News for hackers. Stuff that matters.
Re:Qlik acquired by Thoma Bravo for $3B by aaronbrethorst on Thursday June 02, 2016 @04:59PM (#11826008)
What is this, and why is this on the front page of HN? Are either Qlik or Thoma Bravo companies that I should know about?
Re:Qlik acquired by Thoma Bravo for $3B by cthulhu-bot on Thursday June 02, 2016 @06:18PM (#11826565)
Thoma Bravo is and let me tell you why.

The last company I worked at went through an acquisition with Thoma Bravo and the very next day after acquisition was confirmed we walked into the office and there were security guards in suits with ear pieces patrolling the office. At 9am they locked half of us in conference rooms and told us that everyone who wasn't in a conference room was getting laid off. We weren't allowed to leave the conference rooms for an hour out of "respect" for everyone gathering their stuff into boxes and they said that the security was there for "our safety". Thoma Bravo is currently bleeding that company dry and running it on a skeleton crew while it slowly circles the drain.

This experience has made me super wary of private equity firms in general but this company in particular.

Re:Qlik acquired by Thoma Bravo for $3B by frik on Friday June 03, 2016 @01:19AM (#11828492)
I guess Compuware, Detroit / Dynatrace.

Or Riverbed.

Having several similar products ... you know what it means: https://thomabravo.com/portfolio/all/current/

Re:Qlik acquired by Thoma Bravo for $3B by cthulhu-bot on Friday June 03, 2016 @11:00AM (#11830692)
Several similar products indeed. Since I was at none of the above it seems they have a track record now and people should know what to expect.
Re:Qlik acquired by Thoma Bravo for $3B by jacquesm on Thursday June 02, 2016 @07:47PM (#11827190)
I guess we will know in 24 hours what happens with Qlik then.
Re:Qlik acquired by Thoma Bravo for $3B by chris_wot on Thursday June 02, 2016 @06:36PM (#11826684)
That's terrible!
Re:Qlik acquired by Thoma Bravo for $3B by pinewurst on Thursday June 02, 2016 @06:46PM (#11826749)
Attachmate which owns SUSE Linux is another one of Thoma Bravo's creatures btw
Re:Qlik acquired by Thoma Bravo for $3B by aaronbrethorst on Thursday June 02, 2016 @07:31PM (#11827079)
Awesome, thank you.
Re:Qlik acquired by Thoma Bravo for $3B by _RPM on Thursday June 02, 2016 @05:13PM (#11826119)
All due respect, but i'm not sure it's a violation of the rules for a link about a company to be on the front page without you knowing who the company is.
Re:Qlik acquired by Thoma Bravo for $3B by aaronbrethorst on Thursday June 02, 2016 @07:30PM (#11827075)
It's not. I was looking for context beyond what a press release could provide. All due respect.
Re:Qlik acquired by Thoma Bravo for $3B by parasubvert on Thursday June 02, 2016 @05:05PM (#11826052)
Qlik is one of the major data visualization tools like Tableau.

This is part of a trend of activist investors and/or private equity taking companies private because the Street has unrealistic expectations.

Re:Qlik acquired by Thoma Bravo for $3B by mark_integerdsv on Tuesday June 07, 2016 @04:16AM (#11853103)
Interesting, could you point to some other examples or otherwise expand a bit on this please?

I work in the field and I'm currently looking at choosing software, this info might be very important in these decisions.

Re:Qlik acquired by Thoma Bravo for $3B by jacquesm on Thursday June 02, 2016 @05:28PM (#11826232)
Re:Qlik acquired by Thoma Bravo for $3B by chris_wot on Thursday June 02, 2016 @06:34PM (#11826667)
Never heard of Thoma Bravo, but I suggest that if you have any interest in BI tools that you at least learn who Qlik are.
Re:Qlik acquired by Thoma Bravo for $3B by elgabogringo on Thursday June 02, 2016 @05:07PM (#11826074)
Re:Qlik acquired by Thoma Bravo for $3B by quadrature on Thursday June 02, 2016 @05:10PM (#11826098)
I think they mean it more in the context of why its relevant to HN. usually we only talk about acquisitions of YC companies.
Re:Qlik acquired by Thoma Bravo for $3B by qq66 on Thursday June 02, 2016 @05:15PM (#11826134)
It's relevant because it's a $3b sale of a data visualization software company, which is more than any YC acquisition and bigger than all but a handful of YC companies.
Re:Qlik acquired by Thoma Bravo for $3B by genericpseudo on Thursday June 02, 2016 @05:30PM (#11826239)
And it's a public-to-private transaction, not a takeover.
Re:Qlik acquired by Thoma Bravo for $3B by ledude on Thursday June 02, 2016 @06:01PM (#11826462)
"In business, a takeover is the purchase of one company (the target) by another (the acquirer, or bidder). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company."

https://en.wikipedia.org/wiki/Takeover http://www.investopedia.com/terms/t/takeover.asp

Re:Qlik acquired by Thoma Bravo for $3B by genericpseudo on Thursday June 02, 2016 @06:18PM (#11826568)
OK, but my meaning was hopefully clear. It's essentially a leveraged MBO.
Re:Qlik acquired by Thoma Bravo for $3B by untog on Thursday June 02, 2016 @06:38PM (#11826694)
> usually we only talk about acquisitions of YC companies.

That's objectively untrue.