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5 Top-Performing New Tech Stocks

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Qlik Technologies

What it does: Provide business intelligence software for customers like Kraft Foods (KFT) and Qualcomm (QCOM)

Qlik Technologies (QLIK - Get Report) launched a successful public offering in July, when the markets were recovering after a sharp U.S. market plunge. Based in Radnor, Pa., the company priced above its range at $10 a share and rose 20% on its first day of trading.

Shares of QlikTech are up more than 158% since the IPO.

Last year, QlikTech generated revenue of $157.4 million and analysts expect full year sales of almost $214 million in 2010.

QlikTech was founded in Sweden in 1993, and backed by venture investors Accel Partners and Jerusalem Venture Partners.

The company's software competes with business software products created by IBM (IBM) , Oracle (ORCL) , Microsoft (MSFT) and SAP (SAP).

In Sweden, police officers said this week that they had used QlikTech's software to analyze crime reports, enabling them to track down an alleged serial killer.

--Written by Olivia Oran in New York.

>To see these stocks in action, visit the 5 Top-Performing New Tech Stocks portfolio on Stockpickr.



>To follow the writer on Twitter, go to http://twitter.com/Ozoran.

>To submit a news tip, send an email to: tips@thestreet.com.

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