SAP Online Portal

Latest SAP News, Solutions, Error Codes, Help Files, Jobs, Documentations, Articles

SAP is acquiring Qualtrics for $8 billion

SAP is acquiring Qualtrics for $8 billion, snapping up the survey software company just before its planned IPO.

The all-cash deal has been approved by the boards of both companies and by Qualtrics shareholders, SAP said in a statementon Sunday.

Qualtrics competes with SurveyMonkey, which went public in September. Qualtrics is bigger and growing faster than SurveyMonkey and is also more profitable.

SAP has been counting on new cloud products for growth as the transition away from traditional desktop software has taken business from its core enterprise resource planning business. In October, the German software company raised its outlook following a 41 percent jump in third-quarter cloud revenue. SAP said it now expects revenue growth of 7.5 percent to 8.5 percent this year, up from the prior range of 6 to 7.5 percent.

The deal is SAP’s second-biggest acquisition ever, following the $8.3 billion purchase of travel and expense software company Concur in 2014. To build its cloud business, SAP acquired SuccessFactors in 2011 for $3.4 billion, and earlier this year purchased Callidus for sales performance management at a price of $2.4 billion.

Read more ..

https://www.cnbc.com/2018/11/11/sap-is-buying-qualtrics-sources-say.html

Leave a Reply

Your email address will not be published.

Related topics

SUSE Linux Enterprise Server for SAP Applications available on the IBM Cloud

SUSE announced that SUSE Linux Enterprise Server for SAP Applications will be available as an operating system for SAP® solutions on the IBM Cloud. In addition, […]

SAP Enterprise Support Academy Integrated into SAP Learning Hub

WALLDORF, Germany, Oct. 26, 2017 — SAP SE (NYSE: SAP) now offers access to a new edition of SAP® Learning Hub to all customers of SAP Enterprise Support services and SAP Enterprise […]

SUSE LInux Enterprise Server with Expanded Support Exclusive Offer

Many of you want to move between platforms, but business realities slow you down. You may be dealing with IT resource limitations or application migration […]

What is Artificial Intelligence?

Technology is already more advanced than humans in some areas. But how can businesses benefit from this? One term you frequently hear in this context […]

High Availability of SAP HANA on Azure Virtual Machines (VMs)

On-premises, you can use either HANA System Replication or use shared storage to establish high availability for SAP HANA. On Azure VMs HANA System Replication […]