JVP owns 25.4% of the US business intelligence software developer, which plans an offering at a company value of $712 million.
Jerusalem Venture Partners (JVP) is about to mark a large exit with the pending IPO of US business intelligence software developer Qlik Technologies Inc on Nasdaq. JVP owns 25.4% of Qlik, which plans to hold an IPO on July 16.
JVP managing partner Erel Margalit, who likes to talk about the importance of not selling portfolio companies for low prices, can chalk up a success.
Qlik plans to offer shares at $8.50-9.50 per share at a company value of $712 million. The company posted a net profit of $8.86 million on $157 million revenue in 2009.
Another Qlik shareholder is Accel Partners, with 26.7%.
Published by Globes [online], Israel business news - www.globes-online.com - on June 29, 2010
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