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The Utah Jazz, an NBA basketball team based in Salt Lake City, announced today that Qualitrics CEO and co-founder Ryan Smith was buying a majority stake in the team along other properties. ESPN is reporting the deal is worth $1.6 billion. Smith can afford it. He sold Qualtrics, which is based in Provo, Utah, in […] Continue reading Qualtrics CEO Ryan Smith is buying majority stake in the Utah Jazz for $1.6B
When SAP announced it was spinning out Qualtrics on Sunday, a company it bought less than two years ago for an eye-popping $8 billion, it was enough to make your head spin. At the time, then CEO Bill McDermott saw it as a way to bridge the company’s core operational with customer data, while acquiring […] Continue reading SAP decision to spin out Qualtrics 20 months after spending $8B surprises industry watchers
Well, this isn’t a story you see every day. Less than two years after German software giant SAP snatched experience management platform Qualtrics for $8 billion days before the startup’s IPO debut, it has now decided to spin out the company in a brand new IPO. https://techcrunch.com/2018/11/11/sap-agrees-to-buy-qualtrics-for-8b-in-cash-just-before-the-survey-software-companys-ipo/ In a press statement released Sunday, SAP said […] Continue reading SAP will spin out its $8B spin-in Qualtrics acquisition
That Qualtrics IPO many have been expecting is on hold for now. The online market research platform has just raised its third round for $180 million at a whopping $2.5 billion valuation.
The Provo, Utah-based company came from much humbler beginnings, bootstrapping the operation for a decade before finally taking financing from Sequoia and Accel in 2012. It has blown up since then, hitting… Read More Continue reading Qualtrics waits on that IPO, raises $180 million at a $2.5 billion valuation instead
Qualtrics, an online survey research platform, is listed as tops among likely candidates to go public this year. But is it really going to file and, if so, how close is it to doing that? I’m betting yes and very soon based on some interesting answers in a recent interview with founder Ryan Smith. Read More Continue reading Is Qualtrics about to go public? A chat with founder Ryan Smith on the IPO question