Thoma Bravo LLC, Chicago, has agreed to pay $3 billion, or $30.50 a share, for Qlik, a business-analytics and display provider with offices in Radnor, software engineers in Sweden, 2,500 employees, and 39,000 users worldwide. Qlik employs around 250 in Radnor, said spokeswoman Maria Scurry. The company won't comment on whether the new owner is more likely to cut jobs, or add more.

The price, a 40% premium to Qlik's trading value last winter before it agreed to a "strategic review" leading to its sale, is still a disappointing drop from its 2015 high of nearly $42 a share. Sales totalled $613 million last year, up 10% from 2014, but Qlik's growth rate has dropped each year since 2011. Like rival Tableau, Qlik has lost value on the stock market amid rising competition.

Qlik was pressured into a sale after New York investor Paul Singer's Elliott Management bought 7 percent of the company last winter and began agitating to sell the company, as I wrote here in March.

The sale to private equity "is in the best interest of Qlik's shareholders" and will finance continued customer service, chief executive Lars Bjork said in a statement.  

"We look forward to partnering with the Qlik team as they continue to grow their platform-based approach to business intelligence and analytics," said Thoma Bravo partner Orlando Bravo in a statement. "As the need for analytic solutions grows, Qlik is well-positioned to continue to drive innovation and lead the market." Partner Seth Boro added that he expects "to accelerate Qlik's growth and market share."

The company's corporate office will remain in Radnor, according to Thoma Bravo. Qlik's board unanimously approved the deal, which is expected to close in the third quarter. A group led by Ares Capital Corp. will lend Thoma Bravo $1.075 billion to help fund the deal.