setting a new benchmark in the data analytics landscape.
James Fisher, Qlik Chief Strategy Officer, said, “The acquisition of Kyndi’s assets represents a key step in Qlik’s AI vision, supporting our abilityto deliver rich, trusted answers from complex business questions. It enhances our established leadership in AI, ensuring that Kyndi’s innovative unstructured data processing combined with our powerful structured analyticswill unlock richer and more actionable insights for our customers.”