Christer Berg, the executive who helped software firm QlikTech crack the US market, has left the company to start his own business after new venture partners invested in the company.
“We parted ways, but it was amicable,” Berg tells Local Tech Wire. “One thing led to another.”
He describes his departure as a “classic case of new venture partners come in and want to put their own folks in control.”
QlikTech announced $12.5 million in new financing on Dec. 7. By Dec. 31, Berg left the firm.
Berg was Qlik Tech’s CEO for North American operations.
“It certainly was quite a bit of a surprise,” Berg says. “We had a good fourth quarter and a strong December. We grew the business a lot.”
QlikTech announced Berg’s replacement Tuesday morning. He is Rick Pitts, a former vice president of small and medium business channel sales for SAP America.
The company focuses on business intelligence software.
Accel Partners and Jerusalem Venture Partners led the funding for QlikTech, which is based in Lund, Sweden.
Its primary product is called QlikView, which is built around patented performance management and intelligence for interactive data analysis.
The company has 1,500 customers in 43 countries. Among its customers are AstraZeneca, Pfizer, London Fog, Sara Lee, and The Campbell Soup Company.
Berg has since launched his own business, Venture Bridge, a consulting firm that will work with European companies wanting to enter the US market.