Qlik, the Swedish data analytics firm, revealed its acquisition of Moziac Data, an AI-driven data management provider, for an undisclosed amount.
The primary goal of this acquisition is to expedite the deployment and utilization of data within enterprises, particularly on popular cloud platforms such as Amazon Redshift, Databricks, Google BigQuery, Microsoft Fabric, and Snowflake.
Mozaic founder Sharad Kumar is set to join Qlik as the Regional Head of Data Integration and Quality.
“The acquisition of Mozaic and Sharad’s expertise is a pivotal step in reshaping the data landscape and is a significant contribution to our ongoing work for 2024, said Drew Clarke, General Manager, Data Business Unit at Qlik. “Customers recognize the importance of treating data as a product—a strategy that aligns with the need for a SaaS-based Data Product Catalog.”
Mozaic develops data products with a decentralized architecture accessible through a data product marketplace tailored for specific business needs.
The Harvard Business Review suggests that treating data as a product can expedite the implementation of new use cases by 90% and reduce the total cost of ownership by 30%.
“Joining Qlik is a significant milestone for Mozaic Data. We share a vision to improve data consumption by maximizing value from data investments. This is an opportunity to advance the efficiency and innovation in data management driven by AI, integrating seamlessly with Qlik’s upcoming projects,” said Sharad Kumar of Mozaic.
Founded in 1993, Qlik currently has over 40,000 enterprise customers in over 100 countries.