With last year’s spate of acquisitions and financial tumult in the business intelligence (BI) market, many experts were predicting that another wave of consolidation would wash over the industry. Yet, the reality is that there are four separate financial trends afoot, not one.
In 2016, financial news dominated the BI headlines. Qlik was acquired by private equity firm Thoma Bravo for $3 billion, while Informatica and Syncsort were also acquired by private equity firms. Meanwhile, OpenText, Hitachi, BIME, Platfora, and Revolution Analytics were bought by other software vendors. In addition, negative financial results plagued market leaders: Microstrategy laid off 20% of its staff, and Tableau’s stock dropped 50% last February.
Author: Henry H. Eckerson