Qlik, which makes visual analytics software and competes with Tableau, said it will go private in a deal with Thoma Bravo valued at $3 billion.
The private equity buyout comes as Marketo sold out earlier this week.
Under the terms of the Thoma Bravo buyout, Qlik shareholders will receive $30.50 a share for each share they hold. That sum equates to a 40 percent premium over Qlik's 10 day average stock price.
Qlik CEO Lars Bjork said that the Thoma Bravo deal will give the company "additional flexibility to execute our strategic plan." According to Qlik, the company will keep its Radnor, PA headquarters as well as its existing management team.
Thoma Bravo is no stranger to the tech market. Portfolio companies include Compuware, Flexera, Keynote, Landesk, Riverbed,
In Qlik's first quarter reported in April, the company reported a first quarter net loss of $27 million, or 29 cents a share, on revenue of $138 million, up 15 percent from a year ago. Non-GAAP net loss for the first quarter was 9 cents a share.
Qlik is also rolling out its Qlik Sense 3.0 in June as well as bolstering its ecosystem and cloud offerings.