INSUBCONTINENT EXCLUSIVE:
Ryan Smith of Qualtrics speaks onstage during TechCrunch Disrupt SF 2015Enterprise software giant SAP announced today that it has agreed to
acquire Qualtrics for $8 billion in cash, just before the survey and research software company was set to go public
The deal is expected to be completed in the first half of 2019
Qualtrics last round of venture capital funding in 2016 raised $180 million at a $2.5 billion valuation.This is the second-largest ever
enables its 9,000 enterprise users to gauge things like customer sentiment and employee engagement.McDermott compared the potential impact
employee bonuses and cash on the balance sheet at close.Ryan Smith, who co-founded Qualtrics in 2002, will continue to serve as its CEO
Utah and Seattle, as well as its own branding and personnel.According to Crunchbase, the company raised a total of $400 million in VC
funding from investors including Accel, Sequoia, and Insight Ventures
It had intended to sell 20.5 million shares in its debut for $18 to $21, which could have potentially grossed up to about $495 million
grew 8.5 percent from $97.1 million in the second-quarter to $105.4 million in the third-quarter, according to its IPO filing
It reported third-quarter GAAP net income of $4.9 million
That represented an increase from the $975,000 it reported in the previous quarter, as well as its net profit in the same period a year ago
Qualtrics grew its operating cash flow to $52.5 million in the first nine months of 2018, compared to $36.1 million during the same period
SurveyMonkey, which went public in September.
